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Tag: credit

Crypto News Platforms 

Financial Firm Offers ‘Almost Instantaneous’ Loans Up to $30,000 With Crypto as Collateral

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“A financial company is giving crypto holders the opportunity to take out cash loans while using their digital assets as collateral” writes Connor Blenkinsop for cointelegraph.com. Meanwhile, YouHodler believes its product helps traders leverage their crypto portfolio with additional cash in order to buy further digital assets.Six cryptocurrencies are accepted as collateral, including Bitcoin, Litecoin, Ethereum, XRP, Bitcoin Cash and BSV. Others, including XLM, Dash and ZCash, are said to be in the pipeline. Instead, the platform wants to adopt a more user-friendly, fast and sustainable approach than old-fashioned institutions…

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Etsy accidentally charged a number of seller accounts for hundreds, sometimes thousands of dollars on Friday, leaving users without money for the long weekend

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“Etsy sellers say their bank accounts were emptied in major billing snafu Etsy hasn’t said how many sellers are affected, but there are hundreds of complaints in their seller forums” reports boingboing.net. Some of the attempted withdrawals were blocked by the sellers’ banks and credit card companies, resulting in canceled cards and frozen accounts.But others went through, leaving those sellers with empty checking accounts, overdrafts, and over-the-limit fees, and a whole lot of questions. Source: boingboing.net

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Etsy sellers say their bank accounts were emptied in major billing snafu

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“Etsy sellers say their bank accounts were emptied in major billing snafu Etsy hasn’t said how many sellers are affected, but there are hundreds of complaints in their seller forums” reports boingboing.net. Some of the attempted withdrawals were blocked by the sellers’ banks and credit card companies, resulting in canceled cards and frozen accounts.But others went through, leaving those sellers with empty checking accounts, overdrafts, and over-the-limit fees, and a whole lot of questions. Source: boingboing.net

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10 common filing mistakes to avoid on this year’s income tax return

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“Among them are the increased standard deductions, the doubling of the child tax credit and the capping of state and local tax deduction” writes Usa Today for suntimes.com. Not filing a return Some Americans aren’t required to file a federal tax return because they don’t earn enough in income.Don’t miss this new credit Tax pros worry that Americans may miss the new credit for dependents introduced by the tax law.Missing Earned Income Tax Credit Every year, almost a quarter of taxpayers miss out on this valuable credit worth up to…

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Markets News 

The risky ‘leveraged loan’ market just sunk to a whole new low

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“The leveraged loan market just set a new record: The quality of investor protections in this market just hit a new all-time low” writes Jim Edwards for businessinsider.com. Leveraged Commentary & Data/S&P Global Market Intelligence In Europe, the situation was even worse. 87% of leveraged loans were “cov-lite.”. Leveraged Commentary & Data/S&P Global Market Intelligence Last year, $452 billion in new cov-lite issuance was added to the market.A leveraged loan is risky because it is “leveraged” against the private-equity group’s money and its ability to turn a struggling company around…

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CREDIT SUISSE: Here’s why investors shouldn’t assume China’s economy is already recovering

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“Credit Suisse analyst Andrew Garthwaite says signs of Chinese economic growth could be a fake-out” writes Marley Jay for businessinsider.com. And without lax lending standards, he says industrial production and economic growth won’t improve.After all, China’s government said the economy cooled off in 2018 and grew at its slowest pace since 1990.In the end, no matter where you look, it’s become a tall order to get a solid reading on the economy.”We need to see credit growth increase and much more fiscal stimulus (which is a quarter of 2015 levels…

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Samsung Leaks Upcoming AirPods Competitor ‘Galaxy Buds’

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“Samsung has leaked its upcoming wearables lineup through its Galaxy Wearable app for Android ahead of its February 20 event As spotted by Twitter account SamCentralTech , and reported by The Verge , the initial “pick your device” screen of the app reveals the names and marketing images for a new Galaxy Watch Active, Galaxy Fit fitness trackers, and Galaxy Buds.Galaxy Buds are the least known of the three products, serving as Samsung’s latest AirPods competitor” writes Day Ago On for macrumors.com. They won’t be Samsung’s first pair of truly…

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preparing to increase certain fees levied on U.S. merchants for processing transactions

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“Fees that Mastercard and Visa charge financial institutions, such as banks, for processing card payments on behalf of merchants are also set to increase, the report said” writes Min Read for reuters.com. Interchange fees are what merchants pay to banks when consumers use a credit or a debit card to make a purchase from their store. Source: reuters.com

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