Advice & News
Business in Texas is booming. While many states have seen a decline in population and business, Texas has seen only growth.In fact, what sets the state apart from other regions is its potential for business growth and its relative financial support system. Texas is definitely open for business.Both at the federal and state levels, there […]
In an era before some readers’ time, cash was the only method of payment. But today, financial transactions are rapidly changing. Cash is increasingly obsolete in much of today’s society, to the point that some banks operate exclusively online, without in-person tellers, ATMs, or brick-and-mortar establishments. With lower overhead costs, online banks can offer lower […]
Recently, I had the privilege to pick the brain of the Chief Financial Officer (CFO) of an industry leading company in the fintech space. Usama Ashraf is the CFO of Prosper, the first peer-to-peer platform in the US that connects people who want to borrow with individuals and institutions that are looking to invest in consumer […]
After graduating from high school, the biggest worry for incoming college students is paying for higher education. At this time of the year, college acceptance letters begin to flood in, reaching the hands of anxious students. But that worry about receiving an acceptance letter is often eclipsed by a bigger worry – how a family will […]
It is expected that the U.S. Senate Banking Committee will soon repeal the CFPB’s auto lending rules.The Consumer Financial Protection Bureau’s (CFPB) auto lending rules were fashioned to protect consumers who had indirect auto loans financed by banks through a dealership. The U.S. Senate Banking Committee is now planning to repeal those auto lending rules, […]
The recent spending bill increased education funding by roughly $4 billion. The new federal spending bill approved in March contains a $4 billion increase for the Department of Education. Some experts expressed a desire for more education funding but say this year’s increase is a move in the right direction.The increase in spending runs counter to […]
Payday loan lenders have filed a lawsuit against the Consumer Financial Protection Bureau regarding a new rule. The payday lending industry has filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) alleging a new rule could potentially end things for them.Community Financial Services Association of America (CFSA), the main trade association for payday lenders, filed […]
It’s tax season, which means almost all tax returns need to be submitted by next Tuesday, April 17th. Financial stress sweeps over the United States during this time of year, with people rushing to fit into their accountants’ jam-packed schedules to get their taxes in order and ready for the Internal Revenue Service (IRS). However, tax season does […]
Oportun is a direct lender based in Redwood City, Calif., that works with members of the population who are underserved by the financial sector. This company used to be called Progreso Financiero but changed its name to Oportun – which is the beginning of the word oportunidad in the Spanish language.This lender welcomes customers to […]
Life is unexpected, and sometimes the unexpected quickly becomes unaffordable. Balance Credit, a company that offers unsecured personal loans, prides itself as being the financial answer to those expensive, unexpected life events.It aims to provide consumers with a quick application process that will give them the money they need, when they need it, all while avoiding […]