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Retail therapy in bars and restaurants, cannabis stores and e-commerce? Other retailers not so lucky. By Wolf Richter for WOLF STREET. Retail sales jumped 0.9% in April from March, after jumping 1.4% in March from February, to $678 billion, and rose 8.2% from to a year ago, seasonally adjusted, the Commerce Department reported today. Retail …

A committee of the European Parliament will vote in June on the proposed Consumer Credit Directive (CCD) with a view to obtaining final approval in plenary session before the summer holidays. Lawmakers will discuss proposed amendments to the text tomorrow, May 17. Following the rise of digital lenders and the increasing online distribution of consumer …

RICHMOND, Va. (WRIC) – The federal court in Richmond has given preliminary approval to a class action settlement that would provide $489 million in relief to victims of illegal internet lending. The ruling was released Thursday, May 12, and will affect approximately 555,000 consumers who have been charged more than 600% interest on loans by …

The pandemic has changed a lot for many companies, and employers have struggled to recruit high-quality talent ever since. Raising the salary can help, but it’s not always an option. Fortunately, your benefits plans can also set you apart from the competition. Here are some ways to modify your benefits programs to help you recruit …

You may have heard people say that buying travel is the only way to get rich. It seems totally wrong at first, but you probably understand the wisdom behind the words on deeper thought. Traveling is a financial liability, an expense that reduces your money and your assets. However, small bonuses like friendship, knowledge and …

A tech company, Lastmile Financials Limited, has introduced PayMasta, an earned pay access and personal finance management app that allows employees to access their wages before payday. Speaking at the unveiling in Lagos, Chief Evangelist and co-founder of PayMasta, Mr. Gerald Erih said the introduction of the EWA app will provide employees with immediate access …

If you are unemployed, you will struggle to cover your expenses. At some point, you may decide to borrow money from a direct lender. Will it be easy to do? It depends on many factors. Getting payday loans for unemployed can be a reasonable solution to your financial problems. But this can come with high …

She wants to help shape young black women! Chicago Community Trust CEO steps down to become president of Spelman College, WBEZ Chicago Reports. The Trust is an organization that was established over 100 years ago to bring together private donors, non-profit organizations and local residents under one philanthropic arm. Today it is one of the …

Swan Bitcoin, a fintech company focused on bitcoin-only services, is launching a bitcoin benefits plan for employers. Each user will designate a fixed dollar amount to deposit into bitcoin and the process will be automated by Swan once the amount is set. Compton Magic, Voltage and other companies in the greater Los Angeles area have …

Placeholder while loading article actions In the spring of 2021, Mitch McConnell (R-Ky.) was a worried man. In a book published this week,This won’t pass“, New York Times reporters Jonathan Martin and Alexander Burns report that the Senate Minority Leader told friends he thought the temporarily expanded child tax credit would be so popular that …

Earnipay, the fintech start-up committed to improving the productivity and financial well-being of staff by giving employees flexible, on-demand access to their wages before payday has partnered with OnePipe to ensure that the financial transactions that characterize Earnipay’s offerings are carried out frictionlessly and at lightning speed. In Nigeria today, employees often have to wait …

Perhaps because of the full moon last week, the 401(k) “enemies” were out in force. Yes, last week we were treated to a Bloomberg Opinion Article with ideas on how to “fix” America’s broken retirement savings system, a backhanded compliment (sort of) on SECURE 2.0 in Forbes by Teresa Ghilarducci, and the trifecta was completed …