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When Payday Goes Away
Glen speaks with Highline co-founder and CEO Geoff Brown about his firm’s efforts to simplify bill payment and make “safe to spend” budgeting more practical by remitting amounts due directly from paychecks. Also- the ninth (or tenth) life of checks, and questions over how the CFPB is “fed.”
Links related to this episode:
Highline: https://highline.co/
Our previous episode on payday lending: https://www.big-fintech.com/Media/BIGcast/ArticleID/836/Exodus-from-the-Debt-Trap
BillGO and Aite’s study on how Americans pay their bills: https://www.billgo.com/blog/how-americans-pay-their-bills
Deluxe’s unexpected check rebound: https://www.americanbanker.com/payments/news/deluxe-check-printing-business-sees-surprising-uptick-in-demand
CFPB funding: https://www.npr.org/2022/10/19/1130115943/court-says-financial-watchdog-agency-cfpbs-structure-is-unconstitutional
Join us live every other Wednesday at 3pm ET/Noon PT for the CU Town Hall, an interactive discussion of the most pressing issues facing credit unions: https://www.cutownhall.com/
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