Cities crack down on payday lenders

Payday lenders offer short-term, high-interest loans that people typically use when other, cheaper sources of credit are unavailable. In theory, borrowers pay back the money with their next paycheque. Failure to pay back the loan within a certain period can lead to more fees and mounting interest
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StonehamBank announced that it has become the newest lender of The U.S. Small Business Administration's Massachusetts Network, which allows StonehamBank to provide SBA-guaranteed loans to small businesses that are structured under 7A guidelines. The SBA was created in 1953 to aid,
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Banking regulators proposed softening the blow of a new accounting rule that will force banks to book losses on soured loans more quickly. Some banks had been concerned the rule could cut into their regulatory capital, since it will require them to book all expected losses from their loans as soon as
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BRUSSELS (Alliance News) – National Association of Home Builders/Wells Fargo's Housing Market Index for April will be published at 10:00 am ET Monday. The consensus of Housing Market Index is 70, unchanged from the prior month. Ahead of the data, the greenback declined against its major
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Separately, the EPA defended its decision to install a soundproof privacy booth in Pruitt's office at a cost of $43,238, in a letter to the Government Accountability Office obtained by Bloomberg News. The GAO is expected to make public a report on the secure communications booth as soon as Monday.
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A toughening of Australia's lax lending standards could keep more aspiring homebuyers from entering the housing market, warn numerous analysts. The ongoing Royal Commission into misconduct in the financial industry is likely to lead to greater regulation of the nation's $1.6trn mortgage market.
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BENGALURU: The garden city of Bengaluru, which topped the list of salary trends in 2017, continues to lead the pack as the highest paying city in … The IT sector, offering an average annual CTC of around Rs 9 lakh and infrastructure, real estate & construction at R 9 lakh are fourth and fifth in the list.
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On the other hand, buying is better than renting for many in the right stage of life. “Renters who are pretty certain they'll remain in a local market for at least the next five years should consider owning. Over that time, it's likely your home will gain in value,” says Blomquist. “Plus, your mortgage payments
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VW paid $256 million for its stake in Navistar, bolstering Europe's biggest automaker's access to the lucrative North American truck market. VW's trucks unit had “significant” synergies from joint procurement with Navistar last year, division CEO Andreas Renschler said. Foreign expansion, as well as more
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NEW YORK, April 16, 2018 /PRNewswire/ — Meredith Corporation (NYSE:MDP), one of America's leading media and marketing companies, and Magenta, a young and dynamic content factory, launch Fortune Italy [www.fortuneita.com], it was announced today. The magazine will be distributed in Italy,
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NEW YORK, April 16, 2018 (GLOBE NEWSWIRE) — Greystone, a leading commercial real estate lending, investment, and advisory firm, announced its Real Estate Advisors team closed the sale of Nazareth Living Care Center. Chicago-based Mozart Healthcare, LLC purchased the property from
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“For instance, if the reader is deducting the mortgage interest on their taxes, then their effective interest rate is going to be lower than 4.1 percent,” says Parker Trasborg, a Virginia-based Certified Financial Planner. So if you're in the 24 percent tax bracket, for example, than the true cost of the loan is 3.11
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Its sheer size and diversity helped protect it amid 2018's choppy markets. Last week's first quarter results beat estimates even as traders devoted less cash to its exchange-traded funds. The firm attracted long-term net inflows of $55 billion and revenue grew 16 percent year-over-year. Fink's personal
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April 16 (Reuters) – Myhome Real Estate Development Group Co Ltd: * SAYS PRELIM 2017 NET PROFIT UP 0.3 PERCENT Y/Y AT 670.0 MILLION YUAN ($106.67 million). * SAYS IT EXPECTS TO SWING TO NET LOSS OF ABOUT 140 MILLION YUAN IN Q1 VERSUS PROFIT OF 83.9 MILLION YUAN
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Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, Christopher Harvey, head of equity strategy at Wells Fargo, and Bloomberg Intelligence's Gina Martin Adams, discuss bank earnings and outlook for markets overall. They speak with Jonathan Ferro on “Bloomberg Markets: The Open.
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The average rate on 30-year, fixed-rate mortgages edged up to 4.42%, mortgage buyer Freddie Mac reported Thursday. Rates have ticked steadily higher ahead of the traditional spring home-buying season which is just now beginning to ramp up. While the National Association of Realtors reported a
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On the heels of Blockbuster Video shutting down one of its remaining locations in Alaska, HBO's John Oliver has emerged as a hero for movie lovers in The Last Frontier. Oliver's Last Week Tonight has offered several movie props, including the jockstrap Russell Crowe wore in Cinderella Man, which the
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Transnational corporations are buying up assets around the world. Now, after all, price and production chains, supply chains are becoming more global. Therefore, global deployment of production, research and development, sales networks – this is normal practice,” Liu Ying said. He further said that
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… Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Sasol Limited, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: 16 April 2018 By: /s/ V D Kahla Name: Vuyo Dominic Kahla Title: Company Secretary
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After billions in fines and payouts to regulators and investors in the years after the financial crisis, Bank of America has moved away from securitizing and servicing residential mortgages. The firm originated $9.4 billion of new mortgages in the first quarter; in 2009, it topped $100 billion in one quarter.
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