Cash From the Boss to Replace Payday Loans

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Originally posted at: 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 […]

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For Banks, Little Progress on Loans to the Unbanked

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Originally posted at: 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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FlexWage Highlighted in Congressional Hearing

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United States House of Representatives Hearing on “An Examination of the Availability of Credit for Consumers” Originally posted at: By Dr. Kimberly Manturuk, Research Associate, University of North Carolina Center for Community Capital On September 22, 2011 Dr. Kimberly R. Manturuk from the Center for Community Capital at University of North Carolina at Chapel […]

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FlexWage Featured in Kiplinger Letter

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Thanks to Kiplinger for featuring FlexWage in the Kiplinger Letter If your business relies on low-income workers and has a lot of turnover…Check out FlexWage, a business service that facilitates payroll advances, which are a headache for some employers. For a small fee charged to the employee, FlexWage forwards a percentage of an employee’s net […]

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