Game industry

Ballot proposal would cap ‘predatory’ interest rates for payday loans

LANSING, MI — A polling committee is busy asking a question about the November ballot that would prevent payday lenders from charging “predatory” interest rates if approved by voters. The Michiganders for Fair Lending campaign officially launched its petition-raising effort Wednesday to cap high interest rates on payday loans, payday loan advocates say are creating […]

Game developer

Game Developer MihoYo Launches Metaverse Brand HoYoverse

popular video game Genshin Impact Developer MiHoYo has joined Meta, Microsoft, Alibaba and others to enter the Metaverse. The Shanghai-based company announced the launch of its Metaverse brand HoYoverse on February 14, and the news is gaining momentum. The brand aims to provide players with immersive experiences in the virtual world through its various entertainment […]

Game industry

Is San Antonio FloatMe a Safer Alternative to Payday Loans?

FloatMe, a San Antonio tech startup that gives workers cash advances on their next paycheck, said it has increased $16.2 million from investors during its last fundraising. Overall, the startup has raised $49.1 million in funding since June 2019, including $25 million in debt funding, according to Crunchbase, which tracks investments in tech companies. FloatMe’s […]

Game industry

During the quarantine, the number of long-term online direct lenders has increased

Microfinance market participants are seeing an increase in the share of microloans issued for a long period – up to one year. But the maturities of these loans are also reduced and the loans are repaid earlier than expected. According to Forbes in the fourth quarter of 2021, the share of long term Hart Loan […]

Game industry

US banks ease standards for online payday loans

The pandemic and subsequent lockdowns have slowed economic development in many countries around the world. The United States has not become an exception. The national government is currently struggling with a surplus. Meanwhile, average people and small businesses have to struggle with their financial challenges. As a result, some urgent measures had to be taken. […]

Game industry

NCUA Enables Service Organizations to Make Auto and Payday Loans | Credit Union Journal

The National Credit Union Board of Directors approved a final rule which will allow credit union service organizations to engage in any type of lending authorized for federal credit unions. Currently, CUSOs – companies owned by credit unions to provide financial or operational services to institutions or their members – are only authorized to offer […]