Monday, December 5, 2022
Earnings of pawnshops and payday lenders soared since the U.S. government shutdown started in December 2018. The shutdown, the longest in American history has denied the salary of hundreds of thousands of government employees and contractors. To make their ends...
Australians looking to get housing loans can now apply for a more substantial mortgage with the relaxation of the Australian Prudential Regulation Authority (APRA) rules, ABC News reports. The new regulations decreased the mortgage rate, placing it at the...
In the move to crackdown harmful lending practices of high-interest loans, Google has shut down payday loan apps on Play Store. According to the Wall Street Journal, Google is tracking down the ‘deceptive or harmful’ loans with annual percentage rates...
Digital lending in India continues to expand and grow with more FinTech companies taking advantage of unsecured loans for funding. The Omidyar-BCG report states that the sector is close to $100 Bn a year by 2023. Approximately 77 per cent...
Despite having a $3B cash reserve in 2018, China continues to loan money from the World Bank to fund its domestic programs. It is still the top borrower from the Washington DC-based organization, with loans amounting to almost $2B each...
ME Bank, a subsidiary of Bank of Queensland, faces a total of 62 criminal charges concerning home loan clients’ annual interest rates and minimum repayments, according to the Australian Securities and Investments Commission (ASIC). In May, the ASIC filed the...
The Department of Business Oversight or DBO released new rules on SME lending practices in the California state, giving borrowers protection from predatory practices. Last July 29, 2018, the Responsible Business Lending Coalition (RBLC) said in a press release that...
Canadian PayTech firm VoPay announced Wednesday, Nov 27, it has entered the Canadian Lenders Association (CLA) to help bolster digital lending growth across Canada. In a press release, the innovative payment technology firm shared its delight with the latest move. “We...
Mumbai-based company Jai Kisan raised a total of $1.5Mn to support farmers for seed funding and machines. The Fintech company also states the possibilities of expanding its operations to more than 4 major regions in India. Jai Kisan is only...
The Asian Development Bank (ADB) approved the $400-million loan to the Philippines last Tuesday, May 26, 2020. The loan is reportedly intended to boost the capital market development in the country. According to the Manila Bulletin, the capital market development...

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