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Robo.cash presents loans in Sri Lanka paying 12.5 pc

Croatia-based peer-to-peer lending platform Robo.cash now offers commercial loans that originated in Sri Lanka, through a partnership with its Sri Lankan operations. Platform users will be able to invest in the loans for a period of three years with a target return of 12.5% ​​per annum, paid monthly. Robocash Group – the parent company of […]

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What is a bad credit personal loan?

If you don’t have good credit. you may still qualify for a bad credit personal loan. However, these debt products can be expensive. Before taking out a loan, make sure it’s the best option to support your long-term financial success. What is a bad credit loan? A bad credit loan is a type of personal […]

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Leveraging Technology to Improve Financial Inclusion in the United States

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. These options, like money orders […]

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Why would anyone want to get out of debt?

Why would anyone want to get out of debt? Think about it. You borrow money. You can use this money now. Then you can pay it back slowly, over time. Who wouldn’t want this deal? You might expect a financial planner to say that everyone should deleverage as soon as possible. Although I wouldn’t make […]

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New Economic Justice Loans Set New Standard for Lending to Minority Businesses

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 address the economic inequalities created by […]

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Payday Loans Statistics | The bank rate

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. Some states don’t even allow payday […]

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How private and public partnership can solve the epidemic of financial exclusion

Achintya Ray, Ph.D is Professor of Economics in the College of Business at Tennessee State University. Success in life basically depends on one’s ability to participate in the modern financial system. Our accounts in banks and credit unions are the main foundations of our financial lives. Most of us get our paychecks deposited into bank […]

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Michigan group collects signatures to curb payday loans

LANSING, Mich. (AP) — A Michigan group began collecting signatures on Wednesday for a ballot proposal aimed at limiting the interest and fees charged by payday lenders they say are trapping low-income borrowers in debt cycles. Michiganders for Fair Lending needs approximately 340,000 valid voter signatures by June. If enough are mustered, the measure would […]

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Payday loans in Norwalk Fairfield County Ct –

This is a very common situation among freelancers because their income is not the same all the time. I didn’t want to ask my partner for money, so I turned to Payday-Loans-Cash-Advance.net. The potential lender was found a few hours after the application was approved. The next day after submitting the application, I was credited […]

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House passes bill to lower NM loan interest rate cap

Rep. Susan Herrera, D-Embudo, left, speaks with Rep. Wonda Johnson, D-Church Rock, upstairs at the Roundhouse on Monday. Herrera is sponsoring a bill to lower the interest rate cap on small loans. (Eddie Moore/Albuquerque Journal) SANTA FE — The State House passed legislation late Monday that would cap the interest rate on small loans in […]

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China extends its evil tentacles to India, Nepal and Bangladesh as massive financial fraud comes to light

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, Beijing has failed to act against […]

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Earned Wage Access Products Under New CFPB Scrutiny, USA

The CFPB should reconsider Trump-era guidelines that exempted certain earned wage access products from federal lending laws, as states consider their own safeguards for the rapidly growing industry. Consumer advocates have been pushing for the Consumer Financial Protection Bureau to rescind a November 2020 advisory opinion stating Earned Wage Access (EWA) products – cash advances […]