Earlier this year, the governor of Hawaii signed HB 1192, which changes certain provisions relating to small dollar loan requirements. Specifically, the bill sets out a new licensing requirement for “installment lenders” and specifies various consumer protection requirements. The bill defines an installment lender in the broad sense as “anyRead More →

The MasterCard logo on a smartphone disposed in Saint Thomas, Virgin Islands. Gabby Jones | Bloomberg | Getty Images Mastercard is entering the competitive installment loan space by allowing banks and start-ups to scale up their own “buy now, pay later” offers. The payments giant on Tuesday announced a newRead More →

Installment loans – loans that allow you to borrow money and pay it back in equal monthly installments with a fixed interest rate – are a handy personal finance tool if you’re looking to pay off large debts in small amounts. manageable pieces. The most common type of installment loanRead More →