New CFPB study says more than 80% of payday loans are rolled over within 14 days. Study also says one in five payday borrowers collect monthly public benefits.
Luis Peralta has joined Kinecta Alternative Financial Solutions, doing business as Nix Financial, as its new chief operating officer.
Consumer advocate's push against credit union short-term lenders hurting those they think they're protecting.
A credit union payday loan alternative program that has reportedly saved members $15 million wins plaudits from Keystone treasurer.
Online Resources Corp. will be offering its direct billing customers, including utilities and financial services, a small-dollar loan service as a consumer option.
Pennsylvania's state treasurer visited a Wilkes-Barre credit union Tuesday to sing the praises of a payday lending alternative.