Bookselling

City Council Leads Battle Against Payday Lenders – By Offering Its Own Loans | Payday loans

Tthe city of Sheffield will, on Monday, launch a range of loans for distressed residents in a retaliation against high-interest deals from Provident Financial, Brighthouse and Wonga. The move, he claims, will save its poorest residents £ 20million in just one year. The new financial services brand, called Sheffield Money, is backed by the city […]

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Albemarle & Bond pawn shops close | Albemarle & Bond

The future of pawnshop Albemarle & Bond and nearly 400 employees is uncertain, leaving customers worried they will not get their belongings back, after stores closed and its website warned parts of the business had “ceased their activities”. In a statement posted on its website, Albemarle & Bond told clients, who pledge valuables for short-term […]

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Can digitization really close the global inequality divide?

“Digital disruption creates a historic opportunity to reshape finance,” according to a report by the United Nations Working Group on Digital Financing for the Sustainable Development Goals (SDGs) earlier this year, which was set up to make recommendations on how digitization could accelerate the financing of the SDGs. There is widespread optimism about the potential […]

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Wonga’s Compensation Claims Quadruple | Wonga

The pile of compensation claims from customers against Wonga has quadrupled to more than 40,000 since the controversial payday lender collapsed, administrators said. Wonga was placed in administration in August 2018, claiming that he could not financially cope with the more than 10,500 complaints registered with the Financial Ombudsman Service at the time. There are […]

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Amazon Warehouse – get returned items or slightly damaged products at knockdown prices

The condition of the product is important, as this is what determines the price. Amazon says it “thoroughly tests the functionality and physical condition of each item,” which gives the product a specific rating. Unfortunately, you won’t see an image of these (unless they say you can request one), as item rotation can be pretty […]

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Smart stimulation: Cash as code

Over the past six months, central banks and governments have opened financial floodgates to deal with the economic fallout from covid-19. By April, 106 countries had introduced or adapted social protection programs, mainly cash transfers, to help people affected by the pandemic. A McKinsey analysis of 54 countries estimates that governments have committed 10 trillion […]

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Southeast Asia’s internet economy on the brink of a post-Covid boom

(Bloomberg) – Southeast Asia’s scorching internet economy has cooled during the pandemic, but online spending is expected to rebound quickly and triple to more than $ 300 billion by 2025, according to the searches by Google, Temasek Holdings Pte and Bain & Co. The value of transactions in four key areas – e-commerce, travel, media […]

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Guru Action on Payday Loan Stocks

gUru investors have always seen the potential to serve a wide range of underbanked consumers with creative financial services and unsecured short term loans. Here’s a close-up on two payday lenders, both down about 30% over 12 months. DFC Global Corp. ( DLLR ) provides alternative financial services and provides unsecured consumer loans on its […]

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Postal Payday Loans: An Insanely Bad Idea

As if by magic Every now and again, the congressman of the day reintroduces an old, tired concept that is asking to the United States Postal Service (USPS) to approve the short-term “payday” credit. The most recent redesign is offered by senator Kirsten Gillibrand (D-NY) who has recently has proposed a law for postal banks. This […]

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Find all the stories of the series all year round

The Enquirer this year launched a yearlong series, The Long, Hard Road, to tell the stories of people who live, work and struggle 80 miles in the heart of Greater Cincinnati. The series is the centerpiece of a project called Prosperity Disparity, special reports that examine how financial difficulties are affecting our region. Kroger Co. […]