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Forex exchange market
Foreign exchange reserves decline after three months of gains
By Crystal Hsu / JournalistThe country's foreign…
Rupee gains for 5th consecutive session to settle at 74.15 / USD
The rupee rose 2 peas to close at 74.15 (provisional) against the US dollar, marking its fifth straight session of gains on Friday, following the RBI's monetary policy announcement. In the interbank forex market, the rupee opened at…
Protecting Ohioans From Predatory Payday Lenders
Brown 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…
Rupee gains 6 paise to close at 74.28 against the US dollar
The rupee rose 6 paise to close at 74.28 (provisionally) against the US dollar on Tuesday amid a strong trend in domestic stocks and a weak US currency. The rupee has moved within a narrow range ahead of the Reserve Bank of India…
If you are day trading you will probably lose money: here’s why
Day trading has become a popular pastime over the past year, with investors around the world facing economic shutdowns and social distancing measures. But while day trading may seem like a fun way to earn extra income or even…
CFPB May Fulfill $ 50 Million Order Against Online Lender, CEO
Law360 (July 30, 2021, 5:31 p.m. EDT) - A Kansas federal judge on Friday accepted the Consumer Financial Protection Bureau's offer to enforce an administrative order for more than $ 50 million in restitution and fines against a…
Martin Lewis’s MoneySavingExpert reveals how to claim thousands of dollars from payday lenders…
MARTIN Lewis' MoneySavingExpert revealed how to recover thousands of pounds from payday lenders after a reader was paid back £ 9,300. Consumer Champion urges borrowers who have already taken out a loan, paid a bank account or overdraft…
Repeal of “real lender” banking rule hurts those most in need of credit
President Biden recently signed a congressional review bill resolution repeal the “real lender” rule promulgated by the Office of the Comptroller of the Currency (OCC). He explained how the action would prevent loan sharks and online…
Payday lenders target communities of color. But fintechs offering small loans and flexible wages…
Payday lenders are concentrated in minority neighborhoods.Nati Harnik / AP ImagesPayday lenders are targeting black and Latin communities, creating more stores in minority neighborhoods. But for those who live paycheck to paycheck,…
Congress repeals Trump-era payday lender rules
NEW YORK - Congress on Thursday overturned a set of regulations enacted in the closing days of the Trump administration that effectively allowed payday lenders to avoid state laws capping interest rates. The House voted 218-208…