Pay Day

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Pay Day

The day on which an employer provides paychecks to employees. In the United States, pay days generally occur twice a month or every two weeks. Some jobs, however, pay weekly or monthly.
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References in periodicals archive ?
By the mid-2000s, the states that regulated payday lending were beginning to collect more data, which made more and better research possible.
Elsewhere in Powys, Llandrindod Wells residents paid PS263,000 in fees and interest on 1,740 payday loans.
Marion Fellows, SNP MP for Motherwell and Wishaw, said: "The roll-out of Universal Credit, which cuts incomes, rigged disability assessments, a minimum wage below the real living wage, precarious work through zero-hours contracts, and the two-child tax credit cap are all policies which are forcing people to turn to payday loans."
'PayDay Loan is service quick, convenient and does not require any paperwork, collateral or guarantor,'' Diamond Bank said in a statement signed by its Media Relations Officer, Mr Ezechinyere Anyanwu, in Lagos.
One operation being blamed by lenders is Payday Refunds, which takes 36% of any compensation and has links to an unsavoury finance figure called Mark Kennedy.
It is the latest in a string of payday firm closures after a clampdown on rip-off lending rates.
Mulvaney has received (https://www.followthemoney.org/show-me?c-t-eid=6670008&d-cci=148#[%7B1%7Cgro=y) $57,100 in campaign contributions from the payday lending industry over the course of his political career, according to the National Institute on Money in State Politics.
According to the CFPB, payday loan companies collectively raked in roughly $3.6 billion in fee revenue in 2015.
The US House of Representatives could soon roll back Wall Street regulations designed to prevent another banking crisis, helping payday lenders in the process.