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Kopa Runescape 2 Gold
Alternative currencies

Bibox partners with Nuvei To E

Gilbert M. Mills Jun 28, 2022
Modern currencies

Currency Counting Machine Market Outlook 2022 and Growth by Top Key…

Local currencies

Debt Crisis Threatens Developing Countries Amid ‘Perfect…

Alternative currencies

Singapore warns of ‘brutal and relentlessly tough’ crypto…

Currency convertibility

Moody’s Affirms US Aaa Rating; maintains a stable outlook

Alternative currencies

Solana’s Network Crashed This Week, But Developers Say Altcoin DeFi Still On Track To Succeed…

Gilbert M. Mills Sep 18, 2021 0
In this photo illustration of a Solana logo displayed on a smartphone with a binary code on a laptop screen Omar Marques / SOPA Images / LightRocket via Getty ImagesSolana attracted developers as a faster and cheaper!-->…
Modern currencies

EV Jagat launched to inaugurate electric vehicle ecosystem in India, Auto News, ET Auto

Gilbert M. Mills Sep 18, 2021 0
EV Jagat intends to reach the interior of India and help establish the importance of electric vehicles there. Mumbai: Powered by government consulting firms and pillars of the EV field, EV Jagat is launched to the public. EV Jagat is a…
Currency convertibility

Russia, China and EU push for de-dollarization: will India follow suit?

Gilbert M. Mills Sep 18, 2021 0
In the Brundtland Report, the United Nations defined sustainable development as development that meets current demands without compromising the ability of future generations to meet theirs. It is based on the assumption…
Modern currencies

Today’s world demands sustainability – Modern diplomacy

Gilbert M. Mills Sep 18, 2021 0
In the Brundtland Report, the United Nations defined sustainable development as development that meets current demands without compromising the ability of future generations to meet theirs. It is based on the assumption…
Local currencies

Naira trades N412.88 / $ 1 as CBN Roars at Illegal FX Traders

Gilbert M. Mills Sep 18, 2021 0
By Adedapo Adesanya The Naira appreciated against the greenback on Friday in the Investor and Exporter (I&E) segment of the forex (FX) market as the Central Bank of Nigeria (CBN) said it no longer recognizes exchange…
Modern currencies

The best Bitcoin trading platforms for professional traders to use

Gilbert M. Mills Sep 17, 2021 0
With the popularity of bitcoin, people are rushing to brokers to invest. They are crazy and they are out of control. However, they don't have to go to impostors to!-->…
Alternative currencies

Take A Quick Look At Crypto Week – Bitcoin Plunges But Starts To Rise

Gilbert M. Mills Sep 17, 2021 0
The latest updates are drawing the attention of bitcoin analyzers to take a quick look at last week's results. This is by no means appreciable due to the sudden drop in!-->…
Local currencies

South African Rand, stocks fall on strong dollar, commodity prices drop

Gilbert M. Mills Sep 17, 2021 0
JOHANNESBURG, Sept. 17 (Reuters) - The South African rand weakened on Friday, reversing some initial gains and was expected to end the week with an overall loss of nearly 3.8% as the US dollar rose and weak data national economies…
Currency convertibility

IFSCA in the process of creating an International Arbitration Center at GIFT IFSC

Gilbert M. Mills Sep 17, 2021 0
The International Financial Services Centers Authority (IFSCA) is setting up an international arbitration center within the IFSC GIFT for a swift resolution of any dispute, its president Injeti Srinivas said on Friday. The IFSCA…
Currency convertibility

If the post-1971 monetary system is bad, why isn’t gold higher?

Gilbert M. Mills Sep 17, 2021 0
Second, financial markets are big supporters of the current monetary systembecause they like the lax monetary policy and the liquidity drops of the central banks. Remember, the US stock market welcomed the closing of the window on gold,…
Alternative currencies

How Advisors Can Embed Cryptocurrencies Into Client Portfolios

Gilbert M. Mills Sep 17, 2021 0
A new day, a new article on cryptocurrency. Stories about volatility, service providers and regulatory challenges grab the headlines. This leads to increased investor interest in all…
Local currencies

Looming inflation and how to protect yourself from it

Gilbert M. Mills Sep 17, 2021 0
There are many ways to successfully hedge against inflation, one of which is to invest heavily in an asset class that has the potential to outperform the market during the time of inflation. Gold is a real world asset that is able to…
Currency convertibility

50 years since the closing of the “golden window” (part II) – Oped – Eurasia Review

Gilbert M. Mills Sep 17, 2021 0
The lasting impact of the Nixon shock The economic and monetary consequences of Nixon's decision to end the convertibility of the US dollar into gold are as numerous as they are severe. It marked the start of five decades of monetary…
Modern currencies

Critics Fear SEC Gensler Seeking ‘Unlimited Powers’ In Crypto Regulation

Gilbert M. Mills Sep 16, 2021 0
Securities and Exchange Commission Chairman Gary Gensler ruffled the cryptocurrency community when he refused to exclude the regulation of stablecoins as securities in a hearing before the Senate Banking Committee on…
Local currencies

Online gambling everywhere

Gilbert M. Mills Sep 16, 2021 0
Online gambling has emerged as a major threat stretching from urban to remote rural areas, as various racket rackets…
Alternative currencies

The seductive promise of decentralized finance

Gilbert M. Mills Sep 16, 2021 0
Sep 18, 2021THE SCEPTICAL have a lot of forage. Early users of bitcoin, the original cryptocurrency, used it to buy drugs, while cyber hackers are now demanding their ransom. Hundreds of millions of dollars of ether, another digital…
Modern currencies

Paydek Expands Presence in Latin America and Africa via RippleNet

Gilbert M. Mills Sep 16, 2021 0
On-demand work has created new financial opportunities, benefiting both individuals and local economies. In just two years, the industry is expected to grow into a $ 455 billion market, as freelancers and independent…
Local currencies

TETFUND and the call for local training of academics, By Zubaida Baba Ibrahim

Gilbert M. Mills Sep 14, 2021 0
At this point in our national life, there is a need for various higher education institutions in Nigeria to review and assess the cost of staff training and further look for cost effective ways to build…
Alternative currencies

It’s time to regulate the crypto market

Gilbert M. Mills Sep 14, 2021 0
Even though the digital payment method is becoming the preferred mode in financial transactions, it is the use of virtual currencies, commonly known as cryptocurrencies, that is causing a stir in the Indian monetary system. Here, it…
Modern currencies

Some lessons to be drawn from the American economic experiment

Gilbert M. Mills Sep 14, 2021 0
The conversation about economic policy in the United States has changed dramatically in the space of just a few years. Neoliberalism, the Washington Consensus, market fundamentalism - call it what you want - have been…
Local currencies

“Cryptocurrencies are an El Dorado for those who know how to use them”, Alexander…

Gilbert M. Mills Sep 10, 2021 0
The popularity of cryptocurrencies is increasing all over the world. While a few years ago cryptocurrencies were used almost exclusively for speculative trading, today bitcoin and some altcoins are used as a means of…
Modern currencies

Stern’s pinball machines get game console features

Gilbert M. Mills Sep 7, 2021 0
Movie cinemas endured financial hardship during the pandemic confinements, but imagine which arcades, which were already on the verge of extinction due to home consoles, had to endure. TO encourage pinball players to return to their local!-->!-->!-->!-->!-->…
Alternative currencies

Trading Places: Another Goldman Banker at the BoE, plus moves at Schroders, Baillie Gifford, IoD

Gilbert M. Mills Sep 3, 2021 0
The era of Andy Haldane as bank of englandThe chief economist of has officially ended, as Threadneedle Street has appointed its replacement. Huw Pill will fill Haldane's big shoes, reporting to Deputy Monetary Policy Governor Ben…
Local currencies

Afghan women demand their rights as Taliban demand approval

Gilbert M. Mills Sep 3, 2021 0
Kabul, Afghanistan (AP) - A small group of Afghan women protesting near the presidential residence in Kabul on Friday as the new Afghan leader strives to form a government and gain international approval. Demanded equal rights for the…
Modern currencies

Cellulant and Gainde 2000 join forces to improve Africa’s business environment

Gilbert M. Mills Sep 3, 2021 0
Cellulant has entered into a 5-year partnership with Senegal-based GAINDE 2000 to deliver end-to-end Pan-African technology infrastructure and payment solutions for trade, revenue and tax collection for governments and multinational…
Alternative currencies

Despite his shortcomings, Jerome Powell should be reappointed as Fed chairman

Gilbert M. Mills Aug 27, 2021 0
August 28, 2021WGROUP NOMINATION the chairman of the Federal Reserve, the US president chooses the person who wields the greatest immediate power over the world economy. The Fed's leadership brings with it control of US interest rates,…
Local currencies

Bitcoin fever hits Honduras with first cryptocurrency ATM

Gilbert M. Mills Aug 27, 2021 0
Aug. 27 (Reuters) - The first cryptocurrency ATM in Honduras opened this week as bitcoin backers sought to boost demand for virtual assets after neighboring El Salvador became the first country to establish the bitcoin as legal tender.The…
Currency convertibility

Are cryptocurrencies interconvertible? Looked

Gilbert M. Mills Aug 27, 2021 0
In India, crypto finance is a gray area and most companies prefer cash or e-commerceCryptocurrency is becoming more and more popular with each passing day. From young entrepreneurs to global business tycoons, all have been…
Currency convertibility

CBDC launches unlikely to condemn dollar dominance

Gilbert M. Mills Aug 22, 2021 0
Mid-August marked the 50th anniversary of the 'Weekend that Changed the World' when US President Richard Nixon suspended dollar-to-gold convertibility at a fixed price and rang the curtain on the Bretton International…
Local currencies

The strength of the US dollar holds, but will it remain so after the fall of Afghanistan?

Gilbert M. Mills Aug 22, 2021 0
Mark Sievers: Wealth MattersFifty years have passed since President Richard M. Nixon changed the US monetary system by suspending the conversion of US dollars to gold and allowing the rate to float. The elimination of…
Modern currencies

Initiative to boost exports and create entrepreneurial economies in Africa

Gilbert M. Mills Aug 22, 2021 0
Across today's faltering world, often two key questions; who will come first, the next financial crisis or the next election. With some 100 national general elections slated for the next 500 days, at least in Canada, Prime…
Alternative currencies

PIA: Financial Experts Increase Prospects for Foreign Exchange Market Stability

Gilbert M. Mills Aug 22, 2021 0
The enthusiasm for the entry into force of the long-awaited Petroleum Industry Law has sparked a new wave of optimism that the planned wave of investment in the petroleum sector and the planned removal of fuel!-->!-->…
Alternative currencies

How does cryptocurrency work – and why do we use it?

Gilbert M. Mills Aug 20, 2021 0
Cryptocurrency is a kind of digital currency designed to be secure and, in many cases, anonymous. It is a currency associated with the Internet that uses cryptography, the process of converting readable information into almost…
Local currencies

Rand collapses as global markets scare

Gilbert M. Mills Aug 20, 2021 0
The rand was the worst performing emerging market currency this week. On Friday morning, the rand fell nearly 3% to R15.39 / $ -…
Currency convertibility

ESG statements by investment firms could do more harm than good

Gilbert M. Mills Aug 20, 2021 0
For those who sell responsible investment funds, the pandemic has turned out to be a marketing giveaway. Covid was a 'sustainability' crisis that should focus investors' attention on the looming biggest climate change crisis, fund!-- >…
Local currencies

How cryptocurrency is trendy

Gilbert M. Mills Aug 17, 2021 0
“Cryptocurrencies are extremely easy to implement in any business model” - Joe Downie, CMO of NiceHash. At the start of the year, the value of bitcoin was above the £ 41,180 mark. Now, as…
Modern currencies

The five best stablecoins to watch in 2021

Gilbert M. Mills Aug 17, 2021 0
Stablecoins are all the rage. Even Congress is getting involved. The rise of these tokens as notional stores of corresponding value that combat the volatility inherent in crypto markets has resulted in a meteoric increase in their total…
Alternative currencies

The Central Bank of Ghana is a strong partner in digital currencies

Gilbert M. Mills Aug 17, 2021 0
Bank of Ghana has signed a pilot agreement with Giesecke & Debrient (G + D) Central Bank Digital Currency (Retail CBDC), Ghana, West Africa.G + D provides technology that meets Ghana's requirements and develops solutions. The…
Local currencies

Ringgit opens slightly lower against the US dollar | Silver

Gilbert M. Mills Aug 17, 2021 0
At 9 a.m., the local note stood at 4.2370 / 2400 against the greenback from yesterday's close at 4.2350 / 2390. - Photo by Hari Anggara KUALA LUMPUR, Aug 17 The ringgit opened slightly lower against the US dollar today as political…
Modern currencies

Digital Business Transactions – What’s Next? | Sullivan and Worcester

Gilbert M. Mills Aug 17, 2021 0
On the latest trade and export finance webinar, Geoff Wynne, Head of Trade and Export Finance Group and Sullivan's London office, presented recent developments in digital options available in trade finance, including including…
Currency convertibility

Sprott Gold Talk Radio looks back at the end of Bretton Woods

Gilbert M. Mills Aug 16, 2021 0
August 15the, 1971, Richard Nixon ended the Bretton Woods agreements by suspending the convertibility of the US dollar into gold. As the world passes the 50e anniversary of this historic event, Sprott Gold Talk Radio host Ed Coyne…
Modern currencies

Cryptocurrency: Stark Warning As Investors Said To Be Ready To “Lose All Their Money” |…

Gilbert M. Mills Aug 14, 2021 0
One of the biggest issues for those who study cryptocurrencies is the risk factor and the large amount of scams involving these hard to find currencies. David Woodward, Managing Director of Woodward Financials, told Express.co.uk in an…
Alternative currencies

Why is the cryptocurrency market so volatile?

Gilbert M. Mills Aug 14, 2021 0
As of December 2020, Bitcoin was trading around $ 20,000 (around Rs. 14.85 lakh). In January of this year, he crossed $ 40,000 (around Rs. 29.70 lakh). Continuing its bull run, it hit an all-time high of $ 65,000 (around…
Local currencies

Bitcoin will solve Triffin’s dilemma

Gilbert M. Mills Aug 13, 2021 0
…
Forex exchange market

Payday lender saves more time in insolvency to pay

Gilbert M. Mills Aug 12, 2021 0
Law360, London (Aug 12, 2021, 4:07 p.m. BST) - A London judge gave collapsed payday lender QuickQuid another year to wrap up its administration on Thursday, after its directors said dealing with customer complaints turned out to be…
Local currencies

Buying Bitcoin is like stepping into a minefield, Bank of Russia director says

Gilbert M. Mills Aug 12, 2021 0
The Russian central bank has once again reiterated its negative stance on Bitcoin (BTC), with one of the bank's top executives comparing the cryptocurrency to a pyramid scheme.Sergey Shvetsov, First Deputy Governor of the Bank of Russia,…
Forex exchange market

Door lender Provident Financial sees losses widening amid indemnity frenzy

Gilbert M. Mills Aug 11, 2021 0
Subprime lender Financial foresight saw his statutory losses reach £ 44.2million in the first six months of this year.But, excluding its consumer credit division, the group's adjusted profit jumped to £…
Alternative currencies

ASI President views central bank digital currencies as a satanic ploy

Gilbert M. Mills Aug 9, 2021 0
According to the president of the ASI, the digital currencies of the central bank come from Satan. And Bitcoin is not an alternative to money but a speculative financial asset. ASI is a company that started in…
Forex exchange market

Rupee ends 5-day winning streak, loses 11 paise against US dollar

Gilbert M. Mills Aug 9, 2021 0
Halting its five-session winning streak, the rupee fell 11 paise on Monday to close at 74.26 (tentative) against the US dollar, following the firm US dollar. In the interbank forex market, the national currency opened at 74.21…
Local currencies

Using a crypto lending app to bring financial services to excluded groups in Africa – Bitcoin…

Gilbert M. Mills Aug 9, 2021 0
In much of Africa, many people still do not have access to basic financial services for many reasons. One of the reasons is that financial…
Modern currencies

Urban Television Network Corp Stock Symbol Urbt to Launch Crypto Mining Operation

Gilbert M. Mills Aug 9, 2021 0
SANTA FE SPRINGS, CA / ACCESSWIRE / August 9, 2021 / Urban Television Network Corp. (OTC PINK: URBT) is looking to expand its operations, it has made a foray into the digital money markets and proudly announces that it will be…
Currency convertibility

Rise in stable coins echoes Bretton Woods

Gilbert M. Mills Aug 9, 2021 0
Cryptocurrency UpdatesSign up for myFT Daily Digest to be the first to know about cryptocurrency news. Ousmène Jacques Mandeng is director of the consultancy boutique Economics Advisory Ltd and visiting…
Alternative currencies

Smart rupee: transformation at heart

Gilbert M. Mills Aug 9, 2021 0
The smart rupee is a non-disruptive way to bring virtual currencies into the Indian economy and make transformative changes in the banking system. The rupee-centric approach avoids the need for a new national cryptocurrency or the…
Modern currencies

Primefin Reviews for Online Forex Exchange Guide – Overview

Gilbert M. Mills Aug 8, 2021 0
Newcomers view FX as risky trading which is volatile with frequent changes in the prices of foreign currencies to be traded. They depend on their luck and therefore often these recruits have to face many obstacles.!-->…
Local currencies

Short position – Syariah boost for SMEs, promising prospect

Gilbert M. Mills Aug 6, 2021 0
Boost to Syariah for SMEsAn easy-to-use syariah compliance toolkit for unlisted micro, small and medium enterprises (MSMEs) and crowdfunding platforms is a!-->…
Forex exchange market

Naira loses in official black markets

Gilbert M. Mills Aug 6, 2021 0
The naira fell against the US dollar at official and unofficial rates on Friday, according to data released on both trading sessions. According to abokiFX.com, the local currency closed at N 510.00 for $ 1…
Forex exchange market

Payday lender groups oppose lifting of CFPB rule suspension

Gilbert M. Mills Aug 6, 2021 0
Law360 (Aug 6, 2021, 5:25 p.m. EDT) - Two trade groups representing payday lenders implore a Texas federal judge to dismiss the Consumer Financial Protection Bureau's petition to lift a 2018 suspension on its lending regulations on…
Local currencies

Nigerians Move Nearly $ 40 Million In P2P Bitcoin Trading In One Month

Gilbert M. Mills Aug 6, 2021 0
Bitcoin trading has always been widely adopted in countries with rapidly depreciating currencies. Nigeria, a country in West Africa, has always been at the forefront of BTC adoption in the region. The combination of a large population…
Forex exchange market

Foreign exchange reserves decline after three months of gains

Gilbert M. Mills Aug 6, 2021 0
By Crystal Hsu / Journalist The country's foreign…
Currency convertibility

RBI’s model on India’s digital currency could be released by end of 2021

Gilbert M. Mills Aug 6, 2021 0
The Reserve Bank of India (RBI) said on Friday that it could release a central bank digital currency (CBDC) model as soon as the end of this year. Speaking at the post-monetary policy press conference, Deputy Governor T Rabi…
Modern currencies

what Ronnie Flynn says about these INNOVATIONS

Gilbert M. Mills Aug 6, 2021 0
Today it will be Vuuzle Media Corp Limited - an international company, under the roof of progressive and promising new ideas for the media. Vuuzle Media Corp Limited Founder Ronnie Flynn points out that people will buy not only your…
Forex exchange market

Rupee gains for 5th consecutive session to settle at 74.15 / USD

Gilbert M. Mills Aug 6, 2021 0
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…
Alternative currencies

First victim of Bitcoin: fiat currencies or the planet’s environment? – Doha News

Gilbert M. Mills Aug 6, 2021 0
Bitcoin is under close scrutiny for its large environmental footprint. As millennials point to cryptocurrency as the future of money while simultaneously campaigning for better environmental policies, some have questioned whether the two…
Currency convertibility

Examining the Impact of Exchange Rate Volatility in Nigeria

Gilbert M. Mills Aug 6, 2021 0
Friday, Aug 06, 2021 / 8:50 a.m. / By FDC Ltd / Header image credit: Nasdaq Exchange rate stability is a major macroeconomic indicator used to measure the performance of an economy. The Nigerian forex market has undergone significant…
Local currencies

Taiwan’s foreign exchange reserves fell in July | Taiwan News

Gilbert M. Mills Aug 6, 2021 0
TAIPEI (Taiwan News) - In response to recent fluctuations in the world's major currencies against the US dollar, such as the euro and Japanese yen,…
Alternative currencies

Cardtonic & Patricia’s Glover App – Nigeria’s 2 gift card giants

Gilbert M. Mills Aug 5, 2021 0
…
Currency convertibility

Economic development and post-COVID recovery

Gilbert M. Mills Aug 5, 2021 0
Comprising many of Africa's poorest countries, the CFA franc zone faces particularly daunting economic development and growth challenges in the context of the ongoing COVID-19 pandemic. Encompassing 14 French-speaking West and…
Modern currencies

Amazon is considering cryptocurrency – but it won’t be Bitcoin

Gilbert M. Mills Aug 4, 2021 0
Amazon denied a report last week that the e-commerce giant intended to start accepting Bitcoin payments by the end of this year, but recognized an interest in the cryptocurrency. UK!-->…
Forex exchange market

Protecting Ohioans From Predatory Payday Lenders

Gilbert M. Mills Aug 4, 2021 0
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…
Forex exchange market

Rupee gains 6 paise to close at 74.28 against the US dollar

Gilbert M. Mills Aug 3, 2021 0
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…
Alternative currencies

Why the United States will not ban cryptocurrencies

Gilbert M. Mills Jul 30, 2021 0
Editor's Note: Today, our resident cryptocurrency expert Eric Wade returns to debunk a pervasive myth. In this room - which he recently shared in the Stansberry Digest, adapted from a June 18 Crypto capital update - he explains why the…
Forex exchange market

If you are day trading you will probably lose money: here’s why

Gilbert M. Mills Jul 30, 2021 0
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…
Local currencies

Ringgit bounces to finish higher against the US dollar | Silver

Gilbert M. Mills Jul 30, 2021 0
At 6 p.m., the local rating rose 170 basis points to close at 4.2190 / 2220 against the greenback from yesterday's close at 4.2360 / 2410. - Reuters photo KUALA LUMPUR, July 30 - The ringgit rebounded from yesterday's losses to…
Forex exchange market

CFPB May Fulfill $ 50 Million Order Against Online Lender, CEO

Gilbert M. Mills Jul 30, 2021 0
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…
Currency convertibility

“You will have a perfect and fair measure”

Gilbert M. Mills Jul 29, 2021 0
Then begins a new series of columns marking the 50th anniversary of the collapse of the Bretton Woods gold standard established in the closing months of World War II. A related editorial appears nearby. * * * The 50th anniversary of…
Forex exchange market

Martin Lewis’s MoneySavingExpert reveals how to claim thousands of dollars from payday lenders…

Gilbert M. Mills Jul 14, 2021 0
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…
Forex exchange market

Repeal of “real lender” banking rule hurts those most in need of credit

Gilbert M. Mills Jul 7, 2021 0
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…
Forex exchange market

Payday lenders target communities of color. But fintechs offering small loans and flexible wages…

Gilbert M. Mills Jun 30, 2021 0
Payday lenders are concentrated in minority neighborhoods. Nati Harnik / AP Images Payday lenders are targeting black and Latin communities, creating more stores in minority neighborhoods. But for those who live paycheck to paycheck,…
Forex exchange market

Congress repeals Trump-era payday lender rules

Gilbert M. Mills Jun 25, 2021 0
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…
Forex exchange market

Payday lender foils ASIC

Gilbert M. Mills Jun 24, 2021 0
The Federal Court dismissed an ASIC application alleging violations of consumer credit provisions by Cigno Pty Ltd and BHF Solutions, finding that the lending model they were applying did not violate the National Consumer Credit…
Forex exchange market

CFPB payday lender rule could have unexpected repercussions, sources say

Gilbert M. Mills Mar 30, 2021 0
Since President Joe Biden took office, CFPB's new leadership has not shied away from announcing aggressive plans to regulate consumer protection violations, ranging from restoring the fair loan unit…
Forex exchange market

Payday lender lines of credit and 47% installment loans create debt traps, critics say

Gilbert M. Mills Mar 5, 2021 0
Patricia Edwards, Toronto, wanted to help her two grown children when they couldn't pay the bills for the Toronto townhouse they share. Although she had no assets and a poor credit record, she was employed at that time. She turned to a…
Forex exchange market

Payday lender Moola to credit or repay $ 2.8 million to current and former borrowers

Gilbert M. Mills Mar 3, 2021 0
High-cost short-term lender Moola will credit or reimburse current and former borrowers $ 2.8 million, after reaching an agreement with the Trade Commission on its unreasonable credit and default charges. Photo: 123RF Moola…
Forex exchange market

Kansas City payday lender must pay restitution and penalty

Gilbert M. Mills Jan 25, 2021 0
!-->>-->!-->>-->…
Forex exchange market

Kansas City Payday Lender Pleads Guilty to Bankruptcy Fraud | Missouri News

Gilbert M. Mills Jan 20, 2021 0
KANSAS CITY, Mo. (AP) - The co-owner of a payday loan company in Kansas City pleaded guilty to one count of bankruptcy fraud related to his personal bankruptcy in 2015, in which prosecutors say that he hid over a million dollars in…
Forex exchange market

The business press mocks Beforepay and forgets that it is a payday lender

Gilbert M. Mills Nov 12, 2020 0
As tech-related stocks continue to bubble happily, it's not just ratings that have become out of touch with reality. Much like the great tech bubble of 1999, the founders are using the veneer of technology to try to convince speculators…
Forex exchange market

Judge: Kansas City payday lender set to repay $132.5 million

Gilbert M. Mills Sep 4, 2020
KANSAS CITY, Mo. (AP) — A judge has recommended that a Kansas City payday lender pay $132.5 million in restitution to borrowers it is accused of duping. The administrative law judge recently made the recommendation in the Consumer Financial…
Forex exchange market

Michigan Legislature Expected To Reject High-Cost Payday Lender Bill

Gilbert M. Mills Aug 5, 2020
Mich. Atti. General Dana Nessel, guest writerThe harms of payday loans have been well documented, and the Michigan Legislature is now poised to provide these lenders with another tool that could have a detrimental financial impact on our…
Forex exchange market

Hack of Payday Lender ‘Dave’: All 7.5 million users have been violated

Gilbert M. Mills Jul 27, 2020 0
Hackers hacked Dave.com a few weeks ago, disclose the personal information of all its users. And we're only finding out now.They called it a fintech unicorn. They said it was worth it a billion dollars. They look pretty dumb now, don't…
Forex exchange market

Former customers of payday lender PiggyBank could demand compensation

Gilbert M. Mills Jul 19, 2020 0
Up to 387,000 former clients of a collapsed payday lender could seek redress if they believe they have been sold an unaffordable loan. Directors of DJS (UK) Limited - which operated as PiggyBank - say they were…
Forex exchange market

Credit Strategy – Top Credit News by Credit Strategy

Gilbert M. Mills Jul 9, 2020 0
The Competition and Markets Authority (CMA) requires that loan statements be provided under the CMA's payday loan order. After being contacted by the CMA for the breach, Shelby Finance pledged to write off £ 527,863 for…
Forex exchange market

Payday lender Shelby Finance cancels £ 500,000 debt of hundreds of customers

Gilbert M. Mills Jul 7, 2020 0
Lender PAYDAY Shelby Finance has apologized to clients and written off £ 500,000 in loans after failing to provide statements to borrowers. The Competition and Markets Authority (CMA), which checks that companies behave…
Forex exchange market

CMA gets payday lender loan written off

Gilbert M. Mills Jul 7, 2020
The French Competition and Markets Authority (CMA) found that Shelby Finance failed to provide loan statement summaries to more than 15,000 customers between August 2018 and July 2019, despite being required to do so. under…
Forex exchange market

Payday Lender Sunny Goes Into Administration – What To Do If You Have A Loan Outstanding

Gilbert M. Mills Jun 29, 2020 0
Sunny Loans became the latest lender to bow to tighter affordability controls and an increase in compensation complaints from claims management companiesThe company has ceased its activities with immediate effect (Image: Getty)Payday!-->…
Forex exchange market

Payday Lender Drops Suit Challenging Paycheck Protection Program Loan Eligibility Burr &…

Gilbert M. Mills May 16, 2020 0
A payday lender recently filed a lawsuit against the Small Business Administration ("SBA") in the United States District Court for the District of Columbia regarding its Paycheck Protection Program ("PPP") loan application under the…
Forex exchange market

Missouri bill could stop city plans for payday lender fees

Gilbert M. Mills May 7, 2020 0
After years of debate, Springfield City Council voted on Monday to impose new regulations on payday lenders whose high interest rates can create a "debt trap" for desperate borrowers.Among the highlights was a plan to impose an annual…
Forex exchange market

‘Predatory’ Payday Lender Subject to Class Action Investigation

Gilbert M. Mills Apr 16, 2020 0
A compensation law firm is investigating a class action lawsuit against a short-term loan facilitator after it was revealed that payday lenders had driven vulnerable Australians to drown in debt. Slater and Gordon investigate Cigno…
Forex exchange market

ASIC beats payday lender Cigno in ban case

Gilbert M. Mills Apr 15, 2020
"The very ones who were helping are the people who are now in a worse situation, and of course we now have even more of those people,” said Jan “John” Swanepoel.Mr Swanepoel said his loan work had ceased and disputed claims that the model…
Forex exchange market

Payday lender defends bill payment companies MLGW

Gilbert M. Mills Feb 18, 2020
The Memphis City Council wants to learn about Memphis, Light, Gas and Water's use of ACE Cash Express to collect millions of bills over the past three years. City Council is due to discuss MLGW's use of pay stations such as ACE at its MLGW…
Forex exchange market

North Carolina AG settles with out-of-state payday lender for $825,000 | Goodwin

Gilbert M. Mills Feb 5, 2020
On January 27, 2020, North Carolina Attorney General Josh Stein (North Carolina AG) reached an agreement with an out-of-state payday lender for $825,000. The Attorney General obtained a temporary consent restraining order against the…
Forex exchange market

4 sports cars seized from payday lender Scott Tucker

Gilbert M. Mills Jan 16, 2020
Geoffrey S. Berman,!--mvp-post-feat-img-->…
Forex exchange market

Payday lender 247Moneybox goes bankrupt – your rights on how to get compensation – The…

Gilbert M. Mills Dec 3, 2019
Payday lender 247Moneybox has gone bankrupt, leaving thousands of customers in limbo over payments and compensation claims. Customers who are still repaying their loans are asked to continue making their payments as usual. 1 The…
Forex exchange market

UK’s biggest payday lender QuickQuid is collapsing into administration

Gilbert M. Mills Oct 25, 2019
The UK payday loan industry appeared to be virtually over yesterday after QuickQuid collapsed into administration following thousands of customer complaints.QuickQuid, which is owned by US parent company Enova, will be shut down after…
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