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1 in 2 Australians think lenders should monitor borrowers’ financial health
Half of Australians believe credit providers should proactively monitor the financial health of their customers to anticipate difficulties, according to a new survey.
The study by news service firm…
Singapore’s DBS increases payments as other lenders recover from COVID
SINGAPORE - Banks in Singapore eased their purse strings this week to reward investors on strong second quarter results, showing they are confident the recovery from COVID-19 remains on track despite setbacks in Asia.DBS Group Holdings,…
Online lender Kakao to debut on the stock exchange
KakaoBank logo (KakaoBank)South Korea's internet-only bank is expected to debut on the country's main stock market this week as part of one of this year's mega initial public offerings.Kakao Bank will debut on the KOSPI market on…
Monterey Financial Services offers programs to work with lenders to help the underserved market with…
President and CEO of Monterey Financial Services
Monterey Financial
With thirty years of experience supporting clients and a reputation for integrity, Monterey Financial helps clients…
Protecting Ohioans From Predatory Payday Lenders
Too many Ohioans fall prey to payday lenders and car titles that trap them in a cycle of debt.
Businesses refuse to pay their employees enough to pay the bills, and the big banks won't give out small loans to help people with unexpected…
Confidential to Consumers: California Usury Act caps lending rates. Oddly, most lenders are exempt…
Rae Walker scratches his head on his credit card bill.“I have noticed,” she told me, “that the interest…
State Usury Law caps lending rates, but most lenders are exempt
Rae Walker scratches his head on his credit card bill.“I have noticed,” she told me, “that the interest charged exceeds what seems appropriate for the California Usury Act,” which caps the allowable interest rate for consumer loans at $ 10.…
“Rent a bank” fades for payday lenders
The regulatory eye on payday loans is tightening. To this end, as reported by the Associated Press, Congress voted to overturn Trump-era regulations that allow payday lenders to circumvent state laws that cap interest rates.
In terms of…