As expected the Consumer Financial Protection Bureau (CFPB) posse is circling the wagons of the payday loan industry. The CFPB says this week its mission is to end payday debt traps by requiring lenders to take steps to make sure consumers can repay their loans and not make loans on purely on the ability to collect from consumers.
Standing joke: Got a heartbeat and a phone and hopefully a job? – you can likely qualify for a store credit card. The largest provider of private label credit cards in the U.S. is enabling consumers to complete a card application from with a mobile phone.
Montreal-based DebitWay is making the way for medicinal marijuana payments with a partnership with medpotnow.com. The Canadian alternative payment service provider (PSP) has partnered with numerous electronic “high risk” merchants over the years, from a diverse number of industry types.