Finance debt

Chinese ‘Amazon coat’ maker resists coronavirus impact with tax breaks and rent exemptions

BEIJING / SHANGHAI (Reuters) – Orolay, the maker of the ‘Amazon coat’ that became an American fashion and social media darling a year ago, knows he’s luckier than most small businesses Chinese women trying to get back on their feet amid massive disruption caused by the coronavirus epidemic. FILE PHOTO: …

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Here are 8 Floating Rate Bond ETFs To Limit Risk As T-Bill Yields Rise

Text size Yields on treasury bills rose, leading to losses on fixed-rate bonds. Andrew Harrer / Bloomberg Fixed income investors are in a difficult situation. Yields on treasury bills rose, leading to losses on fixed-rate bonds. But Treasury prices have not yet sold enough to make these bonds attractive as …

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Federal student loan repayment still pending – what it means for residents

With the recent passage of President Joe Biden’s coronavirus relief program – the “American Rescue Plan Act of 2021” – repayment of federal student loans will remain on hold, interest-free until the end of September. This legislation, in tandem with the CARES Act, means that federal student loan repayments will …

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Chicago Suburban Tax Preparer Charged With COVID Fraud | USAO-NDIL

CHICAGO – A suburban Chicago tax preparer has been charged with federal fraud charges for allegedly fraudulently helping clients obtain millions of dollars in loans under the Coronavirus Aid, Relief, and Economic Security Act. HADI ISBAIH, 39, of Palos Heights, Ill., Was indicted in an indictment returned Monday to the …

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Boy Scouts Propose Sexual Abuse Settlement, Aimed To End Bankruptcy

The Boy Scouts of America donate cash, artwork and other assets to victims of sexual abuse as part of a bankruptcy plan filed Monday, an opening bet of the youth group to overcome child protection failures that have threatened its position in American society. Sexual abuse by Scout volunteers has …

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NICE Actimize Introduces AI-Powered SURVEIL-X Solution to Reduce Compliance Risk for Wealth Management and Insurance Companies

HOBOKEN, NJ – (BUSINESS WIRE) – Financial services organizations that provide investment advice and sell life insurance, annuities and other wealth products are finding that regulators are stepping up to how closely they monitor the behavior of advisers. To help these businesses reduce the risk of compliance, NICE Actimize, a …

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The American Property Casualty Insurance Association takes legal action to end regulations that will likely raise insurance rates for more than a million consumers in Washington

WASHINGTON, April 7 – The American P&C Insurance Association issued the following statement on April 6, 2021: * * * The following statement concerns the legal proceedings initiated today by the American Property Casualty Insurance Association (APCIA) in response to emergency regulations recently filed by Washington’s Insurance Commissioner Mike Kreidler, …

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Banks step up guidelines for detecting signs of financial abuse

Australian banks have revamped their guidelines to help bank staff identify signs of financial abuse against family members and the elderly. The Australian Banking Association says the update is part of an industry-wide goal on preventing family violence and elder abuse. “This type of behavior is a form of domestic …

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The Fond du Lac prosecutor announces the appointment of the Attorney General

MADISON, Wisconsin (AP) – Fond du Lac County District Attorney Eric Toney will challenge Wisconsin Attorney General Josh Kaul next year. Toney announced his candidacy on Saturday afternoon in a statement. He is the first Republican to enter the race. He accused Kaul, a Democrat, of being more interested in …

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Work quickly to resolve first and second draw PPP loan issues

During the early roll-out of the Paycheck Protection Program under the CARES Act of 2020, lenders were able to make and approve PPP loans without prior Small Business Administration (SBA) review. After the loan was granted, the ASB then applied an automated filtering tool that used public information and applied …

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