Game Changing Solution to Bank Overdraft Fees

It’s happened to the best of us. Millions of working Americans frequently find themselves in need of funds between paydays. When faced with financial shortfalls, employees with limited access to traditional credit resort to expensive alternatives, such as pesky overdraft fees. As American employees live a hectic life, it’s understandable to lose track of checking […]

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FlexWage Goes to Washington

FlexWage Solutions was honored to accept an invitation from the National Economic Council (NEC) to review WageBank as part of the White House Executive Office of the President Financial Inclusion initiatives. The NEC, as well as the US Treasury Department, are exploring financial inclusion, financial empowerment, and financial education solutions for US consumers.Meeting participants from […]

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Making a Difference, Making a Profit

Making a Difference

You feel its effects every day but simply consider it a part of doing business. Referred to as the “silent epidemic,” Financial Stress affects 30 million American workers (25% of the workforce), and unless your employees are requesting loans against their 401(k)s or you’re receiving garnishment or bankruptcy notices, it goes largely unnoticed.

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The Truth About Payday Loans

Payday lending has existed in some form for over 100 years, but in its current incarnation it’s been around since the early 1990s. A recent Pew Charitable Trust report on Payday Lending in America provides some eye-opening information regarding borrowers and lenders.

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