Social Funds

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 loan companies offering clients up to £ 1,000 if they convince friends to lend money with huge interest rates

Exclusive: But consumer watchdogs have lambasted companies such as Amigo Loans and BrightHouse for the ‘unethical’ practice BrightHouse high interest loan company is offering £ 220 if people introduce friends and family ( Image: MANCHESTER EVENING NEWS) Lenders offer clients money to attract friends and family to their books. High …

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Unique model earns Cooper’s Hawk a big salary

It may not be entirely correct to call Cooper’s Hawk Winery & Restaurants a chain of restaurants, not in the traditional sense. And that’s why the company was able to achieve a meteoric valuation in its sale agreement with Ares Management. The private equity firm pays more than $ 700 …

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Battle Brewing Over Ohio Payday Lending Bill

A battle is brewing for payday loans in Ohio. There are more than 650 storefronts in the state, but the industry argues that a new bill threatens to shut them all down. However, consumer advocates say payday loans have circumvented state law for years to prey on desperate borrowers. Denise …

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Google Ventures backs LendUp to rethink payday loans

A startup called Flurish Inc., better known as LendUp, has raised $ 14 million in Series A funding to provide an online alternative to traditional payday loans, according to co-founders Sasha Orloff and Jacob Rosenberg. Google Ventures led the investment in LendUp, joined by Data Collective and QED Investors. The …

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Alabama judge dismisses payday lender lawsuit

Archive photo (Source: WSFA 12 News) MONTGOMERY, AL (WSFA) – A Montgomery County Circuit Court judge dismisses a lawsuit filed by payday lenders seeking to challenge the state’s creation of a central database to track loans . Payday loans are short-term, often high-interest loans with rates as high as 456%. …

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Payday lender settles with North Carolina AG for $ 825,000

On January 27, the North Carolina Attorney General ad that a Florida-based payday lender (lender) agreed to pay $ 825,000 to settle allegations of usury, unlicensed loaning, illegal debt collection and unfair and deceptive practices in violation of the laws of the State on consumer protection. According to the announcement, …

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City considers new rules for payday loan companies

Breadcrumb Links Local News Author of the article: Michelle ruby Release date : November 14, 2019 • November 14, 2019 • 3 minutes to read • Join the conversation Brantford City Council wants to put new limits on the number and location of payday lending establishments. Photo by Brian Thompson …

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The officers and directors of CURO Group Holdings Corp. investigated for allegedly misleading statements regarding short-term payday loans

SAN FRANCISCO, April 20, 2020 / PRNewswire / – Schubert Jonckheer & Kolbe LLP is investigating potential shareholder claims over derivatives on behalf of shareholders of CURO Group Holdings Corp. (NYSE: CURO) regarding the company’s statements regarding its 2018 transition from short-term payday loans in Canada – the company’s most …

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Usurers operate inside businesses

As South Africa tries to extricate itself from the second wave of Covid-19 a year after entering a strict lockdown, it is evident that the pandemic has kept a magnifying glass on the fault lines of our society. The perpetual payday debt trap is one such loophole, and it is …

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Alternative IQ’s “Winners Showcase Investor Conference” is live this year. Investors, investment advisors and industry experts will review 5 award-winning Canadian hedge funds.

Toronto, Ontario – (Newsfile Corp. – February 23, 2021) – Alternative IQ announces a 1.5-hour virtual conference where investors, investment advisers, family offices, institutional investors and experts from The hedge fund industry hears from some of Canada’s brightest and best experts their wallets. A very timely conference, amid the volatility …

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