As an HR officer, you should always be on the lookout for anything that’s getting in the way of employee happiness. A happy workforce is a productive workforce—not to mention evidence that HR is doing its job and the company is treating its employees with respect. The best way to learn what’s making people upset […]
The Top 5 Complaints You Hear in Every Office Read More »
If you ask any HR manager about the importance of good company culture, they’re bound to say that it’s right up there with clean air and fresh drinking water. This is because a less-than-ideal culture can lead to poor morale, low productivity levels, and a generally unhappy workforce—all of which can have a detrimental effect
5 Signs Your Company Culture Needs a Fix Read More »
Sidewire Jonathan Allen: Welcome David Rothstein, chairman of the Coalition for Safe Loan Alternatives, David Reiling, CEO of Sunrise Banks, and Doug Farry, cofounder and executive vice president for Employee Loan Solutions. David R. can you explain the need for the rule? Doug Farry: I’ll chime in. The CFPB, and other organizations, have found that payday loans
The CFPB’s new rule is aimed at helping borrowers avoid debt spirals Read More »
WSJ PRO Others are experimenting with new ways to find borrowers in need to lower the cost of credit checks and default risks. Employee Loan Solutions in San Diego ties up with employers, who offer referrals for personal loans as part of employee-benefit programs. The company provides 12-month loans at a 24.9% annual percentage rate
Payday Move Sounds Simple, but the Devil Is in the Details Read More »
The Hill A flawed payday loan system, according to Knight, still provides a valuable lifeline to those who need it. But if the existing system puts the credit and future of its borrowers at risk, how valuable can it truly be? The solution, Knight says, is to develop new and better products to compete with
Debunking the myths of payday lending Read More »
Politico Pro A coalition of consumer advocates, small banks and credit unions is asking the Consumer Financial Protection Bureau to give payday lenders no legal safe harbor in its upcoming proposal to curb abuses in the small-dollar loan market. Full Article
Coalition asks CFPB to include no safe harbors in payday lending rules Read More »
CBS NEWS One complaint about the payday lending industry is that it lacks competition, making it hard for borrowers to shop around for the best terms. Doug Farry wants to change that. A former TurboTax executive, he’s the co-founder of Employee Loan Solutions, a program that lets employers offer small loans to their workers. Called
1,000% loans? Millions of borrowers face crushing costs Read More »
American Banker “How can we replace a two-week loan model at a better cost?” said David Rothstein, the chair of the Coalition for Safe Loan Alternatives, a new group formed to offer payday lending alternatives. With the Consumer Financial Protection Bureau expected soon to roll out a proposal to regulate payday lending, community groups have
New Coalition to Push for Payday Loan Alternatives Read More »
Star Tribune Tyren McGruder, a working-class single dad, has emerged from the debt trap of payday loans thanks to Holy Trinity Lutheran Church. Church members decided to do something in 2012 when a couple of payday lenders moved into their East Lake Street neighborhood. “Holy Trinity always has been very social-justice and community-oriented,” said Phil
Recovering payday loan borrower gives thanks for Exodus Lending Read More »
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