loans

China Considers SMB Bankruptcy Path
China Considers SMB Bankruptcy Path
May 31, 2019  |  B2B Payments

Chinese regulation does not offer a way for individuals to discharge the debt they cannot pay. According to reports in The Economist, small business (SMB)...

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Irish Mortgage Lender Must Pay €21M For Fleecing Interest Fees
Irish Mortgage Lender Must Pay €21M For Fleecing Interest Fees
May 31, 2019  |  Loans

Ireland’s central bank announced that it has fined a state-backed mortgage lender €21 million for overcharging its customers. The fine against Permanent TSB, which is...

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Bitcoin Daily: JPMorgan Boosts Privacy Of Ethereum Blockchains; S. Korean Bank Uses Blockchain For Loans
Bitcoin Daily: JPMorgan Boosts Privacy Of Ethereum Blockchains; S. Korean Bank Uses Blockchain For Loans
May 29, 2019  |  Bitcoin

JPMorgan Chase has revealed to CoinDesk that its blockchain team has created a privacy feature for ethereum-based blockchains. The feature, which is an extension to...

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NY AG, Mayor Launch Inquiries In Taxi Industry Practices
NY AG, Mayor Launch Inquiries In Taxi Industry Practices
May 21, 2019  |  Ridesharing

The New York Attorney General’s office and New York Mayor Bill de Blasio have both ordered investigations into the practices of the taxi industry that...

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Bank Of Italy To Reward Eco-Friendly Companies
Bank Of Italy To Reward Eco-Friendly Companies
May 19, 2019  |  Banking

The Bank of Italy is gearing up to reward companies that make moves to fight climate change, reported Reuters. According to the report, the Bank...

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Taxi Drivers Driven To Bankruptcy Over Medallion Loans
Taxi Drivers Driven To Bankruptcy Over Medallion Loans
May 19, 2019  |  Loans

The New York City taxicab industry has been suffering, with a series of suicides plaguing taxi drivers over the past year as they struggle with...

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Prospa Lowers Interest Rates In Second Go At IPO
Prospa Lowers Interest Rates In Second Go At IPO
May 17, 2019  |  B2B Payments

More than a year after Prospa delayed its initial public offering (IPO) plans, the Australian alternative lender is once again gearing up to go public —...

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FTC To Scrutinize SMB Confessions Of Judgement?
FTC To Scrutinize SMB Confessions Of Judgement?
May 13, 2019  |  Regulation

Small business lending could get a bit more scrutiny from regulators. To that end, the U.S. Federal Trade Commission (FTC) is reportedly examining small business...

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Federal Reserve Voices Concern Over Corporate Debt
Federal Reserve Voices Concern Over Corporate Debt
May 08, 2019  |  B2B Payments

Record levels of corporate debt in the U.S. have caught the attention of the Federal Reserve. According to Reuters on Tuesday (May 7), the Fed released...

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