Does factoring require a lending licence?

In Japan, money lending operations are subject to certain licensing requirements. That said, it is generally understood that a registration under the Money Lending Business Act is not required to purchase existing receivables. Thus, it may be easier for non-Japanese financial institutions to acquire
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The House passed a measure to reauthorize controversial spying provisions Thursday, just hours after a tweet by President Donald Trump nearly derailed the vote. The bill, which passed 256-164, renewed section 702 of the Foreign Intelligence Surveillance Act (FISA) for six years. The law allows
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HFF secured four separate 10-year, fixed-rate securitized loans with Freddie Mac's CME Program, which will be serviced by HFF. “We are excited to have structured fixed-rate loans with excellent economic terms on Watermarke's behalf through our strong relationship with Freddie Mac,” Greg Brown,
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Merritt Industrial Dallas Texas LLC has sold a 4-building industrial complex totaling 58,080 square feet on Merritt Drive in Garland to Merritt Dallas Properties LLC. Brian Pafford of Bradford Commercial Real Estate Services brokered the sale with Stuart Smith of Cushman & Wakefield. Kaufman
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The U.S. Marshals Service will auction off 3,813 bitcoins valued at about $52 million that were seized in connection with a number of high-profile federal, state and local cases including drug busts and money-laundering schemes. The auction, the sixth by the Department of Justice agency, would likely
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It was announced during a conference call with Impact Wrestling executives Don Callis and Scott D'Amore that the company will be introducing new title belts in April. Powell's POV: This is a welcome change given that the current belts were made when the company was branded as Global Force
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This non-traditional entry into the property market is partly the result of two intersecting trends: sky-high real estate prices in Canada's largest cities (the average price of a detached house in Toronto passed $1.2-million in 2017) and the rise of the sharing economy, in which tech-savvy millennials
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Mortgage rates moved upward during the week ended Jan. 11, with the average rate for a 30-year, fixed rate mortgage (FRM) reaching 3.99%, up from 3.95% the previous week, according to Freddie Mac's Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 4.12%.
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Canberra market's modest growth in 2017 is set to be repeated, despite potential volatility in other parts of the country, property analysts have said. Data from CoreLogic shows property prices in the ACT rose by 4.9 per cent last year, compared to 5.9 per cent growth in 2016, reflecting a softer market
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Dropbox Inc., the file-sharing private company valued at $10 billion, has filed confidentially for a U.S. initial public offering, people familiar with the matter said. Goldman Sachs Group Inc. and JPMorgan Chase & Co. will lead the potential listing, according to the people, who asked not to be identified
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I have written a fair bit about risks in the Australian housing market of late. It's always hard to know whether high prices reflect a bubble, or just underlying factors (like low interest rates and Australia being a great place to live). On the other hand, there are disturbing signs that we have failed to heed the
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Fourth Edition Leveraged Lending in the Shifting Regulatory Market was the topic of discussion at this 2-day event chaired by Patrick Brocker, Senior Managing Director, Commercial Lending at Peapack-Gladstone Bank. GFMI's innovative conference focused on competitiveness and innovation in
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Bethesda-based commercial real estate services and finance company Walker & Dunlop Inc. has structured a $100 million Freddie Mac Revolving Credit Facility for Presidium Group LLC. The credit facility was initially secured by two properties, Solaris and The Violet, both in Austin, Texas, and was
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A federal judge has ruled in favor of President Trump's appointment of Mick Mulvaney to serve as Acting Director of the Consumer Financial Protection Bureau (CFPB). The Associated Press reports that Judge Timothy Kelly issued a 46-page opinion that rejected an effort by Leandra English, the Deputy
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Sessions' move on the Cole Memo could hinder the ability of cannabis companies to find and secure banking relationships, leaving businesses with a ton of cash on hand. More cash on hand means ancillary companies that specialize in security may see an increase in business. Growth projections put
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The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for December 2017 shows mortgage applications for new home purchases increased 7.8% compared to December 2016. Compared to November 2017, applications decreased by 18% relative to the previous month.
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Loan applications for newly constructed homes slowed on a month-to-month basis in December as the storm-driven spike in volume ended. There was an 18% drop in mortgage applications to purchase a new home in December from November, according to the Mortgage Bankers Association's Builder
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But Heffernan is the company's very visible, very approachable CEO. Whether it's a town hall gathering or face-to-face meetings at Alliance's operations around the world, Heffernan is always talking with the company's 20,000 employees. “Actually, I love it. It's the best part of the job,” he tells Fortune.
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The deductibility of interest turns on the use of the borrowed money, not the security for the loan. While interest on money borrowed to buy or improve a rental property can be deducted against rental income, money used for a personal purpose, such as paying off a home mortgage, is nondeductible.
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Despite the cold weather and the holidays, the Thurston County housing market rolled on in record form in December, according to recently released Northwest Multiple Listing Service data. Sales of single-family homes were flat on a year-over-year basis, but it hardly mattered because 414 units sold
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