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US companies and governments are hesitan...

Recent spikes in bond yields have companies and governments reluctant to borrow across a wide range of U.S. debt markets, signaling that expected Federal Reserve rate hikes and fears of stagflation are already slowing the flow of credit across the country. the economy. State and local governments are only expected to sell $6 billion in […]

Things to Consider Before Applying for I...

Installment loans are the fastest and one of the most effective ways to help you meet urgent needs such as medical bills or a quick solution to your liability. However, there are some things you need to consider before deciding to get one. Installment loans are loans issued to your account by a lender as […]

CUANM-backed interest rate bill signed i...

New Mexico Governor Michelle Lujan Grisham signed a bill backed by the New Mexico Association of Credit Unions to cap the interest rate on installment loans on March 1. HB 132 reduced the maximum annual interest rate on installment loans to 36% (down from the previous 175%). “This bill is a victory for hardworking families […]

OppFi sues California commissioner over ...

William_Potter/iStock via Getty Images OpFi (NYSE:OPFI)which provides technology to banks to offer installment loans, has filed a lawsuit against the California Department of Financial Protection and Innovation Commissioner. The company is seeking a ruling that the state interest rate cap law does not apply to loans issued by OppFi banking partners (OPFI) and managed through […]

REGIONAL MANAGEMENT CORP. MANAGEMENT RE...

The following discussion and analysis should be read in conjunction with, and is qualified in its entirety by reference to, our audited consolidated financial statements and the related notes that appear in Part II, Item 8, “Financial Statements and Supplementary Data” in this Annual Report on Form 10-K. These discussions contain forward-looking statements that reflect […]

Gen Z borrowers are becoming a bigger fo...

Written by Penelope Graham As the Canadian housing market hit new frenzied highs during 2021, it’s no surprise that the number of new mortgages taken out has also increased – but what’s perhaps surprising is that the Gen Z age group (those born between 1995 and present) consistently make up a larger share of these […]

The interest on my tax debt is accumulat...

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. The Credible Money Coach offers insight to […]

Understanding Your Credit Score: What Ma...

By SociallyIn, Sponsored Content Your credit score plays an important role in your financial situation. It can affect your ability to get credit cards, rent an apartment, qualify for a mortgage, or even find a job. Your FICO score is made up of five different factors: payment history, amount of debt, length of credit history, […]

Victory at Last: Legislature Approves Bi...

New Mexico lawmakers took a giant step Wednesday toward shutting down a few hundred businesses. They went from timid to tough-minded in a month, finally taking action to end more than three decades of legal loan sharking in New Mexico. By approving House Bill 132, the Legislature sided with the residents of the state instead […]

New Mexico House approves bill targeting...

SANTA FE, NM (AP) — New Mexico House lawmakers have approved legislation to discourage predatory lending by lowering the state cap on annual interest rates for storefront loans. Democratic State Rep. Susan Herrera of Embudo is sponsoring a bill that would lower the maximum interest rate on storefront loans to 36%. At the same time, […]

Regulators urged to ban predatory FinTec...

A coalition of lobby groups wants U.S. regulators to look more closely at banks’ partnerships with FinTechs to charge predatory interest rates that would otherwise be illegal in lenders’ home states, Bloomberg reported on Friday (February 4). In one letterthe National Community Reinvestment Coalition, the NAACP and several other groups said the Federal Deposit Insurance […]

President Egolf finally steps up predato...

No one would encourage a politician who took a stand in 1975 for the desegregation of water fountains and public toilets. Segregation of public facilities was prohibited by the Civil Rights Act of 1964. The best I can say about a desegregation laggard is that he has decided to move on to the good side […]

What Is an Installment Loan?

An installment loan is described as a kind of loan that is paid back by the borrower through regular installments. The loan is returned by equal installments each month, which are a proportion of principal as well as interest. It’s the most popular type of financing for consumers which can be utilized to finance expensive purchases like […]

Edge browser users angry after Microsoft...

Picture: Microsoft Microsoft can’t help but undermine itself, it seems. After launching the new Edge browser last year to much praise, Microsoft apparently went out of its way to ruin it, including the imposition of unwanted features and intrusive restrictions. The latest blunder embeds a short-term fundraising app directly into Edge, a move users are […]