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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.
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 [...]
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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 [...]
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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 [...]
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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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St. Anthony: Payday lending has slipped off the reform radar
Star Tribune What appeared a likely reform of controversial payday lenders at the Minnesota Legislature fell apart at the close of 2014 session. [...]
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New Ways for Employers To Make Affordable Payday Loans to Workers
Clark Howard | Money in your pocket Payday lenders offer consumers an easy way to bury themselves under mounds of debt. The typical payday lender [...]
Read more New Ways for Employers To Make Affordable Payday Loans to Workers