Originally posted at: www.americanbanker.com
By Victoria Finkle
Frank Dombroski says he has built a more customer friendly alternative to those much criticized products, and one that will even benefit from regulators’ increasing scrutiny of the payday lending industry.
MOUNTAINSIDE, NEW JERSEY – February 29, 2012 FlexWage® Solutions LLC, announced today that they have been selected as an approved payroll card vendor by the CurrenC SF program. CurrenC SF, www.currencsf.org, is the latest program launched by the San Francisco Office of Financial Empowerment designed to help the businesses and workers of the San Francisco […]
Originally posted at:
www.njbmagazine.com
By Anthony Bucci
In today’s economy, approximately 60 million financially underserved American workers need access to money more than ever before, and Mountainside-based FlexWage is helping those workers obtain those funds.
Originally posted at: www.businessweek.com By John Tozzi … FlexWage makes advances out of employers’ payroll accounts, based on hours workers have already put in. Clients get Visa pay cards to pay salaries, which FlexWage says cost half as much as paper checks. Workers pay $5 or less for each cash advance, and employers pay $1 […]
Originally posted at: www.americanbanker.com By Kevin Wack Despite years of encouragement by their regulators to provide small-dollar loans to people without access to traditional forms of credit, banks largely remain reluctant to enter the field. At a congressional hearing Thursday, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency could […]
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