Payday loan

China Rapid Finance to Announce First Quarter 2018 Financial Results on June 14, 2018

Retrieved on: 
Tuesday, June 12, 2018
Economy, Money, Finance, Financial law, Loans, Actuarial science, Credit risk, Credit, Social economy, Credit bureau, Payday loan

China Rapid Finance operates a leading online consumer finance marketplace inChina, facilitating millions of loans annually.

Key Points: 
  • China Rapid Finance operates a leading online consumer finance marketplace inChina, facilitating millions of loans annually.
  • China Rapid Finance operates a pure play marketplace, and does not take credit risk.
  • China Rapid Finance facilitates smaller, shorter-term initial loans to these qualified consumers and then enables larger, longer-term loans for repeat borrowers who demonstrate positive credit behavior.
  • China Rapid Finance was founded by Dr.Zane Wang, who has decades of consumer credit experience in the U.S. andChina, and is governed by a global board of directors.For more information, please visit http://ChinaRapidFinance.InvestorRoom.com .

Former public company CFO admits to permitting violations of Alberta securities laws

Retrieved on: 
Thursday, May 24, 2018
Economy, Finance, Money, Credit, Loans, Debt, Payday loan, Canadian securities regulation, Canadian Securities Administrators, Financial market, Security, Peer-to-peer lending

Bland acted as Chief Financial Officer of Cash Store until June 2012.Cash Store was an Alberta corporation that operated in the payday lending industry.

Key Points: 
  • Bland acted as Chief Financial Officer of Cash Store until June 2012.Cash Store was an Alberta corporation that operated in the payday lending industry.
  • Cash Store had purchased loans it had itself brokered between retail borrowers and a group of lenders Cash Store relied on for capital.
  • The ASC is the regulatory agency responsible for administering the province's securities laws.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Pew Commends OCC for Encouraging Banks to Provide Installment Loans

Retrieved on: 
Wednesday, May 23, 2018
Economy, Money, Finance, Loans, Credit, Payday loan, Bank, Installment loan, Office of the Comptroller of the Currency, Title loan, Payday loans in the United States

WASHINGTON, May 23, 2018 /PRNewswire-USNewswire/ --The Pew Charitable Trusts today praised the Office of the Comptroller of the Currency (OCC) for formally encouraging banks to offer their customers safe, affordable small-dollar installment loans.

Key Points: 
  • WASHINGTON, May 23, 2018 /PRNewswire-USNewswire/ --The Pew Charitable Trusts today praised the Office of the Comptroller of the Currency (OCC) for formally encouraging banks to offer their customers safe, affordable small-dollar installment loans.
  • Pew research indicates that, given the opportunity, 8 in 10 payday loan borrowers would prefer to get credit from their banks or credit unions.
  • Numerous banks have expressed interest in offering small installment loans, and the OCC's action removes much of the regulatory uncertainty that has prevented them from entering the market.
  • If banks begin offering these loans according to strong safety standards, it could boost financial inclusion and be a game-changer for the millions of Americans who use high-cost loans today.