The amount of life packed into these last 10 months could fill a decade. In the scope of the financial services industry, it’s safe to say the country has had more than enough to handle! The pandemic has pushed credit unions into the future in a matter of months, condensing years’ worth of digital transformation […]
Millions of Americans are negotiating their way through 2020 and into the new year as best they can, worried about their financial health. Many are struggling to pay rent after being furloughed or let go from a position that provided a primary source of income. They may have even had a solid sense of job […]
In the last couple weeks, QCash Financial advocated for credit unions to adopt a digital small dollar lending program for their 2021 budgets. There’s never been a more critical time to pull out all the stops and market these important assets to help your members achieve the liquidity and take the steps toward financial health […]
This past summer, the Consumer Financial Protection Bureau (CFPB) relaxed regulations on predatory payday loans and other high-interest-rate lending. A surprising move during a global pandemic recession, this ruling further endangers the financial health of some of America’s most vulnerable communities. Until these protections are restored, payday alternative loans (PAL) and other small dollar loans […]
Near the beginning of 2020, the first cases of COVID-19 hit the United States, eventually bringing with them not only the most deadly pandemic since the H1N1 pandemic of 1918 (the “Spanish Flu”), but also the deepest economic recession since the Great Depression. Our country has been hit with the twin terrors of a deadly […]
The financial health of millions is at stake in these trying times. Find out how credits unions can equip themselves to be of service to their members.
No one at this point remains unaware of the devastating effects, financial or otherwise, COVID-19 has left in its wake after merely eight months. We find ourselves dealing with social distancing, wearing masks, and the all-too-natural urge to wade into the uncertain waters of public spaces during these hot summer months. The fact is, no […]
The first step to improve financial health is to manage your cash flow. Learn about tools credit unions and individuals can use to succeed financially.
It was on October 5, 2017 that the Consumer Financial Protection Bureau (CFPB) first announced they had finalized a rule aimed at curbing predatory lending practices by payday lenders. It’s been nearly three decades since predatory payday lenders saw their influence grow throughout the United States. In that time, unsuspecting and financially vulnerable borrowers have found […]
The June 2020 jobs report provided some hopeful news for a season that was desperate for many. The national unemployment rate dropped to 11.1 percent from a post-Great Depression high of 14.7 percent in April, exceeding the estimated 12.4 percent. The economy showed a record number of jobs in June with an employment increase of 2.9 […]