Tag Archives: financial services

Multitude Group publishes its preliminary unaudited annual results for 2021

DGAP-News: Ferratum Capital Germany GmbH / Key word(s): Preliminary results15.03.2022 / 07:30 The issuer is solely responsible for the content of this announcement. Multitude Group publishes its preliminary unaudited annual results for 2021 Helsinki, March 15, 2022 – Multitude SE (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or the “Group”) announces preliminary …

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Top 10 Microfinance Banks in Nigeria

Information available on the CBN website shows that there are approximately 916 licensed microfinance banks in Nigeria. These banks provide essential financial services (such as savings, loans, domestic remittances, etc.) to low-income, unbanked and underserved groups like market women and unemployed youth. For a highly populated country like Nigeria where …

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Payment Processor That Helped Fake Bilk Discount Clubs Consumers to Pay $2.3M in FTC Case

A payment processor that allegedly helped a bogus discount club system debit tens of millions of dollars from consumers without authorization will have to pay $2.3 million and face a permanent ban from working with high-end customers. risk following a Federal Trade Commission lawsuit. According to the FTC’s complaint in …

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Digital loan apps that allow easy access to instant loans

The FinTech environment has grown in popularity in recent years, especially after the pandemic. The banking, money services and insurance (BFSI) industry in particular has exploded with digital lending services transforming the lending process and disbursement methods. Digital lending is booming as an effective alternative to traditional lending (by financial …

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Philadelphia City Council Moves Towards Nation’s First City Bank

The city council voted 15-1 to pass legislation that will launch the creation of the Philadelphia Public Financial Authority on Thursday. The entity is supposed to provide loans and improve access to credit and other financial services to disadvantaged communities. It is also seen as a first step towards the …

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Getting bigger and bolder, CFO News, ETCFO

Greed is the big problem. The love of money is the root of many evils. And it seems that insatiability is growing rapidly. But let me fall back on an age-old hypothesis of the famous triangle of fraud. These are pressure, opportunity and rationalization. When my last book titled: “Corporate …

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Paytm offering up to Rs 5-Lakh collateral-free instant loans; Here’s how to apply

Paytm, India’s leading digital payments and financial services company, is offering collateral-free instant loans of up to Rs 5 lakh to small traders in conjunction with regular commercial banks and NBFCs. The loans are available at a low interest rate and come with a unique daily EMI option, Mint reported. …

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What’s in a name? The rebirth of an investment banking legend

This week, inspired by the re-emergence of a legendary brand from the past, GlobalCapital immersed in the murky world of investment banking brands. The recently resurrected name is none other than Salomon Brothers, the bond trading giant made (even more) famous by the book Liar’s Pokeran insider’s account by former …

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Is San Antonio FloatMe a Safer Alternative to Payday Loans?

FloatMe, a San Antonio tech startup that provides cash advances to workers on their next paycheck, said it raised $16.2 million from investors in its most recent fundraising round. Overall, the startup has raised $49.1 million in funding since June 2019, including $25 million in debt funding, according to Crunchbase, …

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CFPB Seeks Comments on Consumer Industry Fees

Related practices and jurisdictions Thursday, February 3, 2022 the Consumer Financial Protection Bureau (“CFPB”) continued to strengthen its regulatory oversight of the consumer financial services market. On January 26, 2022, the CFPB published an initiative seeking public input on so-called “unwanted fees” in consumer financial services. According to the CFPB, …

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New attempt to reduce advances on NM loan interest rate ceiling

A truck heads east along historic Route 66 in Albuquerque in this 2017 photo, past a sign advertising a securities lending business. New Mexico lawmakers are considering lowering the current 175% state cap on small loan interest rates during this year’s 30-day legislative session. (AP Photo/Susan Montoya Bryan) SANTA FE …

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Equifax: Head of the Equifax Foundation talks about financial inclusion with Authority Magazin…

At the heart of Equifax’s goal is to help people live their best financial lives. That’s why we’re constantly innovating our solutions to promote greater financial inclusion and empower consumers to take charge of their financial situation. Recently, our very own David Stiffler, Chairman of the Equifax Foundation and our …

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Seven ways to claim compensation worth thousands of pounds

RECOVERING money can give your finances a welcome boost and there are several compensation schemes you can get money from. Banks and payday lenders are among the companies paying out claims and it could be worth thousands of pounds. 1 Compensation worth thousands can be claimed in some casesCredit: Getty …

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DDM signs an acquisition agreement in Switzerland

DDM Holding SA (First North Growth Market: DDM) announces that it has entered into an agreement to acquire 100% of the capital of Swiss Bankers Prepaid Services SA (“Swiss bankers”). Swiss Bankers is the Swiss market leader in prepaid cards and provides innovative credit-based payment products and offers cashless and …

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Payday loans are a problem. Can a public bank be part of the solution?

When the coronavirus first posed a threat to the health and finances of Americans, Tiffany Moore of Forest Park first turned to an installment lender hoping for financial relief. The good news: She was approved for a $9,500 loan to compensate a tenant in her property who couldn’t pay rent. …

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Press release of November 4, 2021

Press release / Ad hoc announcement in accordance with Art. 53 LR Bern, November 4, 2021 Valiant significantly exceeds its growth targets In the third quarter of 2021, Valiant recorded a 4.2% increase in customer loans, exceeding its annual target of 3%. Valiant’s strategy is bearing fruit, in particular in …

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3 same day loans that aren’t payday loans

When you run out of money for an unforeseen emergency or a bill that needs to be paid right away, a quick loan can set you back. Unfortunately, people in this situation often take out risky and expensive payday loans. These loans are popular because many of them do not …

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Payday loans plummeted during pandemic, but Californians ‘not off the hook’ – Santa Cruz Sentinel

Pandemic government aid may have helped some Californians avoid using expensive payday loans last year, but some experts say it may be too early for celebration. A new report found that in 2020, California saw a 40% drop in payday loans taken out compared to 2019, a drop equivalent to …

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Business News | Stock market and stock market news

Search for quotes, news, net asset values ​​of mutual funds zee entertain INE256A01028, ZEEL, 505537 TIC INE154A01025, ITC, 500875 Vodafone idea INE669E01016, IDEA, 532822 Addiction INE002A01018, RELIANCE, 500325 IRCTC INE335Y01012, IRCTC, 542830 Search for quotes, news, net asset values ​​of mutual funds zee entertain INE256A01028, ZEEL, 505537 TIC INE154A01025, ITC, …

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Can Payday Loans Become Obsolete? With an additional $ 15 million, Clair wants to discover

The world seems to go faster every year, and yet nothing seems slower than the speed at which paychecks are distributed. In the United States, work done the day after a pay period will take just two weeks to process, with a check or direct deposit arriving a week or …

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Grant County Organizations Create Loan Program to Replace Emergency Payday Loans

Ella Abbott Two organizations are teaming up to provide small loans to residents of Grant County, in an effort to discourage the use of high interest payday loans. The “Bridge the Gap” loan program aims to create better financial literacy and help residents lift themselves out of poverty. Grant County …

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Cobra Payday Loans, the trading arm and sub-brand of Ready Money Capital Limited provides exceptional financial lending services across the UK

Exeter, UK, December 15, 2020 (GLOBE NEWSWIRE) – Obtaining loans and making financial decisions is often a daunting task for many. Some just don’t have enough understanding, some lack the right advice, while others just don’t have the references to borrow. UK-based financial solutions provider Cobra Payday Loans solves all …

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Payday loans in Texas carry an average interest rate of 600% – CBS Dallas/Fort Worth

FORT WORTH (CBSDFW.COM) – As millions of Americans struggle to pay bills, various payday lenders are offering relief in the form of quick cash. But these deals could end up costing long-term borrowers much more. READ MORE: Corsicana pastors have known the victims of a quadruple murder for more than …

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Are payday loans safe for consumers?

The payday loan racket may have gotten tougher for lenders, but it remains treacherous for consumers. Last week, the Consumer Financial Protection Bureau announced a new set of protections for borrowers using these services. Financial experts and consumer advocates have sharply criticized the payday loan industry for its predatory practices …

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Payday loans are debt traps for millions of Australians: report

picture by Christopher Windus to Unsplash A new report has revealed that just over 4.7 million individual payday loans were taken out between April 2016 and July 2019, worth approximately $3.09 billion. These “predatory” loans were taken out by around 1.77 million Australian households and generated around $550 million in …

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EcoCash launches instant loans | The Chronicle

The Chronicle Business journalistECONET Wireless Zimbabwe’s mobile money transfer unit, EcoCash, has introduced instant loans of up to $ 100 accessible via mobile phone. The facility, which provides immediate nano-loans, is offered as part of a partnership between EcoCash, the fintech arm of Econet Cassava SmarTech and Steward Bank, which …

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HFC Launches Digital Banking Platform With Instant Loans And More

HFC Managing Director Sam Waweru (left) shows HF Group Chairman Steve Mainda (center), HF Group Managing Director Frank Ireri how to activate HF Whizz, the bank’s new digital banking solution. It has become a normal trend for local banks to adopt an online platform / app for their customers – …

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