| Updated: Feb. 19, 2021, 10:56 p.m.
Utah consumers now face the nationâs second-highest typical rate for payday loans: 652% annual interest, a new study says.
The only state where the average rate is higher is Texas at 664%, while Utahâs rate is tied with neighboring Nevada and Idaho, according to the nonprofit Center for Responsible Lending (CRL).
Charla Rios, a researcher at CRL, said the reason for Utahâs high rates is that it has no cap on the interest that lenders may charge. She found that in most states, their average payday loan rates essentially match their cap on interest â but the sky is the limit in Utah.
Global debt surged to US$281 trillion last year amid government efforts to offset the impact of the coronavirus, according to the Institute of International Finance (IIF).
Radient Technologies Inc.: Radient Technologies Announces Shares for Debt Arrangements and Grants Stock Options
Radient Technologies Inc. (
TSXV: RTI) (OTCQX: RDDTF) ( Radient or the Company ), a manufacturer of high quality cannabinoid based formulations and products, announces that it has entered into a series of shares for debt arrangements with various creditors for up to $6M at a deemed value of $0.11 per share. This includes $2.2M of conversion of secured debt from Akaura Holdings and an additional $1M of conversion of indebtedness into shares by Fillmore Construction Management. This is a part of the growing faith and confidence in the business prospects for Radient in 2021 and steps initiated by the new management to turn the business into a positive operating cash flow in 2021. It also forms a core part of the management strategy to de-lever Radient s balance sheet to position Radient to execute and deliver on its business plans. The management is committed to achievin
Latino-owned businesses seeing record growth despite racial disparities in lending
and last updated 2021-02-18 14:32:35-05
New research is showing racial bias in banking, particularly toward the fastest growing group of small business owners in the United States: Latinos.
Data collected by the Stanford Latino Entrepreneurship Initiative shows Latino business ownership grew 34% over last 10 years compared to 1% growth from all other business owners.
In addition, Latino businesses grew revenue at a faster rate and Stanford Universityâs research shows the growth is seen in all sectors, not just the service sector. Even more, the trend has been tracked across the U.S. in 45 out of the 50 US states.
GSFI Finalizes Payoff of Convertible Promissory Note to EMA Financial, LLC
Brooklyn, New York (Newsfile Corp. - February 18, 2021) - Green Stream Holdings Inc. (OTC Pink: GSFI) ("the Company") (http://www.GreenRainSolar.com