27 Jan 2020 Ferado

Federal Deposit Insurance Corporation: Directions for Payday Lending

Each depositor insured to at the very least $250,000 per insured bank

Purpose This guidance provides information regarding payday lending, a specific variety of subprime lending, and supplements and clarifies previously granted guidance about such programs, like the July 2003 instructions for Payday Lending. 1 It defines security and soundness and compliance factors for examining and state that is supervising organizations which have payday financing programs.

This guidance is necessitated by the high-risk nature of payday financing as well as the significant growth of this system. Read More “Federal Deposit Insurance Corporation: Directions for Payday Lending” »

26 Dec 2019 Ferado

Inside EastMeetEast, the Controversial Dating App for Asians That Raises Thorny Questions Regarding Identification

What exactly is the idea of a “Asian4Asian” matchmaking service in 2018?

This past year, a billboard marketing a dating application for Asian-Americans called EastMeetEast went up within the Koreatown community of l . a .. “Asian4Asian,” the billboard read, in a oversized font: “that isn’t Racist.”

One individual on Reddit posted an image associated with the indication because of the single-word rejoinder, “Kinda,” in addition to comments that are sixty-something used teased apart the the ethical subtleties of dating within or outs

Internet dating sites and solutions tailored to competition, faith, and ethnicity aren’t brand brand new, needless to say. Read More “Inside EastMeetEast, the Controversial Dating App for Asians That Raises Thorny Questions Regarding Identification” »