Finance
EPPICard – Less phishing, more administrative fees
Unemployed Americans seeking to access their state benefits have had a hard time with the EPPICard debit card system in the past. With the ATM-styled EPPICard, welfare recipients can withdraw available state benefit funds on demand. But as numerous media sources have reported, there have been significant issues with the program. As outlined by the ...
Chase cuts rate on small companies loans for companies that hire
Small business loans might start getting more affordable, and also the U.S. unemployment rate could be affected. The nation's second-largest bank announced Wednesday that it plans to lower the interest rate on small company lines of credit for companies that hire new employees. Small company lending has been a big issue as credit dried up ...
FDIC payday loan option program helps banks make an effort to compete
The Federal Deposit Insurance Corporation (FDIC) lately concluded a pilot program to get banks to compete with payday loan companies. The final results of the small dollar loan pilot program began in 2008 were released by the FDIC in a report June 24. The FDIC determined the program was successful. However, the number of loans ...
White House budget man, Peter Orszag, to step down
The director of the White House office of Management and Budget, Peter Orszag, can be leaving his post in July. Officials close to Orszag have said he would be leaving for a while, but the July date was only most recently announced to the public. The position of OMB director carries significant power within the ...
USA Today payday loans alternatives article is misleading
Opponents of payday loan company tend to argue that you will find cheaper pay day alternatives accessible. When this does apply to those people who have the credit to have possibilities, those consumers with average to less-than-average credit may discover payday loan company to be a lot more available. USA Today's recent piece on payday ...
