Shades · @shades
344 followers · 490 posts · Server kolektiva.social
by #RamendaCyrus in @theprospect:
"Predatory loans rely on an information advantage. Lenders know how to manipulate the terms of the loan to keep the customer borrowing more and more. They can bury the most important provisions in financial jargon, leaving the borrower unaware of what they are getting into. Often, people are desperate, seemingly out of options, and willing to accept pretty much anything. That enables the remarkably high interest rates, hidden fees, and constant rollovers into new loans accruing more interest that can trap people in a web of financial stress."
https://prospect.org/economy/2023-06-05-predatory-lendings-prey-of-color/
#ramendacyrus #predatoryloans #loans #lenders #hiddenfees #debt #racism
beSpacific · @bespacific
794 followers · 1284 posts · Server newsie.socialThe failures of #SiliconValleyBank and #SignatureBank cost https://www.bloomberg.com/news/articles/2023-03-29/fdic-mulls-squeezing-big-banks-hard-to-plug-23-billion-hole#xj4y7vzkg the #FederalDepositInsuranceCorp. #FDIC almost $23B. The U.S. agency is seeking to shift an unusually large https://www.bloomberg.com/news/articles/2023-03-29/fdic-mulls-squeezing-big-banks-hard-to-plug-23-billion-hole#xj4y7vzkg portion of those #losses to large #lenders. #FinancialCrisis #FinancialStability #SystemicRisk #Banking #SVB
#siliconvalleybank #signaturebank #federaldepositinsurancecorp #fdic #losses #lenders #financialcrisis #financialstability #systemicrisk #banking #svb
CryptoNewsBot · @cryptonewsbot
427 followers · 19122 posts · Server schleuss.onlineShares of Deutsche Bank, Other Euro Lenders Tumble - Deutsche Bank shares plunged on Friday, along with the stocks of other European ba... - https://news.bitcoin.com/shares-of-deutsche-bank-other-euro-lenders-tumble/ #societegenerale #bankingcrisis #regionalbanks #bankinggiant #deutschebank #janetyellen #olafscholz #collapses #collapse #deutsche #european #finance #banking #decline #germany #lenders #crypto #europe #german #shares #stocks #banks #bank #drop #u.s.
#u #drop #bank #banks #stocks #shares #german #europe #crypto #lenders #germany #decline #banking #finance #european #deutsche #collapse #collapses #olafscholz #janetyellen #deutschebank #bankinggiant #regionalbanks #bankingcrisis #societegenerale
Mojo 🇦🇺 ♻️☑️ · @mojo
246 followers · 858 posts · Server aus.socialThe benefit to #banks from #interestrate rises is waning, as #lenders compete for funds and consumers shift billions of dollars from low-interest accounts into higher-interest #savings accounts and term deposits. #ausecon
#banks #Interestrate #lenders #savings #ausecon
Steven Bodzin · @guacamayan
455 followers · 170 posts · Server journa.host
This is a really smart point by @drskyskull . I have assumed that Musk wanted to just wreck #Twitter. ("Oligarchs gunna #oligarch.") He notes that the #lenders might be using #Musk. He'll go down. They will end up with Twitter and maybe also other Musk assets. That would explain why so many lenders were so eager to pony up for this deal.
#twitter #oligarch #lenders #musk
:verified: Chris Davis :verified: · @hee_nalu
45 followers · 73 posts · Server infosec.exchange@sidneys1 it really is insane.
Lenders are sketchy about closing and paperwork, then they act like I'm dramatic when I call them and ensure we're all locked in with all paperwork signed by all parties like 4 times.