Personal finance

The Rise Fund Leads $200M Series D Investment in Human Interest to Accelerate Growth and Societal Impact 

Wednesday, August 4, 2021 - 2:00pm

The Rise Fund determined that Human Interest has the potential to deliver outsized societal impact by helping SMB workers build retirement savings that significantly outpace what they would be able to save without an employer-sponsored plan.

Key Points: 
  • The Rise Fund determined that Human Interest has the potential to deliver outsized societal impact by helping SMB workers build retirement savings that significantly outpace what they would be able to save without an employer-sponsored plan.
  • The cost of a Human Interest 401(k) plan is 40%+ lower than the industry average.6
    Promoting financial health is a core investment pillar for The Rise Fund.
  • Investment Advisory services are offered by Human Interest Advisors, a subsidiary of Human Interest Inc. Human Interest Advisors is a registered investment advisor with the Securities and Exchange Commission ("SEC").
  • As part of TPG, The Rise Fund offers investment resources, business-building skills, rigorous measurement, and a global network to help portfolio companies accelerate growth and impact.

African American Customer Accuses Chili's Restaurant of Racial Discrimination

Wednesday, August 4, 2021 - 6:25pm

The lawsuit accuses Chili's of racial discrimination for refusing to seat her at an open table, only to later offer the table to another customer, who was white.

Key Points: 
  • The lawsuit accuses Chili's of racial discrimination for refusing to seat her at an open table, only to later offer the table to another customer, who was white.
  • When confronted, the restaurant hostess said the white customer had reserved the table.
  • But Ms. Hager knew that to be a lie, as the white customer was her fianc, who had been waiting outside.
  • The document also says Chili's initial response to her discrimination complaint was to offer her $100 in gift cards.

DepositAccounts Releases Annual Top200 Bank & Credit Union Lists

Wednesday, August 4, 2021 - 12:00pm

To determine bank ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios.

Key Points: 
  • To determine bank ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios.
  • For a complete listing of the 2021 Top 200 Healthiest Banks and Credit Unions in America, visit https://www.depositaccounts.com/banks/health.aspx .
  • Through the LendingTree platform, consumers receive free credit scores, credit monitoring and recommendations to improve credit health.
  • It covers every federally insured bank and credit union and utilizes its patented technology to track approximately 275,000 consumer deposit rates, each updated nightly.

Allied Announces Pricing of $500 Million Green Bond Offering

Tuesday, August 3, 2021 - 8:11pm

TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (TSX:AP.UN) (“Allied”) announced today that it has priced its previously announced offering, and has agreed to issue $500 million aggregate principal amount of series I senior unsecured debentures (the “Debentures”). The Debentures will bear interest at a rate of 3.095% per annum and will mature on February 6, 2032. The Debentures are being offered on an agency basis by a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. The offering is expected to close on or about August 6, 2021. DBRS Limited has provided Allied with a provisional credit rating of “BBB” with a “Stable” trend relating to the Debentures. Moody’s Investors Service, Inc. has provided Allied with a provisional credit rating of “Baa2” relating to the Debentures.

Key Points: 
  • DBRS Limited has provided Allied with a provisional credit rating of BBB with a Stable trend relating to the Debentures.
  • The Debentures are Allieds second Green Bond issuance under its previously announced Green Financing Framework, which is available on Allieds website at https://www.alliedreit.com/company/esg/.
  • Allied intends to allocate the net proceeds of the offering to fund the financing and/or refinancing of eligible green projects (Eligible Green Projects) as described in the Allied Green Financing Framework (the Framework).
  • Prior to allocation of the net proceeds of the offering to Eligible Green Projects, Allied intends to use the net proceeds of the offering (a) to prepay approximately $494 million aggregate principal amount of first mortgages and (b) for general trust purposes.

TransUnion Enters New Long-term Agreement with FICO to Distribute FICO® Score in Canada

Tuesday, August 3, 2021 - 3:07pm

TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) -- TransUnion Canada announced today that it has entered a new multi-year agreement with FICO to distribute FICO Scores to lenders, adjacencies, and consumers.

Key Points: 
  • TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) -- TransUnion Canada announced today that it has entered a new multi-year agreement with FICO to distribute FICO Scores to lenders, adjacencies, and consumers.
  • TransUnions comprehensive data coverage and robust product suite will continue to support Canadian consumer broad access to credit and financial empowerments, said Todd Skinner, President, TransUnion Canada.
  • Through this long-term contract with FICO, we look forward to continuing to service the Canadian credit ecosystem and empowering consumers to achieve their financial potential."
  • The FICO Score has been core to the lending process in Canada for nearly three decades.

Downtown Gift Card program from fintech Miconex expands across Canada

Tuesday, August 3, 2021 - 2:08pm

Downtown gift card company Miconex has announced new program launches in Canada, alongside EML Payments Limited (ASX: EML), following the success of existing gift card systems for Prince Edward Island and Peterborough.

Key Points: 
  • Downtown gift card company Miconex has announced new program launches in Canada, alongside EML Payments Limited (ASX: EML), following the success of existing gift card systems for Prince Edward Island and Peterborough.
  • The new Downtown Dollars systems are set to launch in Downtown Sudbury and Downtown London in 2021.
  • Peterborough Downtown Business Improvement Area (DBIA) launched the Boro Gift Card in December 2020 replacing its paper Downtown Money system.
  • In September, Downtown London will also replace its Downtown Dollars program with a gift card powered by Miconex and EML.

Two-Thirds of Younger Homeowners Surveyed Plan to Renovate This Year, With Peaks in Home Equity Creating More Opportunity to Invest in Homes

Tuesday, August 3, 2021 - 2:00pm

Greater reliance on the home as both a workplace and a family center has led many owners to tailor their homes to their needs.

Key Points: 
  • Greater reliance on the home as both a workplace and a family center has led many owners to tailor their homes to their needs.
  • Meanwhile, seven out of 10 (71%) younger homeowners have recently completed do-it-yourself (DIY) work compared to 42% of older generations.
  • Only 41% of younger current homeowners know they can access a home equity line of credit to finance significant improvements to their home.
  • Sparks surveyed a national sample of 2,000 adults ages 18+ who currently own a home or plan to in the future.

 Rockshield Completes Agribusiness, Foodtech & Plant-Based Investments, Forecasts $60,000,000 2021 Revenue

Tuesday, August 3, 2021 - 1:00pm

The Lender has been issued 1,000,000 purchase warrants with a $0.58 strike price and 500,000 Rockshield Shares subject to a 6-month contractual escrow period upon close.

Key Points: 
  • The Lender has been issued 1,000,000 purchase warrants with a $0.58 strike price and 500,000 Rockshield Shares subject to a 6-month contractual escrow period upon close.
  • We look forward to building our relationship with the Lender for further acquisitions in the near future, continued Demare.
  • Rockshield has appointed Marc Aneed, an award-winning natural/wellness consumer products executive with a 20-year career in consumer packaged goods (CPG), as President and Director of Rockshield.
  • Rockshield is an investment company primarily focused on high-growth companies in the agribusiness, foodtech, plant-based and ESG (environmental, social and governance) sectors.

Ubiquity Retirement + Savings® Selected for Plan Administration and Recordkeeping of Sallus Retirement’s Pooled Employer Plan

Tuesday, August 3, 2021 - 2:00pm

Small business retirement plan pioneer Ubiquity Retirement + Savings (Ubiquity) has been selected by Sallus Retirement, LLC (Sallus Retirement), an independent professional fiduciary and retirement pooled plan provider (PPP), to be the 3(16) plan fiduciary, recordkeeper, and third-party administrator of its new Pooled Employer Plan (PEP).

Key Points: 
  • Small business retirement plan pioneer Ubiquity Retirement + Savings (Ubiquity) has been selected by Sallus Retirement, LLC (Sallus Retirement), an independent professional fiduciary and retirement pooled plan provider (PPP), to be the 3(16) plan fiduciary, recordkeeper, and third-party administrator of its new Pooled Employer Plan (PEP).
  • Ubiquity Retirement + Savings is a leading financial technology company that sits at the crossroads of HCM, SaaS and robo-recordkeeping.
  • Sallus Retirement significantly reduces the high cost, risk and complexity of traditional retirement plans, helping working Americans save what they need for the retirement they want.
  • For additional information on Sallus Retirement, please visit www.sallus.com
    Sallus Retirement and Ubiquity are separate and unaffiliated firms.

Mortgage Loan Advocate today announced their Free 38-page E-Book - The Advocates Free Home Loan Guide

Tuesday, August 3, 2021 - 11:00pm

DUBOIS, Pa., Aug. 3, 2021 /PRNewswire-PRWeb/ -- "Best Home Loan Guide To Be Released Online In A Long Time," says the CEO at Mortgage Loan Advocate.

Key Points: 
  • DUBOIS, Pa., Aug. 3, 2021 /PRNewswire-PRWeb/ -- "Best Home Loan Guide To Be Released Online In A Long Time," says the CEO at Mortgage Loan Advocate.
  • The Advocates Free Home Loan Guide will indeed help guide you through the mess.
  • Features and benefits of The Advocates Free Home Loan Guide include:
    Be prepared for the Mortgage process and the Escrow Process when buying a home.
  • Mortgage Loan Advocate.com is an online company dedicated to providing quality content on Mortgages, Loan Modifications, Foreclosures, and ideas on resolving loan problems.