Black and Asian businesses were unable to access Covid support, MPs say

Nearly two-thirds of black and Asian business owners felt unable to access state-guaranteed loans and grants at the start of the coronavirus pandemic – leaving many on the brink of financial ruin, suggest research conducted for MPs. Britain’s 250,000 minority-owned…

Your coronavirus stimulus check payment could come in a simple envelope – don’t throw it away

Nearly four million people will receive their stimulus check in the form of a prepaid debit card, but some might not realize exactly what it is when it arrives in the mail. The Treasury Department said Tuesday that prepaid debit…

China uses ‘payday loan’ tactic in the Pacific: US Ambassador, Australia / New Zealand

SYDNEY • China is using “payday loan diplomacy” to exert influence in the Pacific, the new US ambassador to Australia said in comments that threaten to escalate regional tensions. The United States and its regional allies are fighting against China…

Here is everything you need to know about alternative loans in Asia

In the old days, if a big bank rejected your loan application, you were out of luck. Today, technologically advanced companies are taking over, offering lending options outside the purview of traditional banks. In the US and UK, companies like…

Fintechs in Southeast Asia face first big test as COVID-related crime looms

In Singapore, we are looking to double our reporting team by the end of the year to comprehensively cover the rapidly evolving world of funded startups and VC, PE & M&A transactions. We want journalists who can tell our readers…

Payday Loans – Some Japanese Cannot Live Without Them

TOKYO – It’s been a tough decade for Masami Fujino, 48, since he lost his job as a regular employee at a Japanese food and beverage company. He had no savings to save and had to look for part-time jobs…

High Interest Payday Loan Lenders Target Vulnerable Communities During COVID-19

With millions of Americans unemployed and facing financial hardship during the COVID-19 pandemic, payday lenders are aggressively targeting vulnerable communities through online advertising. Some experts fear that more borrowers will start taking payday loans despite their high interest rates, which…

These artists want to blow up the entire financial system

LONDON – “3… 2… 1…” A deafening bang echoed around the deserted Royal Docks marina in east London, as a crowd of onlookers cheered and shouted. The source of this heckling of a recent Sunday morning? The explosive carcass of…

Your bank could take your $ 1,200 stimulus check if you’re in debt

Thomas Trutschel / Photothek via Getty Images This week, the federal government began sending out the first of the $ 1,200 coronavirus stimulus package checks. With unemployment offices saved throughout the country, many people who have lost their income are…