Monthly Archives: February 2022

Nuvision Credit Union Achieves Community Development Certification to Serve Better

TOWN, Alaska, February 28, 2022 /PRNewswire/ — The US Treasury Department’s Community Development Financial Institutions Fund recently certified Nuvision Credit Union as a Community Development Financial Institution (CDFI). This designation is only available to organizations that have a proven track record of providing financial services and products in low-income communities …

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Economic sanctions cripple Russian economy as ruble plunges and interest rates soar

Customers line up to use an ATM at a PrivatBank CJSC branch in Kyiv, Ukraine, Thursday, February 24, 2022. Ethan Swope | Bloomberg | Getty Images Sanctions imposed by the United States and foreign governments have in the past 24 hours crippled Russia’s economy by freezing about half of the …

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GSK reaffirms plans to launch consumer arm in July despite market volatility

The GSK logo is displayed in this illustration taken January 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register Feb 28 (Reuters) – GSK (GSK.L) said on Monday it would take its consumer healthcare business public in July, confirming listing plans amid market jitters and …

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6 things to know before taking out a personal loan

We asked experts to share what you need to know before taking out a personal loan. Getty Images/iStockphoto Millions of Americans borrow personal loans to consolidate debt, cover unexpected expenses, tackle home improvement projects, and even start businesses. And while it’s relatively easy to get a personal loan (see the …

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This platform wants to disrupt the payday loan industry

NAAC Finance will connect the unbanked with quick cash and financial education, helping them avoid predatory high-interest loans. More than 7 million U.S. households are unbanked, meaning no one living in that household has a checking or savings account, according to a FDIC investigation. Lack of a bank account can …

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Desperate Afghans resort to selling their kidneys to feed their families

Herat (Afghanistan) (AFP) – Jobless, debt-ridden and struggling to feed his children, Nooruddin felt he had no choice but to sell a kidney – one of many Afghans willing to sacrifice an organ to save their family. The practice has become so widespread in the western city of Herat that …

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Economic Trauma of Generation Y: Recession, Student Debt, Inflation

Millennials have been carrying economic baggage since the Great Recession. While some are doing well financially, others have faced a host of challenges. Student debt, the housing crisis and now inflation are just a few of their economic problems. Millennials just can’t take a break. The generation, made up of …

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2022 PenFed Credit Union Patriot League Men’s Basketball Championship Field Game (2.26.22)

History links BETHLEHEM, Pa. – The Patriot League Men’s Basketball regular season ended Saturday, setting the 2022 PenFed Credit Union Patriot League Men’s Basketball Championship standings. First-round action begins Tuesday, March 1. Colgate clinched the No. 1 championship seed for the third time in the past …

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These 4 metrics indicate that Avnet (NASDAQ:AVT) is using debt reasonably well

David Iben said it well when he said: “Volatility is not a risk that interests us. What matters to us is to avoid the permanent loss of capital. It’s natural to consider a company’s balance sheet when looking at its riskiness, as debt is often involved when a company fails. …

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No credit history? You can build a credit report without going into debt — here’s how

Getty Approximately 26 million Americans are considered “invisible credit” – meaning they have no credit history according to Experian, TransUnion or Equifax, the three major US credit bureaus. Of these, Black and Hispanic Americans are more likely to have no credit history than Whites and Asian Americans. Don’t have credit …

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Two New Directors, Acclaimed Incumbent on Credit Union Board – Salmon Arm Observer

SASCU’s 2022 call for applications resulted in two new directors and one incumbent on the board. New credit union directors, Curtis Slingerland and June Stewart, were elected by acclimation, as was incumbent Constance Ladell. “We are delighted to see a strong SASCU board experience and a new face complete our …

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DVI Debt Relief Review: Is Debtvantage a bait and switch trap?

Editorial credit: Maxsattana Ad Disclosure: We earn referral fees from advertisers. Learn more Is DVI Debt Relief and Debtvantage a legit company? You probably received a mail with a personalized reservation code offering you a pre-approved loan with an interest rate of less than 5% to consolidate your credit card …

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Police Credit Union donates motorcycles to security institutions –

The Police Cooperative Credit Union (GPFCCU) donated eight motorcycles worth over D300,000security institutions under the Ministry of the Interior. The presentation, made at the police headquarters in Banjul, was chaired by the Deputy Inspector General of Police, in the presence of representatives of the beneficiary institutions, including the DG, Immigration, …

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The Grand Hyatt will be sold, the city will be reimbursed as part of a potential agreement

San Antonio may soon be clinched for the Grand Hyatt hotel, city officials say, a year after the city paid more than $10 million to help the struggling hotel pay off debt under a an agreement nearly two decades old. The Grand Hyatt in downtown San Antonio is being sold …

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Media City Credit Union in Burbank Announces 2022 College Scholarship

Media City Credit Union Media City Credit Uniona financial cooperative that returns profits to its member-owners, is pleased to announce its Fall 2022 Graduate Scholarship. True to its core value of “people helping people,” Media City CU offers this scholarship to support service-minded students pursuing their education in colleges, universities, …

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Gardener drove BMW from Derby to Birmingham to pay off £500 drugs debt before 130mph police chase

A BMW driver still managed to reach speeds of up to 130mph during a highway police chase, even though his tires were deflating. Police used a dart in an attempt to arrest Gary Winters, but struggled to follow him during the 10-minute chase. He also drove the wrong way on …

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Bankruptcies plummet as Pennsylvania households benefit from COVID-19 relief and pandemic-related savings

A spike in government aid and household savings during the pandemic helped stave off bankruptcies in Pennsylvania. Bankruptcy filings at once in Pennsylvania and Across the country decreased by about half between 2019 and 2021, according to the US Courts Administrative Office. The agency reports that non-commercial bankruptcies in the …

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AACUC Announces Winners of African American Credit Union Hall of Fame

Recognizing these deserving and superior leaders is an honor and our duty.” —Chair, Larry D. Sewell SNELLVILLE, GEORGIA, USA, Feb. 22, 2022 /EINPresswire.com/ — The African American Credit Union Coalition (AACUC) will induct six credit union leaders into its African American Credit Union Hall of Fame at the AACUC Annual …

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Is ASOS (LON:ASC) a risky investment?

Legendary fund manager Li Lu (whom Charlie Munger once backed) once said, “The greatest risk in investing is not price volatility, but whether you will suffer a permanent loss of capital. When we think of a company’s risk, we always like to look at its use of debt, because over-indebtedness …

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Community Credit Union Florida Athlete of the Week Vote

Support local journalism by unlocking unlimited digital access to floridatoday.com. Click here to explore subscription options. It’s time to vote again for Community Credit Union Florida’s Athlete of the Week on 321preps.com and floridatoday.com. The following athletes have been nominated for their performances from February 14-19. You will find the …

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Look for this letter if you have been affected by Equifax’s massive data breach

Image source: Getty Images In 2017, Equifax, one of the three major credit bureaus, was the subject of a major data breach that leaked sensitive information belonging to millions of American consumers. As part of its settlement, consumers had the choice of requesting a $125 lump sum payment or free …

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Bank of America CEO Brian Moynihan talks about consumer spending, the supply chain crisis and the Fed’s rate hike

As CEO of Bank of America since 2010, Brian Moynihan has been widely credited with rebuilding the bank after the great recession and financial crisis. Moynihan points to continued strength in consumer spending despite high inflation for four decades and worries about the economy and the pandemic. Spending on the …

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Latitude boss Ahmed Fahour says rising rates will also increase household borrowing

Despite revenue headwinds, Latitude’s cash profit of $232 million rose 4% on lower costs and higher lending volumes, particularly in personal lending, where volumes increased by 42% by taking market share from the big banks. Despite the focus on rising household debt as a share of disposable income, Fahour said …

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Don’t expect higher savings rates anytime soon

Interest rates should start to rise this year, and that should be good news for savers, right? Probably not right away. The Federal Reserve is expected to start raising borrowing costs in March and possibly several more times this year. But deposit rates paid to savers will likely rise at …

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Alarm.com Holdings (NASDAQ:ALRM) could easily take on more debt

Howard Marks said it well when he said that, rather than worrying about stock price volatility, “the possibility of permanent loss is the risk I worry about…and that every practical investor that I know is worried”. So it seems smart money knows that debt – which is usually involved in …

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Credit unions are getting into the crypto game

Three months have passed since Torrance-based Unify Federal Credit Union became the first credit union in the United States to begin offering its members the ability to trade bitcoin. In November, Unify, which holds $3.6 billion in assets, partnered with New York-based bitcoin trading platform NYDIG to provide its 286,000 …

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When the IRS suspends collection notices, does that mean unpaid taxes will continue to earn interest?

The Internal Revenue Service is now juggling a backlog of millions of tax returns. As a result, it has temporarily suspended the dissemination of collection notices. However, this does not mean that those who owe money on their bills should defer paying their payments. Because, according to Erin Collins, a …

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Is the ROE of Embellence Group AB (publ) (STO:EMBELL) an impressive 20%?

One of the best investments we can make is in our own knowledge and skills. With that in mind, this article will explain how we can use return on equity (ROE) to better understand a business. To keep the lesson grounded in practicality, we’ll use ROE to better understand Embellence …

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Biden can rein in inflation by rigorously enforcing health care price transparency

Americans grappling with the worst inflation in 40 years are getting a taste of the rapid price increases that health care consumers have long suffered. The Ministry of Labor recently announced that consumer prices have risen by 7.5% over the past year. However, national health expenditure Data reveal that consumers …

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Why Small Businesses Should Seek Alternative Equity Financing

Opinions expressed by Contractor the contributors are theirs. It is difficult for many small and medium enterprises (SMEs) to navigate through various loan programs and debt consolidation opportunities, especially during an unprecedented global pandemic. Unlike consumers who are protected by the Consumer Financial Protection Bureau (CFPB), business owners are often …

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Council continues budget discussions | News, Sports, Jobs

Craig Howell TALKS – Weirton council met on Wednesday for a second opportunity to discuss the proposed tax budget for 2022-23, which comes into effect July 1. A third meeting will take place on February 24. WEIRTON — Members of Weirton council met Wednesday to continue …

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How a woman cleared a £4,000 debt with pay splitting

For those in debt, paying off big loans can seem like an impossible task…but it’s a task that’s usually better tackled head-on than allowed to get worse. There are many methods to improve your finances, and TikTok user Devamsha (@yoitsdevvie) claims to have discovered one that cleared £4,000 of consumer …

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Patriot League Announces Women’s Basketball Recap Presented by PenFed Credit Union (2.16.22)

History links at BOSTON UNIVERSITY TERRIERS 74 (15-10, 11-3 PL), HOLY CROSS CRUSADERS (16-9, 10-4 PL) 56 The score of the box BOSTON, Mass. – The Boston University Terriers clinched first place with a 74-56 victory over Holy Cross on Wednesday night. * BU had four …

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Affordable debt consolidation

Credit card spending has increased in the United States due to financial constraints caused by COVID-19. Texas leads the pack behind California for states with the highest increase in credit card debt, according to a Sept. 21 study by WalletHub. And low mortgage interest rates haven’t translated into low credit …

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Prices in China are cold comfort for global buyers

Shoppers leave a Target store during Black Friday sales in Brooklyn, New York, U.S. November 26, 2021. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register HONG KONG, Feb 16 (Reuters Breakingviews) – Global consumers worried about soaring costs can take comfort in Chinese data. Ex-factory prices hit …

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Katie Miller

Experience Katie has worked in nearly every consumer financial services industry over an 18 year period. She began developing new credit card products, transitioning her organization from a “metal line” (silver, gold, platinum) of credit cards to the new “rewards line” of cards in the early 2000s. , when maximizing …

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Financial Strategy Comparison: FIRE, 50/30/20, Bogleheads and Ramsey’s Baby Steps | Savings and budgeting

Financial movements like FIRE, velocity banking, and strategies promoted by personal finance influencers like Dave Ramsey and Suze Orman often play an outsized role in shaping families’ financial strategies. But this advice is a double-edged sword in the eyes of many professional financial planners. These financial strategies can encourage individuals …

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BHP’s first-half profit beats, declares record interim dividend

A small toy figurine and a mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register HY profit from continuing operations jumps 57% Pay $7.6 billion in interim dividends Reduces net debt …

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Police search for robbery suspect in Manchester, NH – Boston News, Weather, Sports

MANCHESTER, NH (WHDH) – Police are searching for the suspect who robbed a credit union in Manchester, New Hampshire last Friday. Officers responding to a reported robbery at the Triangle Credit Union on Candia Road around 6:15 p.m. learned that a man entered the establishment and then placed a white …

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Local borrowing up, government debt down in Iowa in FY21 | Government and politics

DES MOINES — While the state continued its policy of low debt, local governments took advantage of low interest rates last year to take on debt and launch infrastructure projects. So while state debt has been reduced, the combined total of state and local government debt increased 5.3% to $18.8 …

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Bad news: you are in debt. Worst news: you have a fake debt

The email from “Norton Protection” stated that I owed $999.99, which was “successfully charged and will appear on your bank statement in 24-48 hours”. Although I have an account with a leading cybersecurity company, I have never paid so much for their products. To “cancel” the charge, I was asked …

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Eastman Credit Union Announces Organizational Changes | News

KINGSPORT — Debra Bridwell of Eastman Credit Union will retire after 35 years with the company. Bridwell is currently senior vice president and chief marketing and facilities officer of ECU. His retirement will begin on March 1. “We greatly appreciate Debra’s strong leadership and vision. She has significantly influenced the …

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Bragar Eagel & Squire, PC investigates Tecnoglass, WeWork, Embark and Affirm and … |

NEW YORK, Feb. 11 10, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Tecnoglass, Inc. (NASDAQ: TGLS), WeWork, Inc. (NYSE: WE), Embark Technology, Inc. (NASDAQ: EMBK) and Affirm Holdings, Inc. (NASDAQ: AFRM). Our investigations focus on whether …

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5 ways to use your tax refund strategically

Taxpayers received an average tax refund of nearly $3,000 in 2021, according to the IRS, and there’s an opportunity to use this financial windfall to improve your financial situation. (iStock) Tax season is here, which means millions of American taxpayers could soon receive a substantial financial windfall in the form …

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Naveo Credit Union is accepting applications for three scholarships

SOMERVILLE – Naveo Credit Union is accepting applications for its annual Carlos Faria and Victor Da Silva Memorial Scholarships. Three scholarships of $1,500 each will be awarded. The scholarships are open to full-time students currently enrolled in, accepted, or awaiting acceptance into a college or university in an undergraduate or …

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Will forgiving student loans in bankruptcy be easier? Biden administration sends mixed messages

WASHINGTON, DC – JANUARY 20: U.S. Secretary of Education Miguel Cardona speaks at the 90th … [+] USCM Winter Meeting on January 20, 2022 in Washington, DC. (Photo by Alex Wong/Getty Images) Getty Images Student borrowers hoping for an easier path to student loan discharge through bankruptcy have received mixed …

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Sarasota County Educational Foundation to Name Two Suncoast Credit Union Scholars in 2022

The coast of the gift DAILY SRQ FRIDAY WEEKEND EDITION FRIDAY FEBRUARY 11, 2022 | The Suncoast Credit Union Foundation is partnering with the Sarasota County Education Foundation to provide two $2,000 scholarships to high school graduates of the class of 2022. High school graduates of the class of 2022 …

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Tracking Money After Summit Contracting Federal Fees

BROWN COUNTY, Wis. (WBAY) – It’s now a waiting game for the victims of a shuttered contracting firm as they try to figure out if they’ll ever get money through what prosecutors call a ‘scheme’. of fraud”. These victims are among many who told us they lost tens of thousands …

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EDPA Discovers Alleged Passing of Consumer Information to Letter Seller Files FDCPA § 1692c(b) Claim

The U.S. District Court for the Eastern District of Pennsylvania issued a decision on February 7 finding that the mere use of a letter seller is sufficient to allege a violation of 15 USC § 1692c(b) of the Fair Debt Collection Practices Act in transmitting information to the supplier of …

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Curql invests in 10th Enterprise and acquires a minority stake in LoanStreet

Source: Adobe Stock. The Curql I CUSO Fund has invested in its 10th company: LoanStreet Inc., an online platform for sharing, managing and analyzing loans. Nick Evens, chairman/CEO of Curql Collective, a CUSO that acts as the fund’s general partner, didn’t say how much has been invested in LoanStreet, but …

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Dear Penny: Do I have to pay mom’s debt with my $1 million life insurance payment? | pennyhoarder

Dear Penny, My mother passed away last year with a lot of debt in her estate. This debt includes mortgage, IRS tax liens, credit card debts and other heirs who should be aware of his estate. The estate appears to have a debt of just under $200,000 and no other …

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Thai c.bank maintains policy rate at historically low level, as expected

BANGKOK, Feb 9 (Reuters) – The following is a statement from the Bank of Thailand after it left its key interest rate steady at a record low 0.50% on Wednesday, as forecast by the 23 economists in a Reuters poll. Read more Piti Disyatat, Secretary of the Monetary Policy Committee …

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Allegacy Federal Credit Union partners with iGrad to offer the Financial Wellness Personalized Enrichment Program to its more than 166,000 members

San Diego, Calif., February 08, 2022 — (PR.com) — Allegacy Federal Credit Union, one of North Carolina’s largest credit unions, has partnered with financial education company iGrad based in San Diego to offer the award-winning Enrich™ financial wellness platform to its more than 166,000 members. “Enrich is part of Allegacy’s …

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Student loan borrowers need relief from ‘abusive practices’: Elizabeth Warren

Student loan company Navient has reached a $1.8 billion settlement with 39 attorneys general. The senses. Warren, Van Hollen and Blumenthal urged the Department of Education to provide this aid quickly. They also want the department to go further and provide relief to borrowers beyond the scope of settlement. Loading …

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Increasing revenue and improving member experience with AI

Source: Adobe Stock Artificial Intelligence (AI) is becoming the norm in business infrastructure and the daily lives of consumers. AI is an intelligent, virtual resource that deploys data to replace and enhance business functions previously performed by human capital. Artificial intelligence can be leveraged to grow their business, ease the …

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Graduate Student Worried About Additional Loans | News

DR. WALLACE: I recently started graduate school, which required me to take out a significant amount of student loans, and I still have loans to repay for my undergraduate degree as well. I haven’t started paying anything yet, and I’m starting to worry that when I graduate, I’ll be drowning …

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Patriot League Announces Women’s Basketball Recap Presented by PenFed Credit Union (2.5.22)

History links At HOLY CROSS CRUSADERS (15-7, 9-2 PL) 74, ARMY WEST POINT BLACK KNIGHTS (12-9, 6-5 PL) 54 The score of the box WORCESTER, Mass. – Holy Cross picked up their ninth league win with a 74-54 win over Army West Point on Saturday afternoon. …

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This doctor’s $$ goals for 2022

It’s 2022, and many of us wish this year was better than last. Instead of just hoping for it to happen, let’s set realistic goals and put measures in place to achieve them. Here are some of my goals: 1. Continue to invest at least 10% of my salary in …

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Consumer groups want FDIC to ban rent-a-bank loans with rates that can exceed 100%: NPR

With the resignation of the head of the Federal Deposit Insurance Corp. of the Trump era, consumer protection groups see an opportunity to end “rent-a-bank” loans with exorbitant interest rates. Graeme Sloan/Sipa USA via Reuters hide caption toggle caption Graeme Sloan/Sipa USA via Reuters With the resignation of the head …

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Interra Credit Union moves its branch to Dunlap | Business

GOSHEN — Interra Credit Union has purchased a new branch at 4330 Elkhart Road, Goshen. The branch is located off US 33 in Dunlap’s main shopping area which includes Kohl’s, Target, Meijer and other retail stores. Along with the opening of this branch, Interra will close the existing Peddlers Crossing …

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Week ending February 5, 2022

Every week, I share “news you can use” recaps: a handful of short blurbs from top financial news sources, so you can be caught up in less than a minute. I post them every Saturday. Use the comments below to let me know what you think! Here are some headlines …

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Should you take out a bill consolidation loan?

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. Taking out …

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65 new shows and movies on Netflix in February

Are you getting what you pay for with your Netflix subscription? How do you know? The ever-popular streaming service has a dizzying array of comings and goings each month. Keeping tabs on the latest shows and movies can give you something to look forward to — or an excuse to …

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VyStar and Achieva settle legal dispute over brand slogan

Source: Shutterstock. Two Florida credit unions have settled a legal dispute over their slogans, according to court documents filed last week in U.S. District Court in Jacksonville. A court order ordered the two credit unions to file a joint termination or other appropriate documentation by March 25 to officially end …

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$60 loan climbs to $800 for teen ‘exploited’ by payday lender

Rachelle* was 17 and a bit short on cash when she borrowed $60 early last year from online payday lender Cigno. Key points: $60 loan repayments soared to $800 debt for teen who borrowed money ASIC plans to use its powers of intervention to ban loan models handled by Cigno …

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Visions CEO inducted into Credit Union Executives Society Hall of Fame

Tyrone Muse Jthe senior official of Visions F based in Endwellederal Credit Union won Hall of Fameacknowledgement. Tyrone Muse, President and CEO of Visions, is now a member of the Credit Union Executives Society (CUES) Hall of Fame. CUES, which calls itself a leadership talent development organization, announced …

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Only 34% of Americans feel financially healthy. Here’s how to improve your outlook

Image source: Getty Images If you’re on your finances, these tips can help. Key points A new survey reveals that most Americans doubt their financial health. You can improve your image by increasing your savings, reducing some debts and getting a clear picture of your spending. Are you confident in …

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Massachusetts should move forward with financial literacy education

Senator Patrick O’Connor February 2, 2022 By State Senator Patrick M. O’Connor The new year always brings new resolutions, perhaps this year more than most because of what we’ve all been through over the past two years. We all want some kind of fresh start, a feeling that we’re doing …

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The best cities to work according to the opinions of the largest companies and where their headquarters are

California’s Bay Area has been revealed as the best city in the United States to live in, according to metrics included by business ratings website Glassdoor. Earlier this month, the site published its annual report 100 best places to work ranking for 2022 and rated where the most popular businesses …

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Director of credit union organization resigns

THE head of the Irish League of Credit Unions has resigned from office, in a move that was not expected. d Farrell spent 25 years working in the league, one of two representative organizations for credit unions. He has served as the league’s general manager for the past seven years. …

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Is Performant Financial (NASDAQ:PFMT) using too much debt?

Warren Buffett said: “Volatility is far from synonymous with risk. When we think of a company’s risk, we always like to look at its use of debt, because over-indebtedness can lead to ruin. We can see that Successful financial company (NASDAQ: PFMT) uses debt in its business. But should shareholders …

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5 money moves to make before the Fed’s rate hike

BIRMINGHAM, Ala. (WBRC) – The Federal Reserve is expected to raise the federal funds rate in March after a long streak of historically low rates. It is an effort to reduce the highest inflation rates we have seen in forty years. Experts say it’s a snap that our economy is …

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Bank OZK buys another property 121 Financial | Jax Daily Record | Jacksonville Daily Record

In an effort to reposition the regional presence of the two financial organizations, Little Rock Arkansas-based OZK Bank purchased another office building from Jacksonville-based 121 Financial Credit Union. OZK Bank paid $2 million on Jan. 4 for a 3,757-square-foot, 1.78-acre office at 6072 Youngerman Circle in southwest Jacksonville near Orange …

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