Social media and big data are being used in an innovative new payday loan banking model that’s more Silicon Valley than Wall Street. Most interestingly, the operation seems to have more in common with ...

An ex-Citigroup executive has raised about $9 million in a new round of early-stage funding for Paywallet, which enables extension of credit to borrowers whose repayments come from their paychecks.

A payday loan is a short-term, high-cost loan meant to be repaid on your next payday. Payday loans are easily available if you’re 18 or older, have a valid ID, a bank account and proof of income.

Dori Zinn has been a personal finance journalist for more than a decade. Aside from her work for Forbes, her bylines have appeared on CNET, Yahoo! Finance, New York Times, Quartz, Inc. and more. She ...