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Philadelphia City Council Moves Towards Nation’s First City Bank

The city council voted 15-1 to pass legislation that will launch the creation of the Philadelphia Public Financial Authority on Thursday. The entity is supposed to provide loans and improve access to credit and other financial services to disadvantaged communities. It is also seen as a first step towards the city creating its own municipal […]

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Chinese companies implicated in financial malfeasance in India: report

NNA | Update: 02 March 2022 10:06 STI New Delhi [India], March 2 (ANI): Since the Covid-19 pandemic, China has been trying to present itself as a reliable partner for economic recovery. But much like China’s vaccines that have raised questions about their effectiveness, the country’s partnership in economic recovery comes with waste, fraud and […]

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This platform wants to disrupt the payday loan industry

NAAC Finance will connect the unbanked with quick cash and financial education, helping them avoid predatory high-interest loans. More than 7 million U.S. households are unbanked, meaning no one living in that household has a checking or savings account, according to a FDIC investigation. Lack of a bank account can make it difficult to get […]

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Florida tenants have few rights. Officials try to help

OPINION AND COMMENT Editorials and other opinion content provide viewpoints on issues important to our community and are independent of the work of our newsroom reporters. In January, Hialeah tenants protested rent increases outside the Miami office of Eco Stone Group, their new landlord. Pedro Portal [email protected] Here’s the not-so-new news: Florida law leans heavily […]

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Access to earned wages boosts productivity

In a time of pandemic-induced financial and economic hardship, waiting to get paid once a month can be difficult in the face of emergencies, surprise medical bills, and unforeseen expenses. The inability to access earned wages during tough times can also increase the chances of employees resorting to payday loans at high interest rates, further […]

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CTOS Digital shareholders approve purchase of RM205.8m stake in JurisTech and RM270m equity placement

KUALA LUMPUR (February 21): Shareholders of CTOS Digital Bhd on Monday (February 21st) approved its RM205.8 million acquisition of a 49% stake in Juris Technologies Sdn Bhd (JurisTech) as well as raising RM270 million RM via a placement of 166.7 million new shares to finance future acquisitions, during its extraordinary general meeting (AGE). On February […]

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MANDEL: The killer is sentenced to life without the possibility of parole for 18 years

Links to the breadcrumb Toronto and the GTA criminality Abdiljibar Mahamoud beheaded his ex Brittney Newman in front of their two young children in 2018 Brittney Newman, 25, was beheaded in front of her two children by her ex, Abdiljibar Mahamoud, in February 2020. Picture by handout /GoFundMe Content of the article A monster broke […]

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How does an installment loan process work at Heart Paydays?

An installment loan allows the borrower to withdraw a certain amount of money over time. The loan is then repaid in installments. Typically, installment loans come with fixed payment amounts – they don’t vary throughout the loan. However, loan interest rates may vary depending on the lender and the terms of the loan. Examples of […]

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Vitesse Closes $26M Series B Funding

Speedthe UK-based FinTech secured $26 million in Series B funding, the company announcement Thursday (February 10). This latest round will allow the global payment, liquidity and treasury management platform to connect with the growing digitalization of the insurance industry in Europe and the United States, the company said. The proceeds will also be used to […]

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Bill targeting ‘predatory’ loans gains momentum

Democratic senses Katy Duhigg of Albuquerque and William Soules of Las Cruces support a bill that would lower the cap on interest rates for small loans to 36% from a current maximum of 175%. (Eddie Moore/Albuquerque Journal) Copyright © 2022 Albuquerque Journal SANTA FE — Legislation that would dramatically lower New Mexico’s interest rate cap […]

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‘The OC’ and ‘Gotham’ Star Ben McKenzie Thinks Celebrities Need to Stop Talking About Crypto and Bitcoin

Cryptocurrency has been the subject of a multitude of news stories throughout the year, with more and more variants appearing, attracting additional media coverage. And now a celebrity is doing the opposite of most… Ben McKenzie tells celebrities to stop talking about cryptocurrency. Celebrities have pushed and supported a wide range of internet projects, from […]

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Pounds To Naira Official Exchange Rate / Black Market Rate Today February 4, 2022

This is the news on the exchange rate between the British pound and the naira at the official and black market exchange rate today February 4, 2022. Read Naija News update on official book rates as well as Black market rates, Bureau de change (BDC) rate and CBN rate. How much costs Pounds To Naira […]

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Viventium Partners with ZayZoon to Provide Access to Earned Wages for Employees and Caregivers | Your money

BERKELEY HEIGHTS, NJ, Feb. 02 Feb. 20, 2022 (GLOBE NEWSWIRE) — Viventium, a SaaS human capital management solution that delivers a remarkable user experience, flexible software and expert guidance so clients can be sure their payroll is done right, and ZayZoon, a market leader in providing access to earned wages and employee financial well-being to […]

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Writer opposes payday loan bill | Letters to the Editor

Writer opposes payday loan bill Dear Editor: Recently, I was appalled to learn of a proposed bill at the Indiana Statehouse offering a “solution” to the payday loan industry. SB 352, dubbed the supervised consumer lending bill, claims to benefit the too many struggling Hoosiers who use these predatory services. Considering that the current legally […]

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Why banks are eliminating overdraft fees | Personal finance

“Overdraft fees are deeply unpopular with consumers, and consumers now have more choice,” says Leigh Phillips, CEO of fintech nonprofit SaverLife and chairman of the Consumer Advisory Board of the Consumer Financial Protection Bureau. “Previously, they only had mainstream options like banks and credit unions or fringe services like payday loans. Today, neobanks and challenger […]

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Loans that help you solve your car problems

In our daily tasks, we rely on our ability to move from one point to another. We humans have to move to survive, without movement we couldn’t get to work, buy groceries and toiletries or even go to important places. Most of this problem can be solved by getting a car. A car really solves […]

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U.S. consumers continue to face financial pressures amid inflation

About a quarter say they worry about covering basic household expenses As Americans struggle to ride out the effects of the pandemic, inflation presents a new wave of setbacks. While consumers are improving their finances through some measures, other signifiers indicate that some are making risky choices that could further jeopardize their financial footing. in […]

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[COLUMN] Achieve Freedom by Eliminating Your Mountain of Debt —

The TOUGH financial times caused by the pandemic are pushing consumers to the limit. Chargebacks and overdue credit card balances are on the rise again. Faced with layoffs and tough economic times, many people are turning to their credit card to pay for basic expenses such as food and housing. Many people dip into their […]

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Personal habits that can increase financial risk

(MENAFN – ValueWalk) When it comes to things that may pose a risk to your finances, certain activities may immediately come to mind. Investing heavily in high-risk stock options, quitting your job without a back-up plan, or habitually making large, unnecessary purchases are all obvious actions that can certainly affect your finances. But what about […]

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Topeka JUMP Holds Rally Against Payday Loans

TOPEKA, Kan. (WIBW) – With payday lenders able to charge up to 391% interest in the Sunflower State, community leaders have called on Kansas lawmakers to change. Topeka JUMP says community members from local and state organizations came together to demand reform of payday lending practices across the Sunflower State on Wednesday, January 19. Kansans […]

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Payday loan victims only have days to get the last payment

Customers who have fallen victim to unaffordable payday loans only have days to ensure they get cash back before their lender goes into administration. Cash compensation is sent to thousands of customers who have taken out loans from Money Shop, Payday Express and Payday UK clients. But watch your bank account, because if you don’t […]

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Universal Credit applicants can get an £812 advance if they feel the pinch in January

Those claiming Universal Credit and feeling the pinch in January can apply for an advance of up to £812. This is a “budget advance” and can be used to cover emergency household expenses. However, it is not free money and will need to be paid back, usually through discounts on future Universal Credit payments. Still, […]

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CFPB gets payday rule restoration challenge

By Katryna Perera (January 14, 2022, 7:24 PM EST) – A DC federal judge on Friday dismissed a case against the US Consumer Financial Protection Bureau regarding the agency’s decision to repeal capacity underwriting requirements for reimbursement for payday lenders, despite arguments from community advocates that the agency used poor analysis to justify the rollback. […]

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Cap on payday loan rates is bad news for those who need it

Kent Kaiser | The Detroit News Late last year, the so-called “Michiganders for Fair Lending” launched a ballot initiative that would do anything but make lending fairer in Michigan. They named this monstrosity the “Michigan Payday Loan Interest Rate Cap Initiative,” which would likely drive Michigan lenders out of business, hurting working-class Michigan residents. To […]

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Anderson County to Enforce Governor’s “Stay Home” Order from Midnight

ANDERSON COUNTY, TX (KLTV) – From Anderson County: Anderson County will be required to enforce Governor Abbott Executive Order No. GA-014, which will take effect statewide at 12:01 a.m. on April 2, 2020 and through April 30, 2020 (subject to extension based on COVID-19 status). According to GA-014, “Every person in Texas shall, except as […]

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How to decorate a room at a low price?

A spare bedroom may not be actively used in your home, but that doesn’t mean you shouldn’t pay attention to it. Well, you can’t hurry and decorate the room at the last moment when you know your guests are coming. When entertaining overnight guests, just consider making it a relaxation area for them. Now, you […]

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JPMorgan Chase slows down payday lenders

Timothy A. Clary / Agence France-Presse – Getty ImagesJPMorgan Chase plans to give clients more power over their high interest payday loans. JPMorgan Chase will make changes to protect consumers who have borrowed money from a growing power on the Internet – payday lenders offering short-term loans with interest rates up to 500 percent. JPMorgan, […]

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New Chinese electric vehicle start-up Li Auto delivers 20,000 vehicles in 10 months – FutureCar.com

Author: Eric Walz China’s latest producer of new energy vehicles, Lixiang Automotive Inc. (Li Auto), has reported strong sales for its first vehicle, the Li ONE SUV. Li Auto is one of a new generation of new energy and electric vehicle startups, including Xpeng Motors and NIO Inc., which are becoming rivals of US automaker […]

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The battle for the payday lending industry begins

The battle over a proposed new payday loan rule began on Thursday, with supporters saying it would protect needy borrowers and opponents warning it would reduce access to credit and threatening legal action. The rhetorical skirmishes began when the Consumer Financial Protection Bureau released a plan that would require providers of payday loans, auto title […]

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Churches Fight Predatory Payday Loans

FORT WORTH (RNS) —Anyra Cano Valencia was having dinner with her husband, Carlos, and their families when an urgent knock came to their door. Anyra Cano The Valencias, ministers of the Iglesia Bautista Victoria en Cristo in Fort Worth, opened the door to a desperate and overwhelmed faithful. The woman and her family had borrowed […]

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What you need to know about payday loans and auto title loans

If the coronavirus pandemic is causing you financial stress, you are not alone. Millions of Americans have lost all or part of their income because they cannot work. Government Economic Impact Payments can help, but some people may look for other ways to borrow money for a short period of time. They may consider options […]

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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. […]