Updates
Updates
Don’t Grow For Growth’s Sake: Smart Growth for Social Enterprises
“How small can I stay, while still driving big, transformative impact?” It’s an exciting question some social entrepreneurs are now asking themselves as they consider how to turn a good idea into a scalable solution. Organizations--and their leaders--are faced daily [...]
Federal Action Against Payday Loans Picks Up
The Consumer Financial Protection Bureau, which began supervising the payday loan industry in January 2012, has begun rein in abuse, producing a report critical of the industry and requiring two payday businesses to provide refunds and pay million-dollar fines. The [...]
Credit Scores Could Rise with FICO’s New Model
The creator of one of the most widely used and influential credit scores, FICO, said on Thursday that the latest version of its score would no longer weigh medical debts — which account for about half of all unpaid collections [...]
Using Gambling to Entice Low-Income Families to Save
While building up savings offers the best route out of poverty, the glamourless grind of socking away a dollar here and there has a tough time competing with the heady fantasy of a Mega Millions jackpot. But instead of attacking [...]
CFPB Publishes Report to Promote Financial Wellness in the Workplace
Today the Consumer Financial Protection Bureau (CFPB) published a report to promote financial wellness in the workplace. The report contains case studies that are designed to educate employers about practices that can improve employees’ financial health and increase worker productivity. [...]
In California, a New Law Helps Low-Income Borrowers Build Credit
California has enacted a a law that lets nonprofit organizations targeting low-income borrowers lend as much as $2,500 interest free without a license. The law will allow more Californians to skip more risky payday loans and create the track record they [...]
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