Retail therapy in bars and restaurants, cannabis stores and e-commerce? Other retailers not so lucky. By Wolf Richter for WOLF STREET. Retail sales jumped 0.9% in April from March, after jumping 1.4% in March from February, to $678 billion, and rose 8.2% from to a year ago, seasonally adjusted, theRead More →

A home equity loan, also called home equity loan, home equity installment loan, or second mortgage, is a type of consumer debt. Home equity loans allow homeowners to borrow against the equity in their home. The loan amount is based on the difference between the home’s current market value andRead More →

The inequality is clear: while only 1 in 19 white Americans has a credit score of 620 or less – a level considered high risk for most lenders — 1 in 5 black Americans does. The reasons for these disparities are complex, but they stem from discriminatory policies dating backRead More →

The 57-year-old residential school survivor thought the Canada Emergency Response Benefit could be her financial life raft. “I thought the federal government was gracious in granting CERB,” she said in a recent interview from her Winnipeg apartment. “But they are ruthless and relentless in wanting that money back.” Ketchum wasRead More →

The following discussion should be read in conjunction with the consolidated financial statements and related notes that appear elsewhere in this report. This discussion contains forward-looking statements that involve significant uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors,Read More →

By Ismail Amla, Executive Vice President, Professional Services, NCR Corporation The benefits of financial inclusion are known and numerous. Households that lack access to bank accounts or relatively affordable mechanisms for receiving, paying, and spending money end up spending a significantly higher percentage of their income on cash-intensive financial options.Read More →

WASHINGTON, March 2, 2022 /PRNewswire/ — Former US Comptroller of the Currency and Current President of LISEP Gene Ludwig and CEO of NACA Bruce Marks today announced a groundbreaking loan program for minority-owned businesses. Economic Justice Loans will be a model for financial institutions, financial regulators and government to addressRead More →

Here’s a breakdown of payday loan demographics by parental status. Parents are more likely to take out payday loans than non-parents. Parental status Percentage having used a personal loan non-relative 5% relative 8% payday loans in america The rates and terms of payday loans can vary widely by state. SomeRead More →

Financial regulation becomes a catch-22: Regulators are too politicized to be left unattended, but they are not politicized enough for elected officials to control them adequately. Generally speaking, financial regulators are expected to deal with issues considered important but not very controversial, such as the prevention of bank failures. TheirRead More →

OPED By Vaishali Basu Sharma 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 political manipulation. Furthermore, BeijingRead More →

The long-awaited report on the US Federal Reserve’s Central Bank Digital Currency (CBDC) has been released. With respect to a CBDC, the United States is proceeding with caution, explicitly stating that it is neutral on the subject and does not favor any particular outcome regarding the creation of a CBDC.Read More →

Consumer advocates fear loopholes in lending laws could open the floodgates to predatory lending for millions of vulnerable Australians. Key points: Experts say many people seek out payday loans when they are in financial difficulty But some lenders often charge significant fees Consumer advocates say payday lenders can dodge theRead More →

NEW YORK, January 12, 2022 / PRNewswire / – The Bedrock Care Group, operator of a health and care establishment, has joined forces with DailyPay to allow healthcare professionals instant access to their earned income. The partnership gives Bedrock Care Group employees more financial flexibility during this difficult time forRead More →

FORT WORTH, Texas – (BUSINESS WIRE) – October 13, 2021– Elevate Credit, Inc. (NYSE: ELVT) (“Elevate”), a leading technology provider of innovative and responsible online lending solutions for unprivileged consumers, today announced a $ 50 million financing facility. dollars, with the option of increasing the facility up to $ 100Read More →

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What is a Payday loans? A payday loan can be described as a short-term unsecured loan with high interest rates. When a borrower writes a check to the lender with a date for the payday, but gets part of the amount in immediate cash from them, it is called aRead More →

Tesla headquarters to move from Silicon Valley to Texas, Elon Musk informed “I am delighted to announce that we are moving our headquarters to Austin, Texas,” Elon Musk said at the company’s annual meeting of shareholders. Tesla CEO Elon Musk told investors on Thursday that the company’s headquarters would moveRead More →

Bronx resident Yoasara is manufacturing waves in New York City for the yoga and dance studio she founded and struggled to maintain during the COVID-19 pandemic. Yosara open Sweet Water Dance and Yoga studio during a difficult time in her life that required her to live out of the studioRead More →