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Philadelphia City Council Moves Towards Nation’s First City Bank

The city council voted 15-1 to pass legislation that will launch the creation of the Philadelphia Public Financial Authority on Thursday. The entity is supposed to provide loans and improve access to credit and other financial services to disadvantaged communities. It is also seen as a first step towards the city creating its own municipal […]

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This platform wants to disrupt the payday loan industry

NAAC Finance will connect the unbanked with quick cash and financial education, helping them avoid predatory high-interest loans. More than 7 million U.S. households are unbanked, meaning no one living in that household has a checking or savings account, according to a FDIC investigation. Lack of a bank account can make it difficult to get […]

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Philadelphia’s state bank advances would be the first in the country

💌 Do you like Philly? Sign up for Billy Penn’s free newsletter to get everything you need to know about Philadelphia, every day. Philadelphia is set to become the first city in the nation to create a public bank, with the city council set to vote March 2 on creating a Philadelphia public financial authority. […]

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The flood of new jobless claims have swept the United States

According to the largest financial information portal, applications for benefits have fallen further. We know that unemployment in the United States is a complex and important subject. Therefore, experts try to fully cover this topic. For example, in the past week the number of such requests was about 240,000. During the study, seasonal fluctuations were […]

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One way to spend less: spread out your paychecks

Yes, in many cases, according to new research. Workers who get paid daily, whether through their normal salary agreement or by accessing their pay in advance via an app, often spend more money than workers who receive their pay in more traditional instalments. one or two weeks. The rise of new personal finance technologies and […]

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FirstCash Holdings Company News: Berger Montague Investigating Securities Fraud Allegations Against FirstCash Holdings, Inc. (FCFS); The deadline for the lead applicant is March 15, 2022 | 2022-02-07 | Press Releases

Philadelphia, Pa.–(Newsfile Corp. – Feb. 7, 2022) – Berger Montague is investigating allegations of securities fraud on behalf of investors who purchased the securities of FirstCash Holdings, Inc. (“FirstCash” or the “Corporation ”) (NASDAQ: FCFS) between February 1, 2018 and November 12, 2021 (the “Class Period”). If you purchased FirstCash securities during the Class Period, […]

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Bill would end the use of loans to pay for dogs and cats | News, Sports, Jobs

Photo submitted Tracy Pennycuick, R-Montgomery, speaks in the state House of Representatives in late January. A Montgomery County Republican wants to end the practice of taking out a loan to pay for a dog or cat. Rep. Tracy Pennycuick, R-Montgomery, sponsored House Bill 2311 to amend Title 12 of the state’s […]

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Why Investors Are Buying So Much Real Estate – And How Regular Homebuyers Can Compete

Podcast host Nikki Hynes lost her dream home last summer. Despite bidding $15,000 above the listing price, the sellers chose an investor instead — an all-cash offer and a lightning-fast 14-day closing time. “We were devastated,” Hynes said. “We also started worrying about not being able to find a house if we spent more than […]

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Piada Italian Street Food at the forefront of employee hiring and retention after partnership with DailyPay

NEW YORK, February 1, 2022 /PRNewswire/ — Italian street food Piadaa fast-growing casual Italian restaurant chain, has partnered with Daily Paythe leading provider of on-demand compensation, to offer its employees a transformative financial wellness benefit that gives them instant access to their earned wages. Based at Columbus, OhioPiada Italian Street Food operates 43 locations across […]

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Improving Lives: Award Honors Founder of Credit Union Serving Low-Income Southerners

Expanding economic opportunity in rural areas of the Deep South is at the forefront of the work of the latest recipient of a prestigious annual award that recognizes the achievements of individuals who make lasting community contributions. The recipient, William (Bill) Bynum, received the Heinz Prize for Economics for his work with HOPE Credit Union, […]