Posts in category

Financial institutions


The memorandum calls for more resources, legislation, and interagency and cross-border coordination to significantly strengthen anti-corruption law enforcement in the United States. On June 3, 2021, President Biden released a memorandum declaring anti-corruption efforts “a fundamental interest of the national security of the United States” and announcing a plan to “significantly strengthen” anti-corruption enforcement. While …

Amazon, Facebook, Tesla and Berkshire Hathaway are not communicating climate change data to their shareholders, according to a coalition of prominent investors, which demands that 1,320 companies make clearer disclosures about environmental risks. Fears that climate change could cause catastrophic environmental damage are fueling demands from institutional investors and regulators for companies to step up …

The Biden administration launches the biggest fiscal expansion ever, injecting $ 1.9 trillion into the US economy. This amount is equivalent to about 9% of gross domestic product. The price sought is economic growth of 6.4% in 2021 and 3.5% in 2022. The unemployment rate will be halved, from 8.1% to 4.2% if the fiscal …

MINNEAPOLIS (WCCO) – A new program launched on Juneteenth takes a different approach to helping one of Minnesota’s biggest problems – the racial disparity gap. It is also helping young people to embark on financial success. Tiarra Gordon, one of Starbucks’ newer baristas, is enjoying her first job and the paychecks that come with it… …

Hawaii Governor David Ige signed a bill on Tuesday that will cap interest rates on payday loans at 36% within the state. But this new law, which will come into force on January 1, 2022, goes beyond the simple cap on the maximum authorized interest. It will also force the licensed sector to offer installment …

Each person strives to meet their needs as much as possible and to surround themselves with all the good practical things. This applies to both repairs and purchases. But not everyone can afford to upgrade their wardrobe or buy a new phone for cash. This is what installment loans are invented for. They are designed …

LOS ANGELES, June 14, 2021 / PRNewswire / – Two common types of debt are installment loans and revolving credit. Both can be used for a variety of purposes, from personal expenses to debt refinancing and more. Borrowers complete a credit application and go through a formal credit check to be considered for either, and …

Private label credit card issuer Alliance Data Systems was in dire straits last year with its heavy exposure to the apparel industry, which saw the biggest drop in sales of any retail category during the first phase of the pandemic. But as retail partners Forever 21 and Pier 1 Imports filed for bankruptcy and longtime …

WEST READING, PA & SAN MATEO, CA – (COMMERCIAL THREAD) – Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced that Customers Bank, a full-service community super bank and a subsidiary of Customers Bancorp, Inc. (NYSE: CUBI), has grown and expanded its banking partnership with Upstart to expand its personal loan program …

Illinois has joined the growing number of states that have limited high-cost payday loans, but it’s taken a different path to get there: state house. Illinois Governor JB Pritzker (D) signed a law on March 23 that caps interest rates on payday loans, auto title loans and installment loans at 36%. Similar efforts in other …