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U & I Financial Corp Reports Second Quarter 2021 Financial Results

U & I Financial Corp. Reports Second Quarter 2021 Financial Results ACCESSWIRE 30 Jul 2021, 06:05 GMT+10 LYNNWOOD, WA / ACCESSWIRE / July 29, 2021 / U & I Financial Corp. (OTCQX:UNIF), the holding company for UniBank, today reported record quarterly earnings of $2.2 million or $0.41 per share in the second quarter, as compared to $1.5 million or $0.26 per share for the same quarter of 2020, increasing by $787 thousand or 54.1%, primarily due to higher gain on sale of government guaranteed loans. As of June 30, 2021, total assets reached a record, $417.1 million, increasing by $36.7 million or 9.6% from the year earlier period of $380.4 million. Net loans ended at $274.5 million, decreasing by $7.0 million or 2.5% from the year earlier period of $281.5 million, primarily due to the SBA PPP Loan forgiveness activities. However, loans held for sale increased by $12.7 million from last year, outweighing the net loans decrease. Finally, total deposits grew by $34.4 million or 11.0% to

NRAI s suggested changes to e-commerce rules focus on food delivery platforms

16 hours ago The NRAI reasoned that Zomato and Swiggy fall under the ambit of the rules by citing the platforms’ FDI funds and their recent moves to enter the grocery delivery market.  The National Restaurant Association of India (NRAI), which represents over 5 lakh restaurants across India, appreciated the proposed amendments to e-commerce rules and suggested some modifications such as holding entities with significant market power responsible and not just ones that hold the dominant position, making restaurant-ranking policy clearly visible, disallowing promotions through loyalty programmes like Zomato Gold and Swiggy Super, and preventing the use of information collected on behalf of restaurants for the private gain of the platforms.

[Webinar] 2021 Consumer Protection Litigation Report - August 12th, 9:00 am - 9:30 am PDT | Lex Machina

[Webinar] 2021 Consumer Protection Litigation Report - August 12th, 9:00 am - 9:30 am PDT | Lex Machina
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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