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The Fed’s long-awaited CBDC report exami

The long-awaited Central Bank Digital Currency (CBDC) report from the United States Federal Reserve has been released. When it comes to a CBDC, the United States proceeds cautiously, explicitly stating that they are neutral on the issue and do not favor a particular outcome regarding the creation of a CBDC. However, the Fed recognizes the […]

Predatory Lending Floodgates Will Open I...

Consumer advocates are concerned that loopholes in lending laws could open the floodgates to predatory lending for millions of vulnerable Australians. Key points: Experts say that many people seek payday loans when they have financial problems. But some lenders often charge huge fees Consumer advocates say payday lenders can circumvent Credit Act through ‘loopholes’ The […]

Monese debuts credit creation functional...

Monese, the leading pan-European fintech, is expanding its offering with the launch of a new Credit Builder service for its customers in the UK. Having opened a waiting list in 2021, Credit Builder is now available and being used by select customers in an early access program before becoming available to UK customers in the […]

How Chennai-based Aquaconnect Helps Farm...

Ten years ago, United India Insurance developed an insurance product for the aquaculture industry. But it did not take off at that time, as the actuaries were unable to get the right product because they did not know how to determine the risks of aquaculturists and mitigate them. One of the reasons the product didn’t […]

Ontario Government Proposes Amendments t...

Ontario Payday Loan Providers Please Note: The Government of Ontario is seeking information on the implementation of new regulations aimed at strengthening consumer protection, which will have a broad impact on regulating the day-to-day operations of payday lenders. Payday Loans and the Payday Loan Act of 2008 Payday lenders provide small amounts of money to […]

Strengthen your financial resilience wit...

When your finances are strained, making the right money decisions is critical. To better navigate tough times, ask yourself these three questions. How much of an emergency fund is necessary? The answer Even a few hundred dollars can protect you. Don’t be discouraged if you don’t have an emergency cushion or if you feel very […]

Online Lenders Under Investigation by Re...

The New York Department of Financial Services is leading a multi-state investigation that could snag a Silicon Valley startup backed by Andreessen Horowitz and rapper Nas, The Post learned. The investigation, backed by 10 other state banking regulators and Puerto Rico, will focus on a new generation of online lenders charging people potentially usurious rates […]

Payday loans trap the borrower in an end...

Payday loans trap the borrower in an endless cycle of debt Predatory payday loans have been a scourge for many families in our community, yet at the state and national level, payday loan stores are more plentiful than McDonald’s. A quick trip through some of Shreveport’s poorest neighborhoods will give you a striking picture of […]

Technology Internship 2021 – OppFi

Purposeful growth OppLoans is a growing FinTech company that offers accessible and easy-to-understand loan products for middle-income consumers with five-star customer service. We are growing rapidly with profitable returns, and new hires can make an immediate impact. OppLoans is a caring and resourceful team of “Opptimists” with diverse perspectives and backgrounds. OppLoans employees approach each […]

Feds advance new payday rules – ProPubli

If there is one industry that has mastered the art of the loophole, it is high-cost loans. When faced with unwanted regulation, lenders have a lot of practice finding an opening that allows them to charge triple-digit interest to their clients. As we have reported, have been playing a giant and ongoing game of hitting […]

5G, fintech and megaprojects: what 2021 ...

The MENA region is in the midst of a digital transformation, which 2020 and COVID-19 have only accelerated. I asked five experts to share the technology trends they see influencing the Middle East and North Africa (MENA) this year, with digital payments, increased investment in artificial intelligence and mobile devices, along with the need for […]