Monthly Archives: March 2021

CBOT Homeowners Refinance With $ 256 Million Loan

The owners of the Chicago Board of Trade Building couldn’t find a buyer for the Loop monument last year, but they provided for a salary by refinancing the property instead. A joint venture between Chicago-based developer GlenStar Properties and Los Angeles-based private equity firm Oaktree Capital Management has taken out …

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ZayZoon Proposes To Shake Up The Payday Loan Market

ZayZoon, a Canadian startup promising to tackle the payday lending industry through an app that allows workers to borrow money and have it automatically repaid through their paychecks, has won the Fintech Cup and 20,000 $ at the Payments Panorama conference. The Calgary-based squad – which beat four other finalists …

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Maple Ridge bans new payday lending centers

New payday lending centers that promise short term loans and instant cash are now prohibited from being opened in Maple Ridge, BC. There are currently six such businesses in the city, but the city council recently passed a bylaw prohibiting any new businesses from setting up. Councilor Tyler Shymkiw, who …

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Payday lender charging 500% interest sued

Payday lender Moola, which charges interest rates of over 500% per annum, faces legal action for its lending practices. Trade Commission is suing Fintech Limited, which operates as Moola, in the High Court and alleged that the company violated responsible lending practices under the Credit Contracting and Consumer Finance Act …

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