Finance Debt – Last Jeudi http://lastjeudi.org/ Sun, 19 Sep 2021 23:26:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://lastjeudi.org/wp-content/uploads/2021/03/cropped-icon-1-32x32.png Finance Debt – Last Jeudi http://lastjeudi.org/ 32 32 Samir Desai steps down as director of Funding Circle https://lastjeudi.org/samir-desai-steps-down-as-director-of-funding-circle/ https://lastjeudi.org/samir-desai-steps-down-as-director-of-funding-circle/#respond Sun, 19 Sep 2021 03:36:38 +0000 https://lastjeudi.org/samir-desai-steps-down-as-director-of-funding-circle/ The company announced Thursday that Samil Desailly, founding CEO of Business Lender Funding Circle, will step down at the end of the year. The fundraising circle announced the move with its first-half results, showing the company’s second profit in six months. Desai said he would leave the company “in the strongest position of all time.” […]]]>

The company announced Thursday that Samil Desailly, founding CEO of Business Lender Funding Circle, will step down at the end of the year.

The fundraising circle announced the move with its first-half results, showing the company’s second profit in six months. Desai said he would leave the company “in the strongest position of all time.”

He will be replaced by Lisa Jacobs, a longtime executive of the fundraising circle who runs the UK’s core business.

Desai founded the Funding Circle in 2009 to provide online loans to small businesses that struggled to borrow from traditional banks after the financial crisis. He was the last of three co-founders involved in the day-to-day operations of Funding Circle, but remains a part-time director after his retirement.

“As a founder, board member and shareholder, I continue to do my best in the fundraising circle,” he said. “I am very excited about the future growth opportunities and look forward to supporting Lisa and the team in new roles. “

The fundraising circle Fluctuation The company has been listed at a valuation of around £ 1.5bn since being the main UK FinTech after the crisis came to light in 2018, but at the low of 2020 the market value is below £ 100m . It was less than the cash amount. On this balance sheet.

However, it has recovered over the past year, with government involvement in coronavirus rescue programs in the US and UK contributing to profitability. The company made a pre-tax profit of £ 35million in the first half of 2021, compared to a loss of £ 115million in the previous year quarter. Revenue rose 19% to £ 121million.

The fundraising circle said performance was better than expected, but warned it would weaken in the second half of the year as it distracted attention from government-sponsored programs.

According to the company, interest, taxes, depreciation and adjusted earnings before amortization, which are favorable indicators of profitability, were in the lower-single-digit bracket in the second half, compared to £ 53million in the first half. ..

The government program is nearing completion, but in the aftermath of the pandemic, funding circles hope to benefit from a long-term structural shift towards online lending. It has also extended its history to more everyday payment products after focusing most of its history on large loans ranging from £ 10,000 to £ 500,000. Last week we announced a “Buy Now, Pay Later” service for businesses and plan to introduce credit cards.

Jacobs said the new service “represents the next step in our mission to solve more financing problems for small businesses.”

Samir Desai steps down as director of Funding Circle Source link Samir Desai steps down as director of Funding Circle


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Points To Watch Out For While Availing Instant Online Loans https://lastjeudi.org/points-to-watch-out-for-while-availing-instant-online-loans/ https://lastjeudi.org/points-to-watch-out-for-while-availing-instant-online-loans/#respond Sun, 19 Sep 2021 01:56:43 +0000 https://lastjeudi.org/points-to-watch-out-for-while-availing-instant-online-loans/ Points To Watch Out For While Availing Instant Online Loans In today’s digital age, instant loan disbursements have become the new normal. Fintech brands have experienced significant growth in recent years, especially during the pandemic, when people have adapted faster than ever to digital money transactions. In addition, more and more people have trained and […]]]>

Points To Watch Out For While Availing Instant Online Loans

In today’s digital age, instant loan disbursements have become the new normal. Fintech brands have experienced significant growth in recent years, especially during the pandemic, when people have adapted faster than ever to digital money transactions. In addition, more and more people have trained and taken out loans from banks and NBFCs for one reason or another. The best part about online loans is that there is a vast plethora of options available and the borrower can easily assess the interest rates offered by different fintech companies.

Another major advantage of obtaining loans online is that the process is better streamlined with limited paperwork and offers the benefit of in-home service. Moreover, you can choose from a wide category of loans such as personal loans, medical loans, travel loans, home loans, car loans and more.

Although the process of obtaining a loan has been digitized and simplified, it is also important to know some important guidelines so that you can get the most out of your loan provider.

Make sure the Fintech platform is genuine
A digital lending platform can take many forms. For example, it could be an independent lending platform registered as an NBFC, bank, or organization in partnership with a bank or NBFC. The key here is to verify and verify that the lending entity is registered as an NBFC. You can choose to get a loan from a bank, the NBFC, or a partner entity of either. These are safe and secure options for a borrower.

If you come across a lending platform that does not display their NBFC license number on their website, it is best to stay away from such sites. No matter how attractive the loan offers or the interest rate, these are not safe options for you. Also make sure that your bank / NBFC is registered with the central bank or state level authorities as they are the ones who provide the license to offer digital loans to these entities. If you can’t find a genuine platform based on these two very crucial criteria, your best bet is to avoid sharing your personal information and bank details with them online.

Loan approval without KYC
With the Aadhaar introduced into the country, we have all been tied to an identity card that functions as an authentic document of our identity. Therefore, all credible lending platforms verify your Aadhaar information and perform KYC online to ensure transparency is maintained on both ends. Therefore, if a digital platform offers to give you a loan without KYC, it is inappropriate and there is a chance that it is a scam that can lead to identity theft or financial fraud. resulting in huge losses. It is better to strictly avoid such platforms which do not perform KYC before disbursing the loan.

Avoid hidden fees
Some digital lending platforms charge unnecessary hidden charges on your loan, such as late submission fees for late payment of installments. Some use a manipulative methodology with fluctuations in interest which are totally unethical and create unnecessary burden for the borrower. Late submission fees are a popular scam, where people end up paying 2-3% more for no reason. Therefore, be careful when taking out loans and read the documents carefully.

Read the documents carefully
As already suggested, it is very important to read the offer documents which include the duration of the plan, the interest rates and the terms and conditions of your loan policy. It’s the best way to stay safe from fraud, unnecessary hassle and fees


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CURO (CURO) drops 0.29% in active trading on September 17th https://lastjeudi.org/curo-curo-drops-0-29-in-active-trading-on-september-17th/ https://lastjeudi.org/curo-curo-drops-0-29-in-active-trading-on-september-17th/#respond Sat, 18 Sep 2021 01:39:00 +0000 https://lastjeudi.org/curo-curo-drops-0-29-in-active-trading-on-september-17th/ Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange CURO – Market data and news To exchange CURO Group Holdings Corp (NYSE: CURO), a Wichita, Kansas company, […]]]>

CURO Group Holdings Corp (NYSE: CURO), a Wichita, Kansas company, fell to close at $ 16.95 on Friday after losing $ 0.05 (0.29%) on volume of 496,320 shares. The stock ranged from a high of $ 17.20 to a low of $ 16.86, while CURO’s market cap now stands at $ 702,232,415.

About CURO Group Holdings Corp

CURO Group Holdings Corp., operating in two countries and powered by its fully integrated technology platform, is a provider of unprivileged consumer credit. In 1997, the company was founded in Riverside, Calif., By three childhood friends from Wichita, Kansas, to meet growing consumer needs for short-term loans. Their success has led to the opening of stores across the United States and an expansion to offer online loans and financial services in two countries. Today, CURO combines its market expertise with a fully integrated technology platform, omnichannel approach and advanced credit decisions to deliver a range of credit products across all media. CURO operates under several brands, including Speedy Cash®, Rapid Cash®, Cash Money®, LendDirect®, Avío Credit®, Opt + ® and Revolve Finance®. With over 20 years of operating experience, CURO offers financial freedom to unprivileged consumers.

Visit the CURO Group Holdings Corp Profile for more information.

About the New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value with over $ 26 trillion. It’s also the leader in initial public offerings, with $ 82 billion raised in 2020, including six of the seven biggest tech deals. 63% of PSPC proceeds in 2020 were raised on the NYSE, including the six biggest deals.

To get more information about CURO Group Holdings Corp and keep up with the latest company updates, you can visit the Company Profile page here: CURO Group Holdings Corp’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView on the basis of prices delayed by 15 minutes. All other data provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

DISCLOSURE:
The views and opinions expressed in this article are those of the authors and do not represent the views of equities.com. Readers should not take the author’s statements as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please visit: http://www.equities.com/disclaimer


President Biden’s new alliance with Australia and Great Britain Angers France and European Union


California Governor Newsom signs affordable housing law

COVID-19 outbreak in Idaho forces health care rationing statewide

JPMorgan launches its first digital overseas bank in UK next week

Federal Reserve Reviews Ethics Policies Following Prolific Transactions Leaked By Two Senior Officials

Chinese real estate developer Evergrande is not ‘too big to fail’ – Global Times

August retail sales rebound 0.7%, surprising economists after July drop

UN report shows COVID-19 has not slowed the pace of climate change



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Alabama judge sends tribal Co. loan claim to arbitration https://lastjeudi.org/alabama-judge-sends-tribal-co-loan-claim-to-arbitration/ https://lastjeudi.org/alabama-judge-sends-tribal-co-loan-claim-to-arbitration/#respond Sat, 18 Sep 2021 01:12:00 +0000 https://lastjeudi.org/alabama-judge-sends-tribal-co-loan-claim-to-arbitration/ By Andrew Westney (September 17, 2021, 9:12 p.m. EDT) – An Alabama federal judge referred to arbitration a woman’s proposed class action claiming that a company owned by the Oglala Sioux tribe charged excessive interest for online loans, claiming that his own victory against the company did not allow him to pursue his broader claims […]]]>
By Andrew Westney (September 17, 2021, 9:12 p.m. EDT) – An Alabama federal judge referred to arbitration a woman’s proposed class action claiming that a company owned by the Oglala Sioux tribe charged excessive interest for online loans, claiming that his own victory against the company did not allow him to pursue his broader claims in federal court.

U.S. District Chief Justice Kristi K. DuBose on Thursday approved in an order the decision of an American Arbitration Association panel that the loan contracts of Alabama resident Lillian Easley with the company WLCC II, which operates under the name of online lender Arrowhead Advance, were zero.

But Judge DuBose rejected Easley’s offer to file claims for a proposed class of Alabama loan clients who …

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Consider cash financing when your business needs capital https://lastjeudi.org/consider-cash-financing-when-your-business-needs-capital/ https://lastjeudi.org/consider-cash-financing-when-your-business-needs-capital/#respond Fri, 17 Sep 2021 13:00:00 +0000 https://lastjeudi.org/consider-cash-financing-when-your-business-needs-capital/ Opinions expressed by Contractor the contributors are theirs. You are reading Entrepreneur United States, an international Entrepreneur Media franchise. What is cash flow financing? With cash flow financing, a business gets a loan, but that loan is backed by the expected cash flow of the business. A business’s cash flow is the amount of money […]]]>

Opinions expressed by Contractor the contributors are theirs.

You are reading Entrepreneur United States, an international Entrepreneur Media franchise.

What is cash flow financing? With cash flow financing, a business gets a loan, but that loan is backed by the expected cash flow of the business. A business’s cash flow is the amount of money that flows to and from a business, over a period of time. Cash flow financing, or a cash loan, uses the generated cash flow to pay off the loan.

If a business generates positive cash flow, it means that it is getting enough cash from its income to meet its financial obligations. Banks and credit providers check positive cash flow to determine how much credit they want to extend.

You can get short term or long term cash loans. Businesses can use this form of financing if they are looking to finance their operations, buy another business, or make other large purchases.

The idea is that companies borrow on a fraction of the future cash flow they hope to generate. Banks or creditors establish a payment schedule. They base this schedule on forecasts of future cash flows and analysis of historical cash flows.

Related: Tips for Managing Cash Flow Funding

Why seek treasury financing?

A business may have a temporary decrease in its cash flow. It could come from less than stellar seasonal sales. A business can be faced with unforeseen expenses. Starting an expensive new project could create a cash flow gap.

Decreased cash flow can also come from a time-limited opportunity, like purchasing equipment at a great price. Or, businesses can experience cash flow crashes when they need to make emergency repairs to vital equipment.

Related: Positive Cash Flow and Smart Financing Solutions

Cash flow statements

All cash flows are reported on what is called a company’s cash flow statement, or CFS. This statement records the income or net profit of a business, for the period covered by the statement. The report calculates the operating cash flow from the expenses related to the management of the business. These include supplier invoices paid by the company. It also includes the operating result from sales. The statement also records all investment activities.

Investing activities include investing in securities or in the business itself, such as the purchase of equipment. The statement records all fundraising activities, such as raising capital through loans or even issuing a bond. The bottom of the cash flow statement shows the net amount of cash generated or lost for the period.

Cash flow projections

Two critical areas in any cash flow projection will be a company’s debts and receivables. A bank must take account of accounts payable. These are short-term debt obligations, such as money owed to suppliers. The bank can use cash net of debts and receivables to forecast cash flow. Banks use this amount to determine the loan amount.

The bank will also have to take account of accounts receivable. Accounts receivable serve as future incoming cash flows for the goods and services that a business sells today. Banks or credit providers will use the anticipated amounts of receivables to help determine how much money will be generated in the future.

Banking guidelines

Banks may require a minimum credit rating for a company’s outstanding debt in the form of bonds. The companies issuing bonds are assigned credit ratings. This is how the level of risk associated with investing in corporate bonds is weighed.

Cash loans versus asset-backed loans

Asset-based financing helps businesses borrow money. However, an asset on the balance sheet serves as collateral for the loan. The bank places a lien on all assets used as collateral. Assets used as collateral can include inventory, machinery, real estate, company vehicles, etc.

If the business ends up defaulting on an asset-backed loan, the bank lien allows the lender to legally seize the assets. As a result, a business can lose its ability to function.

With cash flow financing, the cash generated is used as collateral for the loan. Collateral does not come in the form of physical or fixed assets. Typical businesses that use cash flow financing often don’t have a lot of assets, like service companies. See: investopedia.com/terms/c/cash-flow-financing.asp.

Advantages

Cash loans strike a balance between the loan amount, the APR and the length of the application process. Compare this with many online unsecured loans, which can have very fast approval but a limit on the loan amount. In addition, they tend to charge a very expensive APR.

Cash flow financing can also be an improvement over traditional financing. Traditional banks offer larger loans, often over $ 1 million, and lower APRs, but funding an account can take months.

Qualification

Often times, a business must have been in business for a few years. The borrower may have to meet a certain minimum credit score requirement. They must also prove cash flow history and present accounts receivable and payable, so that the lender can determine the amount to be made available.

Take away food

Cash flow financing allows entrepreneurs to borrow against future cash flows. It is generally used for temporary needs, such as the quick purchase of equipment or the start of a new project. This can be a good solution for service industries with few traditional guarantees.

Related: Outsmart Cash Flow Problems With The Right Financial Solution


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FirstFT: US launches security pact to challenge China https://lastjeudi.org/firstft-us-launches-security-pact-to-challenge-china/ https://lastjeudi.org/firstft-us-launches-security-pact-to-challenge-china/#respond Thu, 16 Sep 2021 10:37:42 +0000 https://lastjeudi.org/firstft-us-launches-security-pact-to-challenge-china/ Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe / Africa Where Americas edition to get it delivered straight to your inbox every morning of the week. You can reach us at firstft@ft.com The United States has launched a new trilateral security partnership with the United Kingdom and […]]]>

Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe / Africa Where Americas edition to get it delivered straight to your inbox every morning of the week. You can reach us at firstft@ft.com

The United States has launched a new trilateral security partnership with the United Kingdom and Australia that will allow Canberra to build a fleet of nuclear-powered submarines, an initiative that will strengthen the allies’ ability to counter China.

President Joe Biden announced the effort, which aims to strengthen alliances amid mounting tensions with Beijing over disputes ranging from the South China Sea to Taiwan, at a virtual event yesterday with British Prime Minister Boris Johnson and his Australian counterpart Scott Morrison.

Biden said the initiative was necessary to ensure countries have the best technology to “defend against rapidly evolving threats,” in rhetoric that appeared to be aimed at Beijing.

Morrison said it was a “partnership forever. . . between the oldest and most trusted friends ”. The pact, also known as AUSUK, “represents a substantial leap in capacity for the Royal Australian Navy,” the Australian government said. Learn more about how the deal will allow Australia to bring power to the Western Pacific.

The Chinese embassy in Washington denounced the decision. “They should get rid of their Cold War mentality and ideological prejudices,” said Liu Pengyu, embassy spokesperson.

But U.S. allies in the region have welcomed the new deal. Officials in Taipei, which is at the forefront of tensions between Washington and Beijing, said the alliance would help balance China’s growing military strength and assertiveness.

“The creation of AUKUS fills the most important gap in the security network in the entire Western Pacific,” said a Taiwanese official.

Taro Kono, former Japanese Minister for Foreign Affairs and Defense and leading candidate to succeed Yoshihide Suga as Prime Minister, said: “We are very pleased that the UK is once again looking to the South African region. Peaceful. “

As part of the pact, Australia will abandon a program to buy 12 conventional submarines from France that was signed in 2016. Instead, it will buy at least eight nuclear-powered submarines, which are faster, quieter and can operate over longer ranges.

France has reacted with fury to Canberra’s decision to cancel the $ 90 billion deal with Paris. “This decision is contrary to the letter and the spirit of the cooperation which prevailed between France and Australia”, declared Jean-Yves Le Drian, French Minister of Foreign Affairs, and Minister of Defense Florence Parly.

What are your thoughts? Do you think China poses a military threat in the Asia-Pacific region? Email me at gordon.smith@ft.com. Thanks for reading and here’s the rest of today’s news – Gordon

Five other articles in the news

1. Goldman acquires specialist lender GreenSky The Wall Street investment bank has agreed to buy online loan provider GreenSky for $ 2.2 billion as it continues to strengthen its presence in consumer lending. This is Goldman’s second multibillion-dollar acquisition in less than a month and highlights CEO David Solomon’s intention to transform the investment bank into a more consumer-oriented financial institution.

2. Biden-backed drug pricing proposal hits a roadblock Joe Biden’s hopes for legislation that would allow the US government to negotiate lower prices for drugs for the elderly were shaken yesterday. Three moderate members of the presidential party on the House of Commons Energy and Trade Committee voted against the measure, defeating the bill and offering a significant victory for pharmaceutical companies.

3. Dalio warns regulators could ‘kill’ bitcoin Ray Dalio, the founder of Bridgewater Associates, said regulators would shut down bitcoin if the cryptocurrency got too efficient and dismissed predictions from Cathie Wood of Ark Invest that its price would increase tenfold in five years. Do you agree with Wood’s prediction? Vote in our poll.

4. American envoy: Ghani’s escape derailed last-minute deal with the Taliban Afghan President Ashraf Ghani’s decision to flee the country last month thwarted a last-minute deal with the Taliban to keep Kabul out of Islamist hands and negotiate a political transition, the US talks diplomat said with the Taliban.

5. Macau casino stocks lose $ 20 billion The Macau government yesterday opened a 45-day public consultation on revising its gambling law, wiping out more than $ 20 billion from the market value of listed gambling operators. The news impacted the actions of many American parents in the group, including MGM Resorts International and Las Vegas Sands.

Coronavirus digest

  • Pfizer and Moderna said protection against their vaccines may weaken over time as the U.S. drug regulator prepares to consider whether to approve a booster program.

  • Los Angeles The county is set to expand its proof of Covid-19 vaccination requirements for indoor venues such as bars and nightclubs and outdoor “mega-events” such as concerts and sports matches.

  • from China the economic slowdown worsened in August as epidemics exposed continued weakness in consumer spending.

  • Vaccinated travelers will no longer need to take a Covid-19 test before entering England, ministers will announce later this week.

The day to come

Data Retail sales data for August is expected to be released and is expected to show a decline of 0.8 percent from July. The state’s initial jobless claims for the week ended September 11 are also expected to be released.

Corporate events Ford is expected to make an electric vehicle announcement. Yesterday the autonomous start-up Argo AI revealed plans for an autonomous vehicle delivery service in Miami, Austin and Washington DC, in partnership with Ford and Walmart. (Reuters)

Macron-Merkel dinner Elysée Palace French President Emmanuel Macron and German Chancellor Angela Merkel meet today to discuss EU and Afghanistan policy.

Shanghai Cooperation Organization Annual Summit The foreign ministers of China, Russia, Iran and Pakistan will meet at the Tajikistan capital of Dushanbe. Virtual attendees, discussing how to deal with the new Taliban leadership in Kabul, include Vladimir Putin and Xi Jinping. (Bloomberg)

What else do we read and listen to

Russian elections: persecutions and distribution of money The outcome of Sunday’s Duma elections may have been decided in advance: United Russia should retain its constitutional majority. But as soaring food prices and falling real incomes have driven approval rates to record levels, Vladimir Putin is working hard to crack down on dissent.

Vladimir Putin in a montage with protesters and a Russian calendar marking September 19

The unprecedented crackdown on dissent has underscored the extent to which the Kremlin views perceived foreign threats as the crucial obstacle to its continued survival © FT montage; AP, Getty Images

Rise in sports betting fuels demand for data custodians The legalization of US sports betting is driving a new demand for statistics on players, games, teams and performances. Two sports data companies have established themselves as custodians of this wealth of information: Sportradar Group and Genius Sports. For more information on sports affairs, subscribe to the dashboard email.

The crackdown on financial bloggers in China Beijing has launched a crackdown on financial blogging and social media, a move that risks exacerbating a chronic problem plaguing the world’s second-largest economy: a dearth of reliable data.

Is Canada on the verge of a major political turn? Canadians go to the polls on Monday. The snap elections will be a verdict on Prime Minister Justin Trudeau’s handling of the coronavirus pandemic. Ahead of the vote, Gideon Rachman, chief foreign affairs columnist, is joined by Darrell Bricker, author of several books on Canadian politics, to discuss the elections in this week’s Rachman Review podcast.

Call to Find the Fastest Growing U.S. Companies 2022 The FT, in partnership with Statista, seeks to identify the 500 companies in the Americas with the highest revenue growth between 2017 and 2020. To apply for a place in the third annual FT ranking of companies in North America, Central and from the south here and to explore current rankings go here.

To travel

Yasuto Kamoshita, co-founder of Japanese clothing brand United Arrows, shares his insider’s guide to Tokyo. “A lot of the best stores are a mishmash of different things, both classic and street, creating a scrambled style,” he writes.

Recommended newsletters for you

Due diligence – The best stories from the world of corporate finance. Register now here

Moral money – Our essential newsletter on socially responsible business, sustainable finance and more. Register now here


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Malayali brothers arrested in Delhi for online loan fraud | Kerala News https://lastjeudi.org/malayali-brothers-arrested-in-delhi-for-online-loan-fraud-kerala-news/ https://lastjeudi.org/malayali-brothers-arrested-in-delhi-for-online-loan-fraud-kerala-news/#respond Sun, 12 Sep 2021 06:28:11 +0000 https://lastjeudi.org/malayali-brothers-arrested-in-delhi-for-online-loan-fraud-kerala-news/ Kochi: Thrissur Cybercrime Police arrested Vivek Prasad and Vinay Prasad, the Malyali brothers living in New Delhi, for siphoning thousands of rupees from the public, especially those in Kerala, by promising bogus loans online. The brothers were arrested at a time when Kochi City Cyber ​​Police and Panangad Police were investigating the fraud. The police […]]]>

Kochi: Thrissur Cybercrime Police arrested Vivek Prasad and Vinay Prasad, the Malyali brothers living in New Delhi, for siphoning thousands of rupees from the public, especially those in Kerala, by promising bogus loans online.

The brothers were arrested at a time when Kochi City Cyber ​​Police and Panangad Police were investigating the fraud. The police team led by Deputy Commissioner Y. Nizamuddhin and the Inspector of Panangad KNManoj Post are now questioning them.

A gang led by them used to commit online loan fraud on behalf of bogus financial companies. They had siphoned off Rs 1.5 lakh from Prabhilal of Panangad by promising him a loan of Rs. 2 lakh The accused also took Rs.20 lakh from a native of Malappuram promising a loan for a huge sum.

Police were told that around 20 people, fluent in several languages, were part of the gang led by the brothers.

The brothers were born and raised in Delhi. Their father is from Karthikapally in Haripad and their mother is from Tiruvalla.

SMS fraud
The public was drawn to these SMS scammers by promising loans at one percent interest for women and 2 percent for men.

Those who found themselves trapped in this offer were then called in by someone posing as an “executive agent”. He would ask them to send copies of their bank statements, Aadhaar Card and Pan Card via WhatsApp. Later, a loan approval letter will be sent by the scammers.

The revised version of the agreement, which was readily available on the websites of reputable banks, was sent to the person. Subsequently, unsuspecting people were asked to pay a deal fee. For this, the existing bank account numbers in Chhattisgarh and Madhya Pradesh were used.

After the agreement fee was paid, an agreement letter was sent to the person. Again, the gang used to ask for more money through sight draft, claiming that the loan amount did not go into the person’s bank account.

They would also ask attracted people to pay more for insurance and taxes. Finally, after siphoning the maximum amount from the public, they would withdraw money from ATMs in Delhi and then turn off their cell phones.


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Slick Cash Loan offers online loans across the United States with its reliable network of direct lenders https://lastjeudi.org/slick-cash-loan-offers-online-loans-across-the-united-states-with-its-reliable-network-of-direct-lenders/ https://lastjeudi.org/slick-cash-loan-offers-online-loans-across-the-united-states-with-its-reliable-network-of-direct-lenders/#respond Thu, 09 Sep 2021 09:17:12 +0000 https://lastjeudi.org/slick-cash-loan-offers-online-loans-across-the-united-states-with-its-reliable-network-of-direct-lenders/ Slick Cash Loan offers loans across the United States with the support of a very reliable network of direct lenders. Slick Cash Loan, the popular online loan service known for its wide range of lending options, all offered online, is present across the country. This has become possible because they have created a network of […]]]>

Slick Cash Loan offers loans across the United States with the support of a very reliable network of direct lenders.

Slick Cash Loan, the popular online loan service known for its wide range of lending options, all offered online, is present across the country. This has become possible because they have created a network of direct lenders who provide good service.

We specialize in providing online loans to those who are in dire need of money for various needs, explains the spokesperson for Slick Cash Loan. You can apply for a loan online and get the funds you need quickly if you meet certain conditions. We have established a highly reliable network of direct lenders to serve our clients quickly, professionally and efficiently.

Slick Cash Loan Reliable Direct Lenders help borrowers with the cash they need to get through a difficult financial situation. The biggest advantage of using direct lenders is that customers can receive money as quickly as possible – within 24 hours in most cases. This can help them meet their inevitable financial obligations without any hassle.

The online loan approval method offered by Slick Cash Loan is known for its improved efficiency and disbursement speed. Customers just need to complete an online application and get the financial help they need.

The network of direct lenders associated with Slick Cash Loan is a group of individuals and not a corporate bank. Banks have a very rigid loan policy involving credit checks and lots of documents.

In the type of lending methods used by Slick Cash Loan, lenders can make decisions within minutes. Unlike banks, they don’t take days or weeks to make a decision. Customers can even have the funds they need in the bank account on the same day.

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Company Name: Slick cash loan
Contact: Snow brand
E-mail: Send an email
Telephone: (888) 200-7445
Address:1125 Broadway Street # 545
City: Glendale
State: California
Country: United States
Website: https://slickcashloan.com/


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What remains of communism in China? https://lastjeudi.org/what-remains-of-communism-in-china/ https://lastjeudi.org/what-remains-of-communism-in-china/#respond Fri, 03 Sep 2021 13:21:07 +0000 https://lastjeudi.org/what-remains-of-communism-in-china/ Two skyscrapers are illuminated during a light show to celebrate the 100th anniversary of the founding of the Chinese Communist Party on June 25, 2021 in Chengdu, Sichuan Province. (Liu Yan / VCG via Getty Images) Has the Chinese Communist Party (CCP), 100 years old this year, become a capitalist? Since the introduction of Deng […]]]>

Has the Chinese Communist Party (CCP), 100 years old this year, become a capitalist? Since the introduction of Deng Xiaoping’s economic liberalization reforms 40 years ago, more than 800 million people have been lifted out of poverty and the one-party state is now the world’s second-largest economy, the largest if calculated. in purchasing power parity, with 18% of world GDP. The introduction of the market economy and the acceleration of growth have been accompanied by an exponential increase in inequalities: the Gini coefficient, which measures the extent of inequalities, increased by 15 points between 1990 and 2015 (latest figures available)

These changes have facilitated private sector growth, but the state retains direct control over much of the economy – the public sector accounts for around 30% – making China a textbook case of state capitalism. Moreover, the CCP has largely succeeded in co-opting the elites produced by this liberalized economy. But if the communist ideology no longer informs the recruitment of the party, its Leninist organizational structure remains central in the relationship between state and capital.

The CCP, which continues to grow and now has some 95 million members (about 6.5% of the population), has gradually evolved into a “white collar” organization. In the early 2000s, then President Jiang Zemin lifted the ban on recruiting private sector entrepreneurs, previously considered class enemies, so that the CCP no longer represents just the “revolutionary” classes. – workers, peasants and soldiers – but also the “advanced productive forces” of the country.

Selected businessmen and women become members of the political elite, ensuring that their businesses are at least partially protected from predatory officials. Their membership in the CCP gained momentum under President Xi Jinping (from 2013), with the aim of forming “a group of business people determined to walk with the Party.”

A need for a “festive spirit”

As a result, the CCP quickly became more and more elitist. In 2010, the number of “professionals and executives” with higher education qualifications already equaled the number of peasants and workers. Ten years after, they exceeded them, representing 50 percent of the membership, against less than 35 percent of the workers and peasants.

If “working for communism” was one of the main reasons for joining the Party during the Maoist era (1949-1976), today’s motivations are more pragmatic: above all facilitate professional advancement. Indeed, internal training shows that the PCC presents itself as a managerial structure of neoliberal inspiration, aimed at effective management of the population and the economy.

However, the minimal importance given to communist ideology does not diminish the high level of allegiance and “party spirit” required of CCP members. Like corporate culture, this aims to ensure the success of the Party itself by creating a sense of belonging. It is also tinged with nationalism. Members are regularly reminded of the Party’s centrality in China’s transformation, whether during training sessions or through the development of “red tourism” – visiting places linked to the history of the revolution.


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FACTBOX-From technology to entertainment, the season of regulatory repression in China https://lastjeudi.org/factbox-from-technology-to-entertainment-the-season-of-regulatory-repression-in-china/ https://lastjeudi.org/factbox-from-technology-to-entertainment-the-season-of-regulatory-repression-in-china/#respond Thu, 02 Sep 2021 09:39:00 +0000 https://lastjeudi.org/factbox-from-technology-to-entertainment-the-season-of-regulatory-repression-in-china/ (Updates with new rules for the entertainment industry) September 2 (Reuters) – China launched a multi-pronged crackdown on a wide range of industries, leaving startups and decades-old businesses to operate in a new uncertain environment. The following sectors are under regulatory pressure: ENTERTAINMENT Authorities on Thursday called on broadcasters to avoid artists with what they […]]]>

(Updates with new rules for the entertainment industry)

September 2 (Reuters) – China launched a multi-pronged crackdown on a wide range of industries, leaving startups and decades-old businesses to operate in a new uncertain environment.

The following sectors are under regulatory pressure:

ENTERTAINMENT

Authorities on Thursday called on broadcasters to avoid artists with what they call incorrect political positions and effeminate styles, strictly enforce pay caps for actors and guests, and cultivate a “patriotic atmosphere. “for industry.

This marked the expansion of a campaign that targeted what authorities have described as a “chaotic” celebrity fan culture. Last month, China banned platforms from posting popularity lists and regulated the sale of merchandise to fans in August after a series of controversies involving performers.

GAMING COMPANIES

Regulators have reduced the time gamers under the age of 18 can spend playing online games to one hour of play on Fridays, weekends and holidays, in response to growing concerns about gambling addiction, the officials said. state media Aug. 30.

SHARING ECONOMY

The State Administration of Market Regulation (SAMR) announced on Monday that it would further regulate the sharing economy, an industry that includes companies that facilitate ridesharing, bike sharing, home sharing and even car sharing. pooling of batteries for telephones.

IPO TECH COMPANIES

China is developing rules that prohibit internet companies whose data poses potential security risks from registering outside the country, including the United States, according to a person familiar with the matter.

The ban should also be imposed on companies involved in ideological issues, the person said, declining to be identified as the matter is private.

CLOUD COMPUTING

China is building its own state-backed cloud system – ‘guo zi yun’ – which translates to ‘state asset cloud’, posing a direct threat to tech giants such than Alibaba, Huawei and Tencent Holdings.

Tianjin City has asked city-controlled companies to migrate their data from private sector operators like Alibaba Group and Tencent Holdings to a state-backed cloud system by next year, according to a document viewed by Reuters.

PLATFORM ECONOMY

China is seeking to strengthen surveillance of algorithms that tech companies, including e-commerce companies and social media platforms, use to target users.

China’s Cyberspace Administration said in a statement on Friday that companies should abide by business ethics and principles of fairness, and should not set up model algorithms that trick users into spending large sums of money. ‘money or to spend money in a way that may disturb public order.

In April, the State Administration of Market Regulation imposed a record fine of $ 2.75 billion on Alibaba for engaging in the “choose one out of two” practice, in which a platform e-commerce platform prohibits vendors from selling on competing sites.

The regulator has also fined small businesses for other practices related to consumer rights and labor.

In May, he fined JD.com 300,000 yuan for spreading false information about its food products.

The regulator has also ordered food delivery companies to better protect workers.

EDUCATION

Beijing introduced regulations prohibiting for-profit private tutoring companies from raising capital overseas.

The rules also state that tutoring centers must register as non-profit associations, cannot offer curricula for subjects already taught in public day schools, and prohibit classes on weekends and on weekends. holidays.

A competitive higher education system has made tutoring services popular with parents, but the government has sought to lower the cost of raising children in a bid to boost a lagging birth rate.

ONLINE FINANCING

In November, shortly before Ant Group Co Ltd’s listing in what would have been a record-breaking share sale, banking regulators released draft rules calling for tighter monitoring of online lending, in which Ant was an important player.

The regulations set limits on interprovincial online loans and capped loans to individuals.

The next day, the People’s Bank of China halted Ant Group’s IPO. In April, the regulator asked Ant to separate his payments business from his personal finance business.

RIDE-HAILING

In June, the Cyberspace Administration of China (CAC) asked large rideshare company Didi Chuxing to stop accepting new users, days after its IPO on the New York Stock Exchange.

This reduced the company’s share price by about a fifth.

Analysts and investors say the measures involving Didi have more to do with big data and overseas quotes of Chinese companies than competitive practices.

The regulator initially cited breaches of consumer privacy, but then released a separate set of regulatory proposals allowing Chinese data-rich companies to complete a security review before registering overseas.

At the time of the CAC investigation, the market regulator forced Didi and other companies to pay fines of 500,000 yuan for failing to report small business acquisitions.

BITCOINS

In May, three financial regulators expanded restrictions on China’s cryptocurrency industry by banning banks and online payment companies from using cryptocurrency for payment or settlement.

They also banned institutions from providing exchange services between cryptocurrencies and fiat currencies, and banned fund managers from investing in cryptocurrencies as assets.

In the weeks that followed, provincial governments took action to curb bitcoin mining.

The restrictions sparked a wave of mining closures, with the state-linked Global Times newspaper estimating that 90% of mining operations would close in the short term.

GOODS

The Housing Ministry and seven other regulators have called on the property management industry to “improve order.”

As the economy improves after a 2020 slump due to the coronavirus, authorities have stepped up efforts to curb rampant real estate borrowing this year, in hopes of avoiding an asset bubble.

Other regulatory measures include borrowing caps on developers known as the “three red lines” and caps on mortgage lending by banks. (Reporting by Josh Horwitz and Brenda Goh Editing by Carmel Crimmins and Mark Potter)


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