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TrueConnect Insights
Here, you’ll find blog posts crafted to help you understand the advantages of partnering with TrueConnect, tips and tricks on business best practices and current events in the financial benefits industry. Browse through our Insights by clicking the posts below.
Vic Pallotta: Rethink a broken payday loan industry
Akron Beacon Journal Too many people who desperately need a loan are turned down because of poor credit history. TrueConnect can rebuild credit, [...]
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Debunking the myths of payday lending
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 [...]
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Coalition asks CFPB to include no safe harbors in payday lending rules
Politico Pro A coalition of consumer advocates, small banks and credit unions is asking the Consumer Financial Protection Bureau to give payday [...]
Read more Coalition asks CFPB to include no safe harbors in payday lending rules
1,000% loans? Millions of borrowers face crushing costs
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 [...]
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Payday lending: Reforming a broken Industry
The Hill While our economy continues to improve for some, millions of Americans are financially unprepared to deal with unexpected expenses. A [...]
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New Coalition to Push for Payday Loan Alternatives
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 [...]
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Sunrise Banks receives Wells Fargo NEXT Award
Wells Fargo has named St. Paul-based Sunrise Banks as one of three recipients of its 2015 NEXT Awards for Opportunity Finance. The award [...]
Read more Sunrise Banks receives Wells Fargo NEXT Award
Opponents, new lenders get traction against payday-credit industry
Star Tribune Diverse allies arrayed against the Minnesota payday loan industry are getting a little traction. Sunrise Banks of St. Paul, which [...]
Read more Opponents, new lenders get traction against payday-credit industry
Recovering payday loan borrower gives thanks for Exodus Lending
Star Tribune Tyren McGruder, a working-class single dad, has emerged from the debt trap of payday loans thanks to Holy Trinity Lutheran Church. [...]
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