Texas Supreme Court throws industry lifeline
Editor's note: This article appears in the April 2021 edition of DS News magazine, available here.
In a huge victory for lenders and managers, on January 29, 2021, the Texas Supreme Court confirmed that voiding a lender's…
Illinois imposes 36% rate cap on certain loans | Weiner Brodsky Kider PC
Illinois recently enacted the Predatory Lending Prevention Act and its Department of Financial and Professional Regulation recently published a list of frequently asked questions (FAQs) regarding the law. The law entered into force on…
TitleMax challenges Dallas’ new payday loan ordinance
Law360 (April 13, 2021, 9:18 p.m. EDT) - TitleMax on Friday asked a Texas state court to ban the city of Dallas from applying new restrictions on payday loans and repayment plans, arguing that the city overstepped its authority…
Dallas Entrepreneur’s Loan Application Takes the hassle of Friend and Family Loans
Growing up in social housing, Dennis Cail noticed at the age of 7 that his neighborhood in Monroe, Louisiana, had no banks.But there were plenty of payday lenders, check-cashing stores, and car and furniture rental companies.It was…
Local advocacy groups call on Arizona lawmakers to correct loan laws
Some local advocacy groups are asking for support for proposed laws that would help prevent some fringe lenders from charging high interest rates on short-term loans.
Officials at the…
Study finds racial gap in ads from banks, payday lenders
Payday lenders want to lure people of color into endless cycles of high interest debt. Traditional banks prefer whites as customers.At least, that's what the university researchers concluded after examining the advertising and marketing…
Auto Insurance For High Risk Drivers In Texas
Lone Star State's high-risk drivers may struggle to find affordable vehicle coverage. Most carriers classify a driver as higher risk based on incidents on their driving record, such as one or more tickets, accidents, or driving under…
Illinois Regulator Posts Predatory Lending Prevention Act FAQs and Database Reporting Notice |…
Illinois Department of Financial and Professional Regulation (DFPR) released Predatory Lending Prevention Act Frequently Asked Questions (PLPA). The PLPA entered into force on March 23, 2021, on the day it was promulgated by Governor…
How much does refinancing cost?
Rfinance your mortgage can lower your interest rate, help you shorten your loan term, or convert equity into the funds you need - but, just like your first mortgage, there are closing costs to consider.How much does refinancing…
UK insolvency law causes heavy losses for government guaranteed loans
LONDON (LPC) - UK government could face heavy losses on loans to struggling businesses during the Covid-19 pandemic due to its new insolvency law which may force lenders to agree to terms unfavorable during a debt restructuring process.FILE…
Government funds and the corporate bond market may not finance infrastructure projects
The more than 7,000 infrastructure projects in the National Infrastructure Pipeline cannot be financed by government funds alone, nor is the corporate bond market mature enough to provide adequate financing for so many.…
Police identity man who they say shot his ex-wife
Police have identified the man who they say killed his ex-wife and committed suicide on Saturday in Carlstadt after a standoff of several hours with police.James Cox, 43, shot dead his ex-wife, Massiel Deoleo, 34, of Mahwah, on Friday night…
Develop the next generation of leaders in your business
By Sarah CainIf there's one thing we often hear about as business coaches in this industry, it's how difficult it is for successful companies to find next-generation leaders on their team: “She is an excellent advisor and I would like her!-->…
America must not allow China to go viral in Africa
AFRICA is rising and upsetting the balance of power in the world. The continent's fifty-four countries are growing in wealth and population faster than ever, sparking a race among the world's superpowers to invest, build goodwill and, in…
Community Land Trust Helps Young Single Mother Build Her Own Home
Chandra Watson stands in front of the foundation for her future three-bedroom home in January 2021. She and her three children have a tentative move-in date of July or August. Until then, they will live in his mother's house, where Watson…
Beverly Grove man accused of lying to get $ 9 million in COVID-19 relief loans, exploding money in…
This is an archived article and the information in the article may be out of date. Please look at the history's timestamp to see when it was last updated.
A Beverly Grove man was arrested Thursday morning to face federal…
What can you do with a degree in criminology? | Best graduate schools
Many law-abiding people who have no desire to commit crimes themselves are nonetheless fascinated by the psychology and behavior of criminals. Someone who is obsessed with detective fiction or true crime stories may want to consider a…
Refis down 20% from year-ago levels as mortgage applications decline overall
Mortgage rates that are on the rise in tandem with an economic recovery has dampened borrower activity, even with first season of home buying In progress.The Mortgage Bankers Association Composite Market Index - a measure of the volume of…
Increasingly Popular Fixed Rate Loans
The low interest rate environment and the impacts of the COVID-19 pandemic on the finances of many Australians appear to have boosted demand for fixed-rate mortgages.
A recent update from the Commonwealth Bank showed that the share of…
Steinway Piano Gallery in Greenville recognized as Dealer of the Year
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Ron Losby, CEO of Steinway & Sons (left) presents the Partners in Performance Dealer of the Year award to Mark and Katherine Love of the Steinway Piano Gallery - Charlotte, Greensboro and Greenville.
Enlarge…
The Impact of COVID-19 on Benefit Plan Audits: An Auditor’s Perspective
In addition to the well-known provisions on business loan programs, paid vacation and individual stimulus checks, the CARES Act included certain elements related to qualified pension plans - 401 (k), 403 (b) and government 457 ( b) - such…
State Department issues new sanctions against Turkish SSB and its officials
The State Department has issued further sanctions against Turkish defense industry SSB, its chairman and other officials for possessing Russian S-400 missiles.
A press release says the Secretary of State has determined, under the Combating…
Energoatom accepts the need for fixed prices for electricity: Corporate
December 31, 2020
Ukrainian nuclear power plant operator Energoatom says it understands the urgent decision taken by the Cabinet of Ministers on December 28 to expand regulations governing the…
Michelle Pfeiffer in “French Exit” is “upset in a general sense”, and…
She plays Frances Price, a New York socialite and a resident of the most rarefied strata of Manhattan society. She seems to have been the type of legendary beauty who didn't have to work hard at anything; who got married rich to a bully…
Master plan for state support | eKathimerini.com
With support measures likely to exceed € 15 billion this year, the finance ministry is drawing up a plan to help the market through the next 18 months. The plan is broken down into three stages: the short-term stage, which covers the next…
Launch of Vytal to provide consumers with frictionless prescription management and delivery
New direct-to-consumer healthcare business connects manufacturers, patients, providers, pharmacies and telehealth platforms through end-to-end e-commerce platform as a serviceSAN DIEGO, April 6, 2021 / PRNewswire / - Vytal, a healthcare…
Portsmouth goalkeeper Duncan Turnbull seals loan transfer to Las Vegas Lights
Pompey goalkeeper Duncan Turnbull has joined Las Vegas Lights on loan.The 22-year-old joined the United Soccer League Championship squad until the end of the Blues season as he sets out in search of regular first-team football.He is one of…
Minnesota House Democrats unveil budget bill package – Albert Lea Tribune
MINNEAPOLIS - Minnesota House Democrats on Monday unveiled legislation that calls for more education and stimulus spending for those hardest hit by the pandemic while raising taxes for wealthy residents and big business.
The package of…
JUICE – The Juicy Reading of Florida Politics – 4.7.2021 – Florida’s Budget…
Fill budget holes in Florida
Florida's booming real estate market and the increase in the volume of real estate transactions over the past year has directly led to an increase in funds available to finance the construction of…
Vrbo and Affirm team up to provide interest-free funding for future vacations booked through April…
Vrbo® and Affirm announced a collaboration so travelers can book now and pay later for vacation homes.
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For a limited time, qualified travelers now have access to 0% APR financing when they book a vacation home through Vrbo…
Michigan defeats Garza and Iowa for another impressive win
Iowa went to Luka Garza, in his first possession Thursday night. His multiple attempts to shake or move Michigan's Hunter Dickinson into the paint failed and Dickinson got part of the shot.Dickinson, a freshman, didn't back down against…
Culture Recovery Fund to Support Royal Albert Hall and Southbank Center with £ 32million in Loans |…
More than £ 165million in repayable funding has been offered to support some of the country's most iconic cultural organizations.
Among the list are sites such as the Southbank Center (£ 10,911,000) and the Royal Albert…
“It was a little legend”: Vigil held it to boy from Birmingham. his great-grandfather…
More than 100 people gathered on Friday evening to remember a Birmingham man and his great-grandson who were killed a week ago in a pre-dawn shooting.Bobby Miles, 67, and Kyree Phillipe Miles, 4, died in a residential fire in the 4500 block…
Back-to-school shopping in the COVID-19 era: what you need to know
NEW YORK - Everything looks different in the coronavirus era, including back to school.For home-learning students, their school supply lists can include new technology - and the price tags can add up.Items like cleaning supplies, laptops,…
Coronavirus spreads among fruit and vegetable packers, worrying US officials
NEW YORK / LOS ANGELES / CHICAGO (Reuters) - From apple packing factories in Washington state to farm workers in Florida and a county of California known as the "salad bowl of the world", new coronavirus is emerging on U.S. fruit and…
Jeffrey Sabol, a Capitol rioter accused of dragging a policeman down the steps during the siege,…
A geophysicist accused of dragging a policeman down the steps to be beaten by an American flag outside the United States Capitol on January 6 was taken into custody without bail on Friday after a prosecutor said the man then tried to flee…
Researcher, Department of Employment Economics with ROYAL HOLLOWAY, UNIVERSITY OF LONDON
Department of Economics
Site: Egham
Salary: £ 35,931 per year pro rata - including the London allowance Full time, fixed term
Closing Date: Wednesday 07 April 2021
Date of interview: Be confirmed
Reference: 0321-052
Full time,…
Albrecht Dürer, subject of a major exhibition at the National Gallery this fall
Dürer's Travels - The Travels of a Renaissance Artist is a major new exhibition announced for the National Gallery in March 2021. It will be the first major UK exhibition of the artist's works in such a wide range of media for nearly of…
Saudi construction company Binladin to offer restructuring terms to lenders
DUBAI (Reuters) - Binladin International Holding Group, Saudi Arabia's largest construction company, will hold a virtual meeting with lenders on Wednesday to discuss a recapitalization proposal approved by its board of directors, the…
Bay County, Florida educator on administrative leave after charge
PANAMA CITY - A Bay County educator was placed on administrative leave Thursday after being indicted by the federal government in an ongoing public corruption investigation into Lynn Haven. According to a statement from Bay District Schools…
Kenya Gender ranking on education, declining economic inclusion
More women in Kenya are deprived of education and employment opportunities than in the past 15 years, according to a new report, dealing a blow to efforts to close a huge development gap between the sexes.
This gap in education and the…
Police discipline is changing a concern as reform progresses
*This article has been updated to correct information on how residents can file complaints with the CPRBALBANY - A proposal to give a civilian review board the power to discipline city police officers continues to be a major concern as the…
Guild: Mortgage named Best Company to Work for by National Mortgage News
San Diego - Guild Mortgage (NYSE: GHLD), a fast growing mortgage company that has created and managed residential loans since 1960, was named one of the Best Mortgage Companies to Work for in 2021 by National Mortgage News.…
As earnings season approaches, many are betting big on banks
The first quarter ended last week and, among other things, that means another earnings season will start soon. It also means that, as usual, financial services stocks will get the ball rolling, putting the Invesco KBW Bank ETF (NASDAQ:…
Government extends emergency credit line guarantee program until June 30
The government extended the Emergency Credit Lines Guarantee Program (ECLGS) by three months and widened its scope to issue additional financing up to 40% of loans outstanding as of February 29, 2020, up from 20 % earlier.
The…
Federal Disaster Loans Available For California Wildfire Victims
Fire victims in seven northern California counties now have access to low-interest federal loans to help with recovery. The Small Business Administration processes loan applications for fire victims who have lost…
PPP Loan Changes Should Open Doors For Smaller Businesses
Business owners and independent contractors are expected to get increased access to pandemic relief loans with forgiveness under the upcoming rule changes announced on Monday.Right now, entrepreneurs, sole proprietors and the self-employed…
Suspension of US Army War College commander linked to complaint of improper touching
A sexual harassment complaint filed by a civilian army employee led to Major General Stephen Maranian's suspension from his duties as Commander of the US Army War College at Carlisle Barracks.The root cause of Maranian's suspension was…
Mr. Bubble celebrates his 60th birthday with new products, including one to help kids sleep
For 60 years, Mr. Bubble makes bath time more fun for kids.The iconic bubble bath is celebrating its anniversary this year with the launch of three new products, one of which is designed to help children sleep.“After a long winter indoors,…
Evers signs a bill reducing taxes for businesses that have taken out loans
MADISON, Wisconsin (AP) - Gov. Tony Evers enacted a bill that cuts taxes by nearly half a billion dollars for Wisconsin businesses that have accepted loans to help them weather the coronavirus pandemic .Evers signed the bill on Thursday.…
What if Disney World had a birthday party and no one came?
Walt disneyof (NYSE: DIS) The most visited theme park station is gearing up for a big milestone. Disney World in Florida turns 50 this October, and the House of the Mouse hopes to spend as much time…
Man kills 3, himself on daughter’s birthday in New York – WWLP
Woman arrested for drunk driving after allegedly hitting stroller with baby in Hadley
Video / 3 hours ago…
“ Black Fatigue ”: Q&A with Mary-Frances Winters on the impact of racism
By counting measures of the economy, criminal justice, education, and physical and mental health, Winters revealed how much we have failed to achieve true equity. In his chapter "So Is Now "Winters wrote," Black households have the lowest…
Clean Air Act, designed for humans, saved more than a billion birds
Although the federal air quality law was enacted to protect humans from air pollution, it has also saved birds.Cleaner air resulting from pollution regulations has saved 1.5 billion birds, nearly 20% of all avifauna in the United States…
Why unusual birds are appearing in Michigan right now
If you are an avid bird watcher, chances are good that you will travel a fair distance at some point to see birds that you have never seen before.But sometimes you get lucky and these birds come straight to you.This is the case for many…
Main headlines: Coffee Day looks at bankruptcy; RoDTEP subject to change
Coffee Day watches bankruptcy as asset sale fails to progress
Lenders from Coffee Day Enterprises Ltd (CDEL), which owns and operates a chain of coffee shops, plan to send the company to the National Company Law Tribunal (NCLT)…
Payday loan: a juxtaposition of recent CFPB actions | Alston and Bird
A&B Summary: Three recent actions by the Consumer Financial Protection Bureau ("CFPB"), on consecutive days, highlight inconsistencies in the CFPB's current approach to payday lending.
Motion to dismiss the NALCAB suit
On Monday,…
Biological sisters separated by adoption accidentally find themselves working in a restaurant
through: Amber Diaz, WTNH, Nexstar media wire
Posted: March 1, 2021 / 8:49 a.m. CST
/ Update: March 1, 2021 / 8:49 a.m. CST NEW!-->…
Dear Abby: Jealousy creates a barrier between biological siblings
DEAR ABBY: I am an American who was adopted at a young age. Several years ago, I reunited with my biological parents. They are not from America. My mother came here to give birth and left. Some time later, she married my father and had…
Chinese national Zaosong Zheng, accused of stealing biological material from Beth Israel Deaconess…
A Chinese national pleaded guilty Thursday in federal court in Boston to making false statements in connection with the theft of 21 vials of biological material from Beth Israel Deaconess Medical Center.Zaosong Zheng, 31, pleaded guilty to…
These 45 HBCUs have $ 1.6 billion in debt eliminated |
The education ministry said canceling loans for capital funding will improve outcomes for institutions and students.…
Compound Reaches $ 15 Billion In Total Loan Value As DeFi Boom Continues
In short
There is over $ 15 billion of cryptocurrency available to borrow on the Compound decentralized lending protocol.
The compound dominates the DeFi market with around 19% of the value locked in DeFi - $ 9.24 billion out of a total of…
Reduce the family tax bill
There are, however, a few legitimate and effective ways to split taxable income with a spouse or other family members. One of the most effective strategies in a low interest rate environment is to give a loan directly to a family member…
Student borrowers could have a higher tax bill this year
Student loan borrowers could see even more relief from the pandemic.ViT Postman | iStock | Getty ImagesMany people with federal student loans will not be able to claim a popular deduction on their taxes this year.Around 12 million…
South Korea gets new cycle path covered in solar panels
The section is a new innovation in civil engineering and although it connects Daejon and Sejong like any other highway, it does so much…
Boston Red Sox bench coach Will Venable has already lost 21 points to Duke at Cameron Indoor…
More than 15 years ago he would be named Red Sox bench coach and to call Fenway Park home, Will Venable had a memorable performance at one of America's other most famous sports cathedrals.Venable, who was hired as Alex Cora's new right-hand…
Regulation by blog or press release? | Manatt, Phelps and Phillips, LLP
CFPB interim director warns against enforcement of 'repayment capacity' law and residential evictions
In two recent communications, the Acting Director of the Consumer Financial Protection Bureau (CFPB or Bureau) reports that the…
Offshore Wind and Title XVII Loan Guarantee Program for Innovative Energies | Vinson & Elkins…
To promote offshore wind projects in the United States, the Biden administration recently extended the Title XVII Innovative Energy Loan Guarantee Program (the “Title XVII Programâ€) to developers,…
Payday Loans: A Juxtaposition of Recent CFPB Actions | Alston & Bird
A&B Summary: Three recent actions by the Consumer Financial Protection Bureau ("CFPB"), on consecutive days, highlight inconsistencies in the CFPB's current approach to payday lending.
Motion to dismiss the NALCAB suit
On Monday,…
CFPB moves to dismiss lawsuit challenging its overturning of mandatory underwriting provisions of…
The CFPB filed a motion to reject the Federal District Court lawsuit brought by the National Association of Latin American Community Asset Builders (NALCAB). This trial seeks to overturn CFPB's July 2020 Final Rule (2020 Rule)…
Current student loan news for the week of March 29, 2021
In the ever-changing world of student loans, staying on top of student loan news and rates is essential. Below are this week's student loan trends that could affect your loans and your portfolio.2 current trends in student loans for…
CFPB to Restore Firm Position on Payday Lenders
The Consumer Financial Protection Bureau is giving its clearest signal to date that a 2020 regulation relaxing the standards for payday lenders is in jeopardy, despite efforts already underway by the industry to implement the rule. Trump…
Momentum Gains to Curb Predatory Payday Loans | Commercial opinion
As the nation and much of the world continue to suffer from the ripple effects of COVID-19, the ability…
When will your $ 3,000 (or $ 3,600) arrive and who is eligible?
What would it be like if you had a monthly stimulus check? Some American households with children may soon have an idea.In addition to increasing unemployment benefits and paying out a third stimulus check to eligible Americans,…
Consumer Financial Protection Bureau Issues Statement Regarding Small Loans, Signals Return to…
On March 23, 2021, the CFPB issued a brief statement outlining its position regarding "consumer damage in the low dollar loan market" and likely future actions to reverse the previous CFPB administration's policy regarding the…
Illinois Predatory Loan Prevention Act Comes into Force | Ballard Spahr LLP
March 23, Illinois Governor Pritzker signed a law SB 1792, which contains the Preventing Predatory Lending Act (the “Actâ€). The new law came into effect immediately upon signing, notwithstanding the…
Illinois caps consumer rates at 36%, adopts state-level CRA
Illinois Governor JB Pritzker signed an invoice Tuesday capping interest rates on consumer loans at 36% and another bill that sets community reinvestment standards for state chartered financial institutions.The anti-predatory lending…
Loans for difficulties related to the coronavirus | The bank rate
As the United States battles the coronavirus pandemic, many consumers face financial hardship. The US unemployment rate is 6.2 percent, with 10 million people unemployed, according to the latest data from the Bureau of Labor…
Elevate named one of the 2021 Best Places to Work in Texas ™
FORT WORTH, Texas - (BUSINESS WIRE) - Elevate Credit, Inc. ("Elevate"), a leading technology provider of innovative and responsible online lending solutions for unprivileged consumers, today announced it has been named one of…
A Better Way To Regulate Payday Loans
I have two minds about reports that the Consumer Financial Protection Board is considering tough limitations on payday loans. On the one hand, the practice of lending short-term money at high interest is odious; on the other, the…
Best Personal Loans Online 2021: Compare Lenders
The pros and cons of online loansLoan features vary among online lenders, but you will generally come across these advantages and disadvantages with online loans:BENEFITS:Convenience: With online loans, you can do the entire loan…
Momentum is building to curb predatory lending
As the nation and much of the world continue to suffer from the ripple effects of COVID-19, the ability of consumers to stay up to date on bills and spending is steadily declining - if not already.
According to the Census Bureau…
Biden Stimulus Program Makes Student Loan Forgiveness Tax Free
A small but important provision has been added to the $ 1.9 trillion stimulus package that just went through Congress - also known as the COVID-19 Relief Bill or American Rescue Plan - that makes student loan forgiveness exempt from…
Cancellation of student debt, modification of Title IX regulations
Prior to his inauguration, Biden promised to write off $ 10,000 in federal student loan debt and repeal Trump-era Title IX regulations. Credit: Ashley Landis / The Dallas Morning News via TNS
President Joe Biden's big promises…
Can you pay 175% interest on a loan in New Mexico? Yes, and it’s legal
NEW MEXICO (KRQE) - This is the kind of transaction you would expect to do in a late night alley. Yet in New Mexico there is a thriving industry that is legally making hundreds of millions of dollars. We are talking about the…
Texas is one of 19 states with student loan debt greater than the entire state budget
Monday, March 1, 2021
Posted
Through Jay Moreno on…
FTC Announces $ 114 Million Settlement With Payday Lenders | Goodwin
On February 11, 2021, the Federal Trade Commission (FTC) announcement a $ 114 million settlement with the owners and operators of a so-called tribal payday loan program. Settlement resolves allegations of defendants' alleged…
Texas Winter Crisis: Ford lends F-150 pickups as generators
Ford dealers loan trucks to desperate Texans to use as generators.
Hundreds of thousands of Texas residents are entering a fifth day without heat or electricity amid a cold-weather crisis that has killed at least two dozen people.…
Utah payday loan rates are the 2nd highest in America. Only Texas is higher.
A study indicates that they cost an average of 652% annual interest. Only Texas is higher.(Leah Hogsten | Tribune file photo) Payday loan rates in Utah are second highest in America, new research shows. Only Texas is higher. |…
Utah payday loan rates are second in the United States. Only Texas is higher.
A study indicates that they cost an average of 652% annual interest. Only Texas is higher.(Leah Hogsten | Photo from the Tribune) New study says payday loan rates in Utah are second highest in America. Only Texas is higher. |…
Preferred Bank announces the opening of a loan production office
LOS ANGELES, February 17, 2021 (GLOBE NEWSWIRE) - Preferred Bank (NASDAQ: PFBC), ("The Bank"), an independent commercial bank, today announced its intention to open a loan production office ("LPO") in Houston, Texas. The Bank has hired…
The map shows a typical APR in each state
In recent months, several states have taken steps to limit interest rates on payday loans to protect consumers from overindulging in these traditionally expensive loans. In the November general election, voters in Nebraska overwhelmingly…