What Level of Staffing Do I Need for My Credit Union Small-Dollar Loan Program?

Implementing a small-dollar loan program can benefit both your credit union and your members. But what kind of resources does it take?

What Are the Regulatory Implications of Implementing a Small-Dollar Loan Program?

The American financial regulatory landscape is preparing for massive changes to small-dollar lending programs. What does this mean for your credit union?

What’s the Process for Getting a Quick Loan?

Most prominent online resources say that it takes 1–3 days to receive funding from a quick loan. However, it can be accomplished in as little as 60 seconds with QCash.

What are the Pros and Cons of Partnering with QCash Small Dollar Lending?

Introducing any new technology to a tried-and-true sector is a recipe for radical change. Generally, the change is for the positive, but that doesn’t mean that there aren’t any drawbacks to innovation. The question is when partnering with financial technology companies, what do you give, and what do you get? When you’re on the front lines […]

Are QCash and Payday Loans the Same Thing?

QCash Loan or Payday Loans July 26, 2018 Unexpected things come up in life. Car repairs, medical emergencies, and other expenses that must be taken care of seem to pop up at the worst time. Most Americans live paycheck to paycheck. While some people do have savings accounts, they may not have enough money saved […]

What Interest Rate Should a Small Dollar Payday Loan Program Charge?

What interest rate should a small dollar payday loan charge? While the financial services industry and its regulators debate what is the right APR for short-term, small-dollar loans, Americans in need of relief wait. Their waiting comes with a cost – a big one. PEW Charitable Trusts estimates U.S. consumers spend $9 billion annually on […]

What is a Digital Lending Platform?

When I tell people that QCash is a digital lending platform, they often ask what I mean by that. Here are a few highlights: In short, a digital lending platform like QCash leverages social, mobile, data analytics and the cloud to create a lending process that’s efficient for the financial institution and easy for the […]

What is a Small Dollar Loan?

If you think credit unions and banks should only make large dollar loans because small dollar loans are too inefficient – then this post is NOT for you!   However, if you think you are missing a key segment or want to help your members day to day – then read this post to learn about […]

If Not Us, Who? Reacting to the Decision on CFPB Payday Lending.

The Consumer Financial Protection Bureau recently released its finalized CFPB payday lending rule that will make it very burdensome for lenders to offer loans with an interest rate higher than 36 percent APR and with a loan term shorter than 45 days after July 2019, when the rule goes into effect. This ruling will have […]

The Importance of Promoting Small-Dollar Lending and Employee Wellness.

By Ben Morales, CEO of QCash Financial In a recent Prudential survey regarding consumers’ perspectives on financial wellness, only 22 percent of individuals in the United States described themselves as feeling financially secure. Employers such as credit unions have a stake in this because the impact of employee financial instability does not stop at the company door. […]