Money Management – Its Mardan http://itsmardan.com/ Thu, 02 Dec 2021 22:52:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://itsmardan.com/wp-content/uploads/2021/05/its-mardan-icon-150x150.png Money Management – Its Mardan http://itsmardan.com/ 32 32 Buy now Pay shares later for December 2021 • Benzinga http://itsmardan.com/buy-now-pay-shares-later-for-december-2021-benzinga/ Thu, 02 Dec 2021 22:52:14 +0000 http://itsmardan.com/buy-now-pay-shares-later-for-december-2021-benzinga/ Go straight to Webull! Get real-time market data, analysis tools, and $ 0 commissions.

Financial services companies continue to grow and develop every day due to a highly concentrated market and expansive commerce. Investing is managed in different ways, and there has never been a time so easy to invest. Buy Now, Pay Later (BNPL) stocks are just another example.

The stocks offered by BNPL offer a new twist to consumer loan payments, and it’s a common investment to diversify your portfolio. As a result, the market became popular with Bank of America stating that the BNPL market could grow 10 to 15 times by 2025.

Are you curious about buying now, paying for stocks later? Learn more now with the guide from Benzinga.

Best Buy Now Pay Later shares

Now that you have a better understanding of the service, here are some of the best buy now and pay for later stocks that you might want to invest in.

To affirm

symbol Society % Switch Price Invest

AFRM

Affirm holdings
$ 113.75 Buy stocks

Affirm operates as a financial lender of installment loans to consumers, allowing them to finance purchases and pay over time. It does not charge any additional fees and no late fees are charged in the event of non-payment.

The company recently partnered with Amazon to enable buy now and pay for later purchases. He earns money on the basis of interest payments, which vary between 0% and 30%, depending on the time of repayment. It is easy to set up and there are no upfront costs.

While the downsides include a slightly high interest rate (up to 30%), taking out a loan can affect your credit rating. Keep in mind that Affirm also doesn’t report payments to the credit bureaus on time, so you can’t increase your credit.

Pay Pal

symbol Society % Switch Price Invest

PYPL

PayPal funds
$ 187.15 Buy stocks

PayPal recently took the BNPL train with its service, allowing users to opt for the payment mechanism. It recently acquired Payy, a Japanese BNPL platform, for $ 2.7 billion. This transaction gave PayPal access to Paydy’s 6 million registered users.

PayPal has now extended its BNPL services to the United States, France, Germany and the United Kingdom. Additionally, the company recently reported that around 7 million consumers have used the BNPL service.

PayPal is a leader in the digital economy and online payment solutions, so it is a major and important player in the BNPL space.

Amazon

symbol Society % Switch Price Invest

AMZN

Amazon.com
$ 3,437.36 Buy stocks

Global powerhouse Amazon recently adopted the BNPL service, eyeing significant potential for its customers. The company has expanded its partnership with Affirm to help further provide service to its broad customer base.

The payment option is open to Amazon customers around the world. The addition of the BNPL service will likely only strengthen its significant market share and attract more customers to the platform.

Shopify

symbol Society % Switch Price Invest

STORE

Shopify
$ 1,446.17 Buy stocks

Shopify has joined the BNPL hype by partnering with Affirm. With the introduction of Shop Pay, customers are allowed to split their purchases into 4 equal payments with 0% interest and no hidden charges.

After payment

Afterpay is currently listed in Australia. However, in August, Square announced a deal to acquire the company for $ 29 billion. The transaction is expected to close in the first quarter of 2022.

Square plans to offer its BNPL service to its US customers by early 2022 and plans to expand to other regions such as Canada, New Zealand, the UK and Europe.

Best Online Stock Brokers

BNPL’s growth has been tremendous lately, and it shows no signs of slowing down. Here’s a look at some of Benzinga’s favorite online stock brokers.

What is a Buy Now, Pay Later service?

A buy now pay later service is a consumer loan program that has grown in popularity in recent times. When you opt for the service, you agree to the terms of the payment plan, where you make a purchase, receive the product, and pay it back over time at a later date.

In most cases, the purchase must be for a certain amount, and interest may be paid on top of the loan. As the market has grown, more and more capacities are satisfied.

The greater purchasing power gives more power to the customer, but all parties can benefit from it. Plus, the services provide convenience and an alternative option to credit, and in many cases, you receive the purchase up front instead of having to pay it off in full.

Stocks such as Amazon, Target, and American Airlines have joined the service. Square also recently announced the acquisition of Afterpay, a leader in the BNPL industry. Buying Now Paying Later continues to become more accessible and widely used.

In recent times, buy now pay later stocks have grown in popularity, with stock prices for some stocks making big gains. Paydy’s acquisitions from PayPal highlight the growing benefits that buy now and pay later plans can bring and why they are deemed so desirable by customers.

The idea of ​​paying in installments without waiting for the product appeals to consumers and creates a real demand for service. Consumers seem to be comfortable with small payments and choosing when to make payments. Some BNPL deals earn little or no interest and offer quick approval.

In the case of BNPL stocks, most of the leading stocks need good credit because of the risk and profitability for the business of buying it now and paying on it.

Huge predictions, big payouts

Buy Now, Pay Later continues to grow and receive strong forecasts for the future. Allied Market Research has reported that the market could be worth nearly $ 4 trillion by 2030.

The number of buyers who use BNPL continues to grow and the space will undoubtedly be an exciting market for the future.

Frequently Asked Questions

Can I buy something and pay later?

1

Can I buy something and pay later?

demand

Sam Boughedda, Stock Analyst

1

Buying something now and paying later can be a convenient way to shop for an item or service without having to put money aside then. It is an option that many companies are starting to offer, but it is essential that the individual meets the payment deadlines on time and uses the service wisely.

Reply link

answered

Benzinga

1

Does Amazon Pay Later?

demand

Sam Boughedda, Stock Analyst

1

Amazon offers a post-payment service that allows customers to purchase an item and pay the cost at a later date or over a period of time in installments. You must complete an online setup process to access these benefits, and you will need an Amazon account.

Reply link

answered

Benzinga

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Analysts Expect Cathay General Bancorp (NASDAQ: CATY) to Report Quarterly Sales of $ 165.43 Million http://itsmardan.com/analysts-expect-cathay-general-bancorp-nasdaq-caty-to-report-quarterly-sales-of-165-43-million/ Wed, 01 Dec 2021 08:02:37 +0000 http://itsmardan.com/analysts-expect-cathay-general-bancorp-nasdaq-caty-to-report-quarterly-sales-of-165-43-million/

Wall Street analysts expect Cathay General Bancorp (NASDAQ: CATY) to report revenue of $ 165.43 million for the current quarter, Zacks investment research reports. Three analysts have made estimates for Cathay General Bancorp’s earnings. The lowest sales estimate is $ 164.40 million and the highest is $ 166.00 million. Cathay General Bancorp posted sales of $ 151.27 million in the same quarter last year, which would indicate a positive 9.4% year-over-year growth rate. The company is expected to report its next quarterly results on Wednesday, January 26.

According to Zacks, analysts expect Cathay General Bancorp to report annual revenue of $ 643.10 million for the current year, with estimates ranging from $ 643.00 million to 643.30 million. millions of dollars. For the next fiscal year, analysts expect the company to post sales of $ 699.60 million, with estimates ranging from $ 691.90 million to $ 705.20 million. Zacks sales averages are an average based on a survey of seller-side research companies that provide coverage for Cathay General Bancorp.

Cathay General Bancorp (NASDAQ: CATY) last released its quarterly results on Sunday, October 24. The bank reported earnings per share of $ 0.93 for the quarter, beating Zacks’ consensus estimate of $ 0.91 by $ 0.02. Cathay General Bancorp had a net margin of 41.32% and a return on equity of 12.00%. The company posted revenue of $ 164.70 million for the quarter, compared to analysts’ expectations of $ 164.30 million. During the same period of the previous year, the company posted EPS of $ 0.71. The company’s revenue for the quarter increased 2.6% year-over-year.

A number of equity analysts have recently weighed on CATY stocks. Truist Securities raised its price target for Cathay General Bancorp shares from $ 40.00 to $ 44.00 and assigned the stock a “hold” rating in a research note on Monday, August 30. Zacks investment research downgraded Cathay General Bancorp shares from a “buy” note to a “conservation” note in a Wednesday October 27th research note. Finally, Truist increased its price target on Cathay General Bancorp shares from $ 40.00 to $ 44.00 and assigned the company a “conservation” rating in a research note on Monday, August 30. Five analysts rated the stock with a conservation rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $ 45.

(A d)

A popular Seattle cannabis maker is now teaming up with other companies to produce a new line of cannabis-infused drinks. It’s the perfect timing. A new report reveals that sales of cannabis drinks will reach $ 2.8 billion by 2025, growing at a compound annual rate of 17.8%.

In related news, EVP Kim R. Bingham sold 3,000 shares in a trade that took place on Friday, October 29. The shares were sold at an average price of $ 42.68, for a total trade of $ 128,040.00. The transaction was disclosed in a file with the Securities & Exchange Commission, available at the SEC website. Company insiders own 4.23% of the company’s shares.

A number of large investors have recently changed their holdings in CATY. Amundi acquired a new stake in Cathay General Bancorp in the second quarter for a value of approximately $ 15,353,000. FMR LLC increased its position in Cathay General Bancorp by 19.6% in the second quarter. FMR LLC now owns 1,549,096 shares of the bank valued at $ 60,972,000 after acquiring an additional 253,749 shares during the last quarter. State Street Corp increased its position in Cathay General Bancorp by 6.9% in the second quarter. State Street Corp now owns 3,727,585 shares of the bank valued at $ 146,718,000 after acquiring an additional 241,094 shares in the last quarter. Millennium Management LLC increased its position in Cathay General Bancorp by 284.5% in the second quarter. Millennium Management LLC now owns 322,756 shares of the bank valued at $ 12,704,000 after acquiring an additional 238,814 shares during the last quarter. Finally, Nordea Investment Management AB strengthened its position in Cathay General Bancorp by 98.6% in the third quarter. Nordea Investment Management AB now owns 395,574 shares of the bank valued at $ 16,720,000 after acquiring an additional 196,350 shares during the last quarter. 68.71% of the capital is held by institutional investors.

NASDAQ: CATY open at $ 41.91 Wednesday. The company has a debt ratio of 0.07, a rapid ratio of 1.04, and a current ratio of 1.04. Cathay General Bancorp has a fifty-two week minimum of $ 28.10 and a fifty-two week maximum of $ 46.42. The company has a market cap of $ 3.24 billion, a PE ratio of 11.30 and a beta of 1.41. The stock’s fifty-day moving average is $ 42.48.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 9. Shareholders of record on Monday, November 29 will receive a dividend of $ 0.44. This represents a dividend of $ 1.76 on an annualized basis and a return of 4.20%. This is a positive change from Cathay General Bancorp’s previous quarterly dividend of $ 0.31. The ex-dividend date of this dividend is Friday, November 26. Cathay General Bancorp’s dividend payout ratio is 36.66%.

About Cathay General Bancorp

Cathay General Bancorp is a holding company which provides financial services. It offers commercial mortgages, commercial loans, small business administration loans, residential mortgages, real estate construction loans, home equity lines of credit and personal installment loans for expenses. automobiles, housework and other consumer expenses.

Feature article: Investment strategies using the yield curve

Get a Free Copy of Zacks’ Research Report on Cathay General Bancorp (CATY)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Cathay General Bancorp Profit History and Estimates (NASDAQ: CATY)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Cathay General Bancorp now?

Before you consider Cathay General Bancorp, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold of … and Cathay General Bancorp was not on the list.

While Cathay General Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here

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Give the Gift of Duck Donuts® this Holiday Season with a New Digital Gift Experience | Business http://itsmardan.com/give-the-gift-of-duck-donuts-this-holiday-season-with-a-new-digital-gift-experience-business/ Mon, 29 Nov 2021 19:20:00 +0000 http://itsmardan.com/give-the-gift-of-duck-donuts-this-holiday-season-with-a-new-digital-gift-experience-business/

Offer duck fritters® This holiday season with a new digital gift experience

Company launches digital gift card option, powered by GiftNow






Limited-time holiday assortment with mint frosting flavor and festive holiday sprinkles returns to all locations

MECHANICSBURG, PA (November 29, 2021) – Giving Duck Donuts and giving smiles just got a whole lot easier with the launch of the enhanced Duck Donuts personalized digital gift card program. Through GiftNow, an integrated gift card and product giveaway solution for retailers and merchants, customers can order digital gift cards directly from the Duck Donuts website with ease.

“With our new digital gift experience, we are raising our level of personalized comfort for our customers who wish to sprinkle happiness with the gift of Duck Donuts to their family, friends and colleagues near and far,” said April Hoelscher , Vice President of Duck Donuts Marketing. “Our goal for our new digital gift cards isto provide a seamless customer experience and allow our customers to interact with our brand in the way that best suits their needs.






2021_DuckDonuts_Winter_DW1_0680.jpg

Available in seasonal, generic, or special occasion designs, digital gift cards can be easily emailed, texted, or printed and hand delivered. Guests can add a personalized written, video, or photo greeting that the recipient will see when opening the animated gift online. Gift card denominations are available in preset values ​​of $ 10, $ 25, $ 50, $ 75, $ 100, or there is an option to customize the amount, and can be redeemed in store or in line.

Gift now, a Synchrony solution (NYSE: SYF), helps transform the process of giving and receiving digital gifts and gift cards. As the premier holistic gift experience management (GXM) platform, GiftNow enables Duck Donuts customers to deliver digital gift cards in seconds with personalized greeting and digital packaging of your choice. the sender.






2021_DuckDonuts_Winter_DW1_0655.jpg

“Developing personalized customer experiences for gifts is key to delighting customers and meeting customer needs in the moment,” said Pari Raccah, Managing Director of GiftNow at Synchrony. “GiftNow helps make gift cards a memorable experience, so Duck Donuts can build lasting fans of both the giver and the recipient. “

Donut Miss The Holiday Offers

Guests are welcome to start the vacation with a delicious assortment of vacations. Back by popular demand, the Assortment includes fresh and fresh limited-time spearmint frosting. Guests will feel even more festive when their donuts are topped with the Holiday Sprinkles specialty. The fresh, minty flavor of this season can also be enjoyed as mintOREO® milkshake or chocolate mint ice cream sundae.






Gift Card Face - 1.png

As the winter season approaches, Duck Donuts’ is bringing back their Winter Roast coffee. The roast has hints of butterscotch, hazelnut and whiskey that will warm you up, warm you up, and make you want to go no matter the temperature outside. Guests can add a festive touch to your coffee with the Peppermint Mocha drink which is only available until January 3. For all non-caffeine drinkers, try the Peppermint Hot Chocolate!

Duck Donuts specializes in hot, delicious, made-to-order donuts. Customers can create their own combination of donuts by choosing from a variety of coatings, toppings, and drizzle, including traditional favorites such as chocolate chip frosting and more adventurous creations such as chocolate frosting. maple with bacon. Family stores offer an observation area where children and adults can watch their donuts being made. Duck Donuts also sells coffee, tea, donut breakfast sandwiches, and offers online ordering.

To learn more about local promotions or locate the nearest Duck Donuts, visit duckdonuts.com/locations/.

ABOUT DUCK DONUTS

Duck Donuts opened its first stores in 2007 at the resorts of Duck and Kitty Hawk, North Carolina, with the intention of creating an oasis where vacationers can enjoy hot, delicious, made-to-order donuts. Based in Mechanicsburg, PA, the company began franchising in 2013 and prides itself on making customers happy with their unique in-store experience, exceptional customer service and donut combinations. As one of the fastest growing donut franchise companies, Duck Donuts has over 100 locally owned and operated stores in 22 states and two international locations in Dubai, UAE and Riyadh, Arabia. Arabia. For more information visit www.duckdonuts.com.

ABOUT SYNCHRONY

Synchrony (NYSE: SYF) is a leading consumer financial services company. We offer a wide range of specialized financing programs, as well as innovative banking products for consumers, in key industries such as digital, retail, home, automotive, travel, health and animals. of company. Synchrony allows our partners to increase their sales and retain consumers. We are one of the largest private label credit card issuers in the United States; we also offer co-branded products, installment loans and consumer finance products for small and medium-sized businesses, as well as healthcare providers.

Synchrony is changing what’s possible with our digital capabilities, deep industry expertise, actionable data insights, seamless customer experience, and personalized financing solutions.

For more information visit www.synchrony.com and Twitter: @Synchrony.

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Payday Loans Using The Internet At Ca. Providers That Provide Payday Advances Française | http://itsmardan.com/payday-loans-using-the-internet-at-ca-providers-that-provide-payday-advances-francaise/ Sun, 28 Nov 2021 00:01:31 +0000 http://itsmardan.com/payday-loans-using-the-internet-at-ca-providers-that-provide-payday-advances-francaise/ Payday Loans Using The Internet At Ca. Providers That Provide Payday Advances Française |

We have removed some companies from your own databases in the past few months.

It offers tough lending rates and many payday finance institutions and liberal loan providers do not support the condition much more. Use our personal paper on California Online Financial Institutions for the best. First and foremost, it is important to get your hands on a company that offers the ultimate rate and the refund consideration! We all anticipate that several companies will provide cash advance payday loans again whenever we move forward to 2021.

MyPaydayLoan: MyPaydayLoan is an example of a long-standing immediate loan provider just starting to provide Internet finance in California. By 2020, they will be offering payday advances of around 1250 for the citizens of Ca. Upon approval, you will get the funds in several hours or less. Different people need to plan for a real financial financial account (no prepaid tracking accounts or benefit seeking). Make sure you provide verifiable month-to-month money.

5kFunds: They have been operating for a long time and have really served thousands of Californians for an online consumer loan of around 500-5,000. 5k also offers payday advance loans and peer-to-peer financial support with ready. The application form type methods give 5-10 hours and you also manage to generate income in a day.

Reliability Pink Loan Products: Azure has come to be a net loan company that offers quick unsecured loans up to 2,500 in California. They already have straightforward online treatments and generally localized financial investments to your levels all at once upon approval. Recommended a verifiable source of quick deposit income and a functioning financial bank account. The unique financial products are simply because within six months and there is no prepayment penalty.

Take a look at the money: You probably watched the ads for girls or were influenced by their many stores during the problem.

The good thing is that they also offer a quick payday loan substitute for users with really bad credit. Look at the revenues have been around for decades and also now great customer service with fast internet processes. CIC offers wage enhancements online with one-day financing available to Ca homebuyers.

Opploans: Opploans is embarking on another internet business that prides itself on delivering sustainable customer service and fasting fundraising events. Opploans has fund interest levels that can be 120% cheaper than what you specifically see with other companies. Today they are announcing installment loans of 2,600 or more with keywords for repayment of one to two years.

Experience generating problems getting a payday loan or release using the following web lenders? Almost all clients can be considered to have more than one or two cash advance loan providers listed on this site, but some might have eligibility issues due to bad credit or cash advance difficulties in pain. If you are a California resident with poor credit that creates internet payday loan eligibility issues, you may want to study LendYou. They work with over 75 major lenders offering payday advance loans in California to authorized individuals regardless of poor credit, Chexsystem report or past use of unsecured guarantor loans.

LoanbyPhone: You can get Internet payday loan from LoanByPhone with your cell phone or desktop and find money in the loan company within one day. People in California can take on profit debts of up to 255 with repayment terms of two to three weeks on average. I wanted a bank account that had been open for about two months with proof of earnings from work or pension.

Less Than Perfect Funding: BadCreditLending connects Californians with online loan providers that offer instant payday loans in the amount of 1000. Terrible credit is nice, but you will most likely identify a significantly less than 1 proposition. 000 with an apr. You must write 1,200 per month and have an immediate deposit as early as possible with a checking account to meet the requirements.

Payment: Take advantage of FLEX capital online for buyers at Ca. With flexible currency, you create a credit card application for a line of debt that matches your own needs. The amount provided today was between 7,000 and 30,000. As soon as you are approved, you can get personal line of credit money when needed. You can choose to pay the balance entirely without a prepayment charge.


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Chicago high interest loans target black neighborhoods http://itsmardan.com/chicago-high-interest-loans-target-black-neighborhoods/ Fri, 26 Nov 2021 11:00:00 +0000 http://itsmardan.com/chicago-high-interest-loans-target-black-neighborhoods/

Pointing out that high interest loans are proliferating in Chicago’s non-white neighborhoods is a bit like saying the skies are blue or the grass is green, but a consumer group says he’s proving it for the first time. times with precise numbers.

Using 2019 borrower loan data obtained from state regulators, the nonprofit Woodstock Institute found that the main zip codes for payday loans, except for the loop, were predominantly black, including:

  • 60619 and 60620 on the south side, which include parts of Chatham, Burnside, Avalon Park and Greater Grand Crossing, Auburn Gresham and Washington Heights. These zip codes had over 16 payday loans per 100 people and are both 95.7% black.
  • 60624 on the West Side, which includes parts of West Garfield Park, East Garfield Park and Humboldt Park and had 15.8 payday loans per 100 people. This postal code covers an area 90.7% black.

In contrast, the postal codes with the lowest incidence of payday borrowers were mostly white, such as 60614 in Lincoln Park. This area had 1.1 payday loans per 100 people in an 84% white zip code.



The analysis included zipcode data for borrowers with payday loans and installment loans, which largely disappeared on March 23, when a new interest rate cap took effect in the Illinois. The nonprofit group obtained the data through an application for registration with the Illinois Department of Financial and Professional Regulation.

Data for 2020 – although an odd year for loans due to the COVID pandemic – was similar, with the two major zip codes 60619 and 60620, followed by 60628, which covers parts of Roseland, Pullman, West Pullman and Riverdale, and that is 93.1% black.

Brent Adams, senior vice president of the Woodstock Institute and director of the IDFPR under former Governor Pat Quinn, called it “statistical significance on steroids.”

“These loans very specifically target black communities,” Adams says, adding that high interest loans perpetuate a status quo “that is riddled with racial and economic inequities.”

Head of Brent Adams, Senior Vice President of the Woodstock Institute.

Brent Adams, Senior Vice President of the Woodstock Institute.
Provided

Studies have shown that black Americans have an average net worth of about a tenth that of white Americans, in large part due to past discriminatory practices that have hampered the accumulation of family wealth, including the denial of mortgages.

The industry claims that it provides a necessary service for people who do not have a credit history or collateral to qualify for traditional bank loans.

In Illinois, as of March 23, payday loans, title loans and installment loans must meet a 36% cap on the annual percentage interest rate. The Illinois Predatory Loan Prevention Act also requires vehicle financing to meet the cap.

Tiffany Moore of Forest Park first turned to an installment lender when the coronavirus hit and a tenant in her investment property couldn’t pay rent. His loan, of $ 9,500, had a term of five years and an interest rate of 35.989%.

Even with a rate below 36%, she found that she would pay back more than double what she had borrowed. So Moore paid him off earlier.

“I was like, I have to get rid of this,” she said. “How can you move forward if they charge all this interest?” “

Tiffany Moore is seen in a shoulder-up photo, standing outside near colorful fall foliage.  The Forest Park woman turned to an installment loan with an interest rate of just under 36% during the pandemic.  She says she almost immediately realized it was a bad deal.

Tiffany Moore of Forest Park turned to an installment loan with an interest rate of just under 36% during the pandemic when a tenant in her investment property couldn’t pay rent. She says she almost immediately realized it was a bad deal.
Brian Ernst / Sun-Times

Ed D’Alessio, executive director of INFiN, a business group that includes low dollar lenders, says Woodstock’s analysis is “nothing more than a distracting thought experiment. of the real challenges facing borrowers today ”.

D’Alessio says many borrowers are “underserved, overlooked or left behind by other financial institutions.”

The 36% cap has already caused some payday and low dollar lenders to close their locations in Illinois, he says.

Samantha Carl of Palatine says the storefront lender she used in the suburbs has since closed. She got a loan of $ 700 before the 36% cap which had an APR of 399%. She paid it off in a few months, but it still cost her around $ 1,200, she says.

“It helped me when I needed it, but the interest rate is crazy,” says Carl, who relies on monthly disability checks and has undergone auto repair.

Ed McFadden, spokesman for the American Financial Services Association, which represents installment lenders but does not include payday lenders or auto lenders, said the new law could have unintended consequences.

It points to a 2015 Federal Reserve investigation in which lenders said they could not break even on loans below $ 2,532 at an APR of 36%.

“Rate caps may make policymakers and interest groups feel good about themselves, but it leaves many consumers who are already struggling in a credit desert,” he says.

But Adams says there are alternatives, such as the Capital goods fund, which lends to “unbanked” consumers and charges a average interest rate of 13%.

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What is Buy Now, Pay Later and how does it work? http://itsmardan.com/what-is-buy-now-pay-later-and-how-does-it-work/ Wed, 24 Nov 2021 19:28:19 +0000 http://itsmardan.com/what-is-buy-now-pay-later-and-how-does-it-work/
  • The Buy Now, Pay Later programs allow you to purchase items without paying for them all at once.
  • When shopping online, you can usually get approved for BNPL within seconds at checkout.
  • However, don’t let BNPL trick you into spending money that you don’t really have.
  • Learn more about Personal Finance Insider loan coverage here.

The holidays are upon us and people are opening their wallets to pay for the festivities – consumers are expected to spend nearly $ 1,000 this holiday season, according to recent data from the National Retail Federation.

If you don’t have all that money to spend up front, an option to delay full payment for gifts is becoming increasingly common with an arrangement called buy now, pay later.

What is buying now, paying later?

Buy Now, Pay Later (BNPL) allows you to purchase items without paying for them all at once. Instead, you pay only a portion of the price up front, spreading the remaining cost over a predetermined number of installment payments. These payments are often interest free and the approval process is quite quick for consumers.

BNPL has become an exponentially more popular option for shoppers, especially those who shop online. Companies like To affirm, After payment, Klarna, and QuadPay all partner with various retailers to offer point-of-sale installment loans (another name for BNPL).

Businesses can limit the amount you can finance through BNPL, and not all purchases will be eligible for this plan.

There are no universal rules for BNPL programs because every business operates differently. However, this is generally what to expect with BNPL:

  • Choose the BNPL option when paying at a participating retailer and get an approval decision in seconds
  • Make a small upfront payment, for example, 20% of the total purchase amount
  • Payment of the outstanding balance in a set number of weekly, bi-monthly or monthly installments (which are usually interest free)
  • Choose to make automatic payments from your debit card, credit card, or bank account, or choose to pay by check

Pros and cons of buying now, paying later

What are the alternatives to buy now, pay later?

Save to make your purchase outright.

If you are lucky enough to have time to wait to make your purchase, purchasing your item all at once will save you from increasing your total debt and take the stress out of keeping up with your weekly or monthly payments. Set a target amount for your purchase and save a portion of your salary each month to reach your goal.

Use a credit card to make your purchase.

If the desired purchase is not available through BNPL or is more expensive than what you can handle in monthly installments, you can use a credit card. However, keep in mind that it is generally easier to get approval from BNPL than traditional credit cards.

Although credit cards and BNPL allow you to delay payments on purchases, they work differently. With BNPL, you will pay off your item on a fixed schedule, usually over several weeks or months, with minimal to low interest rates. Credit cards allow you to keep a balance indefinitely (although you have to make minimum monthly payments), but interest will accrue until you pay off your purchase.

Another option for a large purchase is to open a credit card with 0% APR. This interest rate is usually introductory, which means it will last for a while after you open the card, but as long as you pay off the balance before that time expires, you won’t be charged interest. .

Take out a personal loan to make your purchase.

Personal loans work the same way as BNPL in that they are installment loans with a fixed payment schedule and a fixed interest rate. However, personal loans are generally used for larger purchases (the minimum on most personal loans is around $ 1,000), and they have longer repayment terms. Your credit score is an important factor in determining the terms of your personal loan, so you could pay a much higher interest rate on a personal loan than with BNPL if your credit is not in good condition.

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We need to expand access to capital and credit in underserved communities http://itsmardan.com/we-need-to-expand-access-to-capital-and-credit-in-underserved-communities/ Mon, 22 Nov 2021 22:45:27 +0000 http://itsmardan.com/we-need-to-expand-access-to-capital-and-credit-in-underserved-communities/

The COVID-19 pandemic has generated a public health and economic crisis that has exposed racial disparities here in New Mexico. Our state’s underserved communities are struggling. Poverty disproportionately affects about a third of African Americans and Native Americans living in poverty, compared to less than a fifth of whites and about a tenth of Asians. Likewise, New Mexico ranks 49th among states for educational equality by race and 32nd for its racial income gap.

COVID-19 has further devastated our economy; more than 45% of small businesses in New Mexico have closed and will not reopen, minority-owned businesses, which are often more likely to be disrupted, are the hardest hit.

For our state to spur much-needed growth, it is essential that minority families and businesses in our state are equipped to build back stronger. New Mexico stakeholders and policymakers have the opportunity to address these racial and economic disparities as part of New Mexico’s larger social justice effort. To do this, lawmakers must commit to providing better access to the financial resources needed to be successful.

For minority entrepreneurs, who own more than half (nearly 85,000 or 54%) of New Mexico’s small businesses, this means ensuring access to capital to purchase new equipment, invest in up-to-date technologies, hire new employees or even open a new site. The resulting growth puts more money back into the local economy, creates jobs, spurs innovation and competition, and otherwise contributes to the community.

The $ 349 billion CARES Act fund was depleted on April 16 due to strong demand driven by deteriorating economic conditions. It is estimated that 95% of small businesses in New Mexico have not received a federal loan. Preliminary estimates suggest that companies that received loans received only sufficient funds to cover 49% of the state’s eligible payroll. As our businesses strive to rebuild themselves, the legislature should act to provide funding and ensure that small businesses have access to capital and are well positioned to succeed.

The governor, working with the majority of lawmakers, is actively pushing for reforms to mitigate, if not reverse, decades-old policies aimed at impeding economic access by communities generally deprived of legitimate financial opportunities. Specifically, the legislature and governor fought and passed laws that promote access to loans for New Mexicans who have been affected by policies related to the war on drugs and systematic racism.

Minority consumers also need access to the same financial services New Mexicans have access to, especially credit. Credit is crucial for tackling the financial challenges that are just a part of life, from replacing home appliances to covering unforeseen car repairs or medical bills. Families across the state are struggling to make ends meet and every dollar counts, especially as inflation rises and purchasing power shrinks.

But not all New Mexicans have access to credit cards or even savings accounts, so traditional installment loans may be their only option to cover those unforeseen expenses or even high mortgage prices. gasoline to get to work. Providing safe and secure access to credit is also crucial as consumers strive to rebuild their personal finances and restore their credit rating.

Interest groups have been reported to be pushing lawmakers to re-enact legislation to cap interest rates on small loans. Small loans require reforms to lower rates and strengthen consumer protection, but in the last legislative session, policymakers went too far in supporting a drastic measure that ignored need and demand. real low amount loans. If this bill had passed, reputable lenders would have left the state without a legitimate lender to meet the loan demand. This would have forced consumers to turn to predatory lenders. Reform is needed, but we need a new approach to this issue.

Lawmakers now have an opportunity to work together to craft a proposal that offers new consumer protections, greater transparency and lower rates, while ensuring reputable lenders continue to operate and offer low-value loans. . New Mexico consumers need access to credit. A win-win policy approach would cap interest rates and fees at reasonable levels, strengthen consumer protection and normalize lending terms. We can and must ensure that families and consumers in New Mexico have access to low-value loans through a fair and transparent system.

New Mexico is a state of rich cultural diversity that breeds creativity and enriches all areas of our society. To support this, we must achieve economic equity, ensuring that all citizens have access to financial services that fuel economic opportunities such as buying a new car or a house. When we equip all New Mexico consumers and businesses with the financial tools to succeed, we’ll make sure our state succeeds too.


Chad Cooper

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The card now offers flooded mailboxes; The Catch with Buy Now Pay Later http://itsmardan.com/the-card-now-offers-flooded-mailboxes-the-catch-with-buy-now-pay-later/ Fri, 19 Nov 2021 19:30:00 +0000 http://itsmardan.com/the-card-now-offers-flooded-mailboxes-the-catch-with-buy-now-pay-later/

It’s not just you. Banks are really sending more credit card offers

Americans have paid off their credit card debt during the pandemic. Credit card issuers are spending big to get them to borrow again. Lenders spend on direct mail and generous rewards to attract customers and increase balances. Bank credit card marketing costs jumped in the last quarter. Mailed credit card solicitations are back above pre-pandemic levels. Issuers offer cash back offers and other more generous rewards. [The Wall Street Journal]

The catch with buy now, pay later could be your credit

Buy now, pay later. Payment plans allow consumers to divide their total purchase at checkout into a series of smaller installments. But with promises of convenience, zero interest, and minimal fees, many buyers are asking, “What’s the matter?” It could be your credit. BNPL providers typically do not report payments on time to major credit bureaus, so unlike credit cards or loans, you cannot create credit with this type of financing. However, some providers will report missed payments, which could end up hurting your score. [Associated Press]

Amazon May Ditch Visa as Partner on US Credit Card

Amazon is considering ditching Visa as a partner on its co-branded credit card in the US after earlier confirming it would stop accepting Visa credit cards in the UK as the payments dispute unfolds intensified. Since Britain left the European Union, an EU cap on fees charged by card issuers is no longer in place in the UK, meaning providers are free to ” increase costs. Last month, Visa started charging 1.5% of the transaction value for credit card payments made online or over the phone between the UK and the EU, up from 0.3%. [Reuters]

Eligible Chase Cardholders Now Receive $ 10 Per Month Per Card In Credits For Gopuff’s Fast Delivery Service

Gopuff is an online service that provides you with thousands of products for a small fee. From alcohol to electronics to drugs, you can get just about any “everyday” item through Gopuff. It prides itself on its quick 30-minute delivery time, although that isn’t guaranteed. Now Gopuff has partnered up with Chasing Credit Cards to provide certain cardholders with new benefits, namely $ 10 in statement credits for each month you use an eligible card to make a Gopuff purchase. The service charges a fee of $ 1.95 per delivery, or you can join Gopuff Fam and pay a flat rate of $ 5.95 per month for unlimited deliveries. The minimum order is $ 10.95 and an additional charge of up to $ 2 applies if your order contains alcohol. [Business Insider]

Majority of Americans Are Not Very Confident About Credit Card Choices

Most people are apparently not sure whether they chose the right credit card, according to a US News poll. In fact, almost half are concerned that different cards will no longer earn them rewards. Only around 38% say they are very confident that they have the right cards in their wallet. Just over 36% of survey respondents say the most important feature of their new credit card is the rewards program. Almost 15% say they have chosen a credit card in order to build up credit. [U.S. News]

Credit card startup upgrade jumps 83% in valuation in just four months to $ 6.28 billion

Upgrade, the fintech start-up that turns credit card balances into installment loans, closed a fundraiser that values ​​the company at $ 6.28 billion. Upgrade’s core product is a card that turns purchases into fixed-rate installment loans, making the startup the latest company to benefit from the “buy now, pay later” trend of fintech. While traditional cards charge over 18% interest per year, the Upgrade card starts at 8.99%. This has made it one of the fastest growing cards in the country. [CNBC]

Goodbye, Staples Center. Hello, Crypto.com Arena

Staples Center changes its name for Christmas: Crypto.com Arena. The downtown Los Angeles site, home of the Lakers, Clippers, Kings and Sparks, will bear the new name for 20 years as part of an agreement between the Singapore Cryptocurrency Exchange and AEG, owner and operator of the arena. Crypto.com paid over $ 700 million for naming rights, making it one of the biggest naming deals in sports history. [Los Angeles Times]

Morgan Stanley and American Express announce new cash back credit card for brokerage clients

Morgan Stanley and American Express announced their first-ever cash-back credit card, exclusively for Morgan Stanley and E * TRADE customers with qualifying brokerage accounts. With the new Morgan Stanley Blue Cash Preferred American Express card, cardholders can earn 6% cash back at US supermarkets on purchases of up to $ 6,000 per year (then 1%); 6% cash back on select US streaming subscriptions; 3% Cash Back at U.S. gas stations and in transit; and 1% cash back on other qualifying purchases. New cardholders can earn a welcome bonus of $ 300 credit after spending $ 3,000 on qualifying purchases in the first six months. Plus, they get an exclusive Morgan Stanley card member benefit of $ 100 credit each year after spending $ 15,000 on qualifying purchases. [CNBC]

Banks and credit unions slip into customer satisfaction survey

Banks outperformed credit unions in a national customer satisfaction survey for the second year in a row. The U.S. Customer Satisfaction Index for 2020 saw the credit union score drop slightly from the previous year. The sector score of 77 was one point lower than that of the banking sector. Last year was the first year that banks beat credit unions, and this year’s survey marks an all-time low for credit union satisfaction rates, down 10 points from the peak of industry in 2011. While outperforming credit unions, bank scores in 2020 were also down from a year earlier. [American Banker]

U.S. Retail Sales Rise As Holiday Shopping Begins, Brightening Economic Outlook

Retail sales in the United States surged in October as Americans eagerly started holiday shopping early to avoid empty shelves amid shortages of some products due to the ongoing pandemic, giving a boost to the economy at the start of the fourth quarter. The strong Commerce Department report suggested that high inflation was not yet holding back spending, even as concerns over rising costs of living caused consumer confidence to drop to a 10-year low in early November. . [Reuters]

18 of the most amazing credit and debit card designs in banking

The banking industry may be accelerating digital innovation, but most credit and debit card designs are drab, boring, and downright vanilla. These little plastic (or metal) billboards are still used every day, and a handful of institutions (both traditional and digital) have found striking new ways to make their cards stand out to consumers. [The Financial Brand]

Does mobile improve the in-store shopping experience?

A new investigation finds that in-store shoppers continue to visit showrooms or use their cell phones to check competitor prices, but also use their devices for purposes beneficial to the store they are in. Most Popular Use of Cell Phones in Stores Among US consumers used loyalty cards or coupons stored on their phones (70%); visit the retailer’s website (68%); compare prices (68%); using the retailer’s app (64%); read user reviews (63%); and scanning QR codes or smart shelf labels for more information (53%). [Retail Wire] Source link

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Can Upstart’s business model live up to market expectations? http://itsmardan.com/can-upstarts-business-model-live-up-to-market-expectations/ Fri, 19 Nov 2021 11:28:00 +0000 http://itsmardan.com/can-upstarts-business-model-live-up-to-market-expectations/

Expectations are sky-high for the artificial intelligence lending platform Holdings reached (NASDAQ: UPST), which is trading at around 295 times earnings after the stock has plunged about 24% since the company reported third-quarter earnings. Upstart, with its machine learning and 28 billion cells of training data, seeks to replace traditional credit underwriting such as Fair, IsaacThe FICO credit rating that the company considers obsolete. The company claims to be able to improve bank default rates by 75%. Investors think the company is on to something big, but I still have questions as to whether this business model can live up to the sky-high expectations set by the market.

Can the Upstart model live up to expectations?

Upstart is a financial technology company that specializes in providing personal loans, but has started to enter the world of auto loans and also wants to apply its technology to small loans and then mortgages. Upstart helps clients get loans in two main ways: it does the marketing itself to find clients, then forwards them to banks and credit unions, or banks can basically integrate Upstart technology into their sites. Web and their branding. Most of the loans are currently referred by Upstart, although the company expects direct branded montages to grow and eventually make up a larger portion of the montages and revenue.

Ideally, Upstart is positioned as a software as a service (SaaS) company, where it supplies the technology to many banks and credit unions that attract customers and finance loans with deposits. Upstart collects a fee for each loan issued through its platform. This is more ideal for them because then Upstart does not have to acquire the customers themselves which requires a lot of marketing and sales expense. But my big question is whether this strategy of partnering with banks and credit unions will be as successful as the market thinks it is.

Image source: Getty Images.

For this to work, Upstart will want most of its banking and credit union partners to eventually integrate its technology, stop using traditional credit underwriting that focuses on metrics like FICO, and penetrate their existing customer bases. while opening their credit boxes and their criteria to people they may not have historically served. But so far, many of Upstart’s partners have been small community banks and credit unions. These types of institutions are generally not known to provide many installment loans, as these small loans can be expensive to set up and have higher default rates.

Upstart alleviates these problems by providing the technology that can more efficiently generate loans with lower default rates. However, small banks and credit unions are still not particularly good at attracting new customers. The digital landscape has become very competitive. An Experian survey in late 2019 showed that fintech companies were the source of almost half of all personal loans, and many fintech competitors have emerged since then.

The other thing to consider is that small banks and credit unions are generally very conservative. Although four of the Upstart partners have stopped using FICO, it is not a guarantee that all Upstart partners will follow suit as they can use Upstart’s technology and set their own credit settings. Small banks and credit unions may also be less likely to provide these installment loans when interest rates rise, which typically results in more bad debts, and when the financial system does not have as many deposits – Almost all financial institutions now have more deposits than they know what to do with.

It’s also not clear to me yet that Upstart will attract all of those new borrowers that the banking system has historically ignored. Upstart CFO Sanjay Datta during the company’s third quarter earnings call said that over the past year, loan application volume has tripled as the company has more than ability to serve borrowers across all parts of the “credit spectrum”, but Upstart’s third quarter conversion rate declined. “Lender segments that are relatively newer to our models will initially tend to convert at a lower rate than segments where we have a longer history,” Datta said. “New borrower profiles will tend to have more conservative instant approval rates until we develop a longer history and larger loan volume for our models to practice on. “

Growth is no guarantee

Jefferies analyst John Hecht said he believes Upstart can achieve a 40% market share in personal loans by 2025. If you annualize the $ 3.1 billion in fixtures of Upstart loans in the third quarter, this assumes annual installments of $ 12.4 billion. According to TransUnion data, there were $ 81 billion in personal loan origination between the second quarter of 2020 and the first quarter of 2021. This assumes a current market share of around 15%. Now, I guess Upstart can continue to develop its origins from here, and the personal loan market is likely to expand, but that still means a lot of things have to go right over the next few years and Upstart will have to. also overcome the challenges explained above. like continuing to drive away fintech competitors.

In addition, Upstart plans to apply its technology to other larger lending markets, including auto lending, low-value lending, and mortgage markets, which all pose their own challenges. CEO Dave Girouard said the interest of his banking and credit union partners in a low dollar loan product – loans for as little as a few hundred dollars paid off in a matter of months – is “off the charts”. Girouard also said the company is designing a low dollar loan product with an interest rate below 36%, which would be extremely impressive as these loans can have interest rates above 600%. The reason for these high rates is that small dollar loans can cost banks the same amount as larger loans, but obviously with smaller volumes and higher default rates.

Upstart is also interested in auto loans, which provide an annual market opportunity of $ 672 billion, and the mortgage market, which presents an annual market opportunity of $ 4.5 trillion. But these loan categories can be competitive and usually don’t have the same high interest rates as installment loans, so I’m not sure banking partners will want to pay Upstart the same fees forever as they consume more noticeably the margin. and the profitability of each loan.

Many mortgages also come with very stringent credit requirements if the originator intends to sell them to government sponsored entities, leaving Upstart’s technology less wiggle room. There are still many opportunities outside the qualified mortgage segment. But to reiterate my last point, mortgage interest rates can generate some of the lowest margins in the industry, especially in a low interest rate environment, which is why the banking system is granting far fewer mortgages today than it does. ‘it only did a decade ago, so adding another expense to the process may not be ideal.

A good company with a high valuation

What Upstart has done so far is undoubtedly impressive and I think the company is definitely on to something. But the valuation and the stock price have risen so quickly that I feel like the market has already assumed that a lot will happen, which is not yet a guarantee. Upstart still has a lot of work to do, including getting more of its banking partners to move away from FICO, showing that they can effectively convert FICO-less arrangements and entering new, highly competitive lending segments. I think investors need to ask themselves if Upstart’s business model can meet the high expectations set by the market.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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AAPL dividend announcement $ 0.4000 / share 11/17/2021 http://itsmardan.com/aapl-dividend-announcement-0-4000-share-11-17-2021/ Wed, 17 Nov 2021 22:19:08 +0000 http://itsmardan.com/aapl-dividend-announcement-0-4000-share-11-17-2021/

On 11/17/2021, Cmt-Com / C & F Financial Corp. (NASDAQ: CFFI) declared a dividend of $ 0.4,000 per share payable on January 1, 2022 to shareholders of record on December 15, 2021.

Cmt-Com / C & F Financial Corp. (NASDAQ: CFFI) has been paying dividends since 1995, has a current dividend yield of 3.1595516205%, and has increased its dividends for 7 consecutive years.

The market capitalization of Cmt-Com / C & F Financial Corp. is $ 179,215,314 and has a PE ratio of 5.99. The stock price closed yesterday at $ 50.64 and has a 52 week low / high of $ 35.31 and $ 55.00.

C&F Financial is a banking holding company. Through its subsidiaries, Co. operates three main lines of business: retail banking through the Citizens and Farmers Bank, which provides retail banking services including various types of chequing and bank accounts. savings, as well as business, real estate, development, mortgage and installment services. loans; mortgage banking services through C&F Mortgage Corporation, which provides mortgage origination services; and consumer credit through C&F Finance Company, which provides auto finance through loan programs designed to serve non-privileged market customers who have limited access to auto finance.

For more information on Cmt-Com / C&F Financial Corp., click here.

Current dividend information from Cmt-Com / C & F Financial Corp. as of the date of this press release are:

Dividend declaration date: November 17, 2021
Ex-dividend date: December 14, 2021
Dividend registration date: December 15, 2021
Dividend payment date: January 01, 2022
Dividend amount: $ 0.4000

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