Community Financial Services Association of America, the largest trade group for payday lenders, says the rule would «virtually eliminate» their business model, which provides short - term loans to millions of low - income consumers who
lack access to credit cards or bank loans.
Not exact matches
Such an infrastructure is desperately needed because more than 70 % of Filipinos
lack access to a bank account and just 3 % of them use
credit and debit
cards (as per the NOAHCOIN whitepaper estimates).
Lack of
access to financial products — like
credit cards, loans and deposit accounts — is an issue plaguing millions in the U.S. Traditional... Read More
Lack of
access to financial products — like
credit cards, loans and deposit accounts — is an issue plaguing millions in the U.S. Traditional financial institutions, like banks and
credit unions, depend on
credit reports and Social Security numbers (SSNs) when evaluating applicants.
In all honesty, I wouldn't probably pay a $ 400 - 550 annual fee a year just for the
access to lounge, but the
credit cards above have a lot
to offer and go beyond just lounges —
to the point where I keep at least one premium
card year after year despite the
lack of a sign up bonus.