Consumer finance

Zimbabwe: CBZ Bank launches payday loans

CBZ Bank introduced an instant loan facility called payday loan. The facility is open to CBZ customers and is disbursed within 24 hours. CBZ Bank introduced the product after realizing that customers need bridge financing to cover immediate financial emergencies. There are many reasons for getting a payday loan, such …

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Where can I get a payday loan?

If you are looking for a small loan, you might be tempted to use a payday lender. After all, it seems so easy: get in, provide some basic information, and walk away with the cash you need. Payday loan companies never check your credit score or make contact with the …

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Maintaining the CFPB payday rule – Lexology

Almost four years after the Consumer Financial Protection Bureau (“CFPB”) first enacted its rule regulating payday loans, a federal district court in Texas confirmed the rule’s payment provisions against various constitutional and other challenges. The court, which previously suspended the rule’s initial compliance date, also predicted that the provisions would …

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What Are Payday Loans?

What Are Payday Loans? Do you know those “quick cash” places you hear about? They are payday lenders and they are not your friends. Payday loans depend on desperate people who have few other options to keep their doors open. One Email a Day Could Save You Thousands Expert tips …

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Payday lenders are looking to bounce back

Breanna Reeves | California payday lenders have seen a sharp decline in loans and borrowers in 2020 during the pandemic despite initial rates of job loss and unemployment. The Department of Financial Protection and Innovation (DFPI) reported a 40% drop in payday loans in 2020, according to their 2020 Annual …

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