Finance – Reynolds Records http://reynoldsrecords.com/ Mon, 21 Jun 2021 22:51:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://reynoldsrecords.com/wp-content/uploads/2021/05/ryan-reynolds-icon-150x150.png Finance – Reynolds Records http://reynoldsrecords.com/ 32 32 3 ideas on what to do with a year-end bonus https://reynoldsrecords.com/3-ideas-on-what-to-do-with-a-year-end-bonus/ https://reynoldsrecords.com/3-ideas-on-what-to-do-with-a-year-end-bonus/#respond Thu, 11 Mar 2021 05:29:51 +0000 https://reynoldsrecords.com/3-ideas-on-what-to-do-with-a-year-end-bonus/

In the Christmas classic “National Lampoon’s Christmas Vacation,” Clarke W. Griswold (played by Chevy Chase) guides her family through what can only be described as a disastrous Christmas.

The generous but inept Clarke goes all-in with a down payment on a backyard pool – before he received his annual bonus.

This error in judgment tortures Clarke as he waits day after day for his check. It finally comes in the middle of a Christmas Eve failure for the ages. Hoping his financial problems are resolved, he tears up the letter only to find that he’s signed up for a jelly-of-the-month club.

For those lucky enough to get an annual bonus – and wise enough not to spend what they haven’t received – the choice of what to do with a bonus can be overwhelming.

Should we spend it? Invest it? Pay off the debt?

Let’s take the time to look at a few different options.

Debt Pay Down

The average American carries around $ 16,000 in credit card debt. With the current average interest rate on this debt at 19%, that works out to $ 253 per month (over $ 3,000 per year!) In interest payments only.

As if that weren’t enough, having a high balance (especially if it’s close to your credit limit) comes with another downside as well. Your credit rating is negatively affected if you have a high credit utilization rate. In other words, if your credit cards are either a) at maximum or b) about to be at maximum.

So if you have some bonus money to spend and you have a credit card balance, you can kill two birds with one stone.

Make a decent-sized payment, perhaps paying off a balance entirely. This will reduce the interest payments you would have paid later in the year, while improving your credit score.

If you’re paying off a card in full, consider keeping it rather than canceling it. The zero balance will improve your credit score over time.

Invest it

Ok, that’s not the most exciting solution. Still, saving and investing doesn’t mean you can’t receive instant gratification. One way to approach saving is that it’s just spending delayed. Putting money aside today – to use it when you retire – is still like you spend money.

The other thing to consider is that investments can still be enjoyed – now and for years to come. Have you always wanted an upgraded kitchen, an addition to your home, or a collector’s item? Maybe now is the time to make the purchase.

Of course, for most people, saving means putting money aside through a structured plan that also offers tax benefits. A 529 savings plan for your children’s education, an IRA contribution for your retirement, perhaps a charitable donation are all possible ways to invest the money and contribute to the things that matter to you. .

Spend it

Sadly, for many, Clarke W. Griswold’s approach is preferred. Assuming you haven’t already earmarked the money for a pool in your backyard, how should you spend the money?

Remember, a bonus is destined as a reward for your hard work. If you don’t have a size credit card With debt or personal loans to pay off, a vacation can be a great way to spend a bonus. Just know that once the vacation is over, the money is gone. There are no tangible assets once you get home.

On the other hand, the new Appliances or gadgets can be a hybrid way to spend and save at the same time. your dryer been costing you the repair costs every two months? Maybe it’s time to move on to something more reliable. Did you put off buying a new computer, even if it was extremely slow? Maybe it’s time to bite the bullet and level up.

Whatever you decide, remember the vital lesson Clarke learned. You should never count on a bonus, but it is always a blessing when it does happen.


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Kimco Realty Company (NYSE: KIM) stock has seen solid momentum: what name for a closer look at its monetary outlook? | Zoom Fintech https://reynoldsrecords.com/kimco-realty-company-nyse-kim-stock-has-seen-solid-momentum-what-name-for-a-closer-look-at-its-monetary-outlook-zoom-fintech/ https://reynoldsrecords.com/kimco-realty-company-nyse-kim-stock-has-seen-solid-momentum-what-name-for-a-closer-look-at-its-monetary-outlook-zoom-fintech/#respond Thu, 11 Mar 2021 05:29:51 +0000 https://reynoldsrecords.com/kimco-realty-company-nyse-kim-stock-has-seen-solid-momentum-what-name-for-a-closer-look-at-its-monetary-outlook-zoom-fintech/

Kimco Realty (NYSE: KIM) is up 45% from the previous month. We marvel if and what position corporate finances play in this price change, as the long-term fundamentals of an organization often dictate market outcomes. In particular, we have decided to review Kimco Realty’s ROE on this article.

Return on Equity or ROE is a verification of an organization’s success in increasing its value and managing the cash flow of traders. In other words, it is a profitability ratio that measures the speed of return on the capital provided by the shareholders of the company.

Try our latest review for Kimco Realty

How to calculate the return on equity?

The ROE will be calculated using the system:

Return on equity = Internet income (persistence in operations) ÷ Shareholder equity

So, mainly based on the above system, Kimco Realty’s ROE is:

16% = US $ 911 million ÷ US $ 5.6 billion (based mainly on the last twelve months to September 2020).

The “return” is the annual income. So, which means that for every $ 1 invested by its shareholder, the company generates an income of $ 0.16.

What has ROE got to do with developing earnings?

To date, we have now discovered that ROE measures the efficiency with which an organization generates its revenue. Based on how much of those profits the company reinvests or “keeps”, and how it gets there, we are then able to assess an organization’s profit development potential. In general, all other things being equal, companies with an excessive return on equity and income retention, have a better development charge than companies that do not share these attributes.

Facet by facet comparability of Kimco Realty’s profit development and 16% ROE

For starters, Kimco Realty’s ROE seems acceptable. Especially since compared to the common business of 5.4%, the company’s ROE seems quite spectacular. Regardless of this, Kimco Realty’s 5-year internet revenue development has been quite stable over the previous 5 years. We believe that there might be other elements at play here that limit the development of the company. Likewise, the company pays out a huge portion of its profits as dividends or faces aggressive pressures.

Subsequently, when evaluating the evolution of Internet business profits, we found out that the company had increased its profits by 12% in the same interval.

NYSE: KIM Previous revenue development on December 5, 2020

The idea of ​​attaching value to an organization is, to a large extent, tied to the evolution of its profits. It is essential for an investor to know whether or not the market has incorporated the development (or decline) of the company’s anticipated profits. In doing so, they will wonder if the stock is heading for clear blue waters or if swampy waters are ahead of them. Is KIM valued enough? This intrinsic business value infographic has everything you need to know.

Does Kimco Realty Effectively Reinvest Its Income?

Kimco Realty appears to pay most of its profits as dividends judging by its three-year median payout ratio of 87%, which means the company only keeps 13% of its profits. Nonetheless, this is typical for REITs, as they are generally required by regulation to distribute most of their profits. As a result, it means that the evolution of the company’s profits has been minimal due to the overpayment.

Additionally, Kimco Realty has been paying dividends for at least ten years, suggesting that the administration should have perceived that shareholders want dividends rather than changes in earnings. Our latest analyst knowledge reveals that the company’s long-term payout ratio is expected to drop to 54% over the next three years. Either way, Kimco Realty’s longer-term ROE is expected to say no at 6.7%, regardless of the expected drop in the payout ratio. We believe that there are a number of factors that could possibly be responsible for the expected decline in the company’s ROE.

Abstract

Overall, it appears that Kimco Realty has some constructive sides to his business. However, we are unhappy to see a scarcity of revenues despite excessive ROE. Keep in mind that the business reinvests a small portion of its profits, which means traders do not reap the benefits of the excessive load of returns. In addition, after looking at current analysts’ estimates, we saw that the company’s profits are expected to decline sooner or later. To learn more about the company’s future earnings development forecasts, check out this free analyst forecast report for the company to learn more.

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This text from Merely Wall St is basic in nature. This does not represent advice to buy or promote any stock, and does not take into account your goals or your monetary situation. We intend to bring you a targeted long-term assessment driven by basic knowledge. Note that our assessment may not be published in the latest price sensitive company newsletters or in qualitative papers. Simply Wall St has no place in the actions we are talking about.
*Interactive Brokers rated the cheapest dealer by StockBrokers.com, Annual Online Review 2020

Do you have any suggestions on this text? Involved in regards to the content? Get in touch with us instantly. Otherwise, send an email [email protected]


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Are loans intended for people with fair credit? https://reynoldsrecords.com/are-loans-intended-for-people-with-fair-credit/ https://reynoldsrecords.com/are-loans-intended-for-people-with-fair-credit/#respond Thu, 11 Mar 2021 05:29:51 +0000 https://reynoldsrecords.com/are-loans-intended-for-people-with-fair-credit/

Personal loans are a great way to borrow money. However, they contribute to Less than 1% of total consumer debt in the United States. Credit cards generally have higher interest rates and are more accessible, often resulting in more debt.

Even if you don’t have the best credit score, a loan can help you borrow money without costing you more.

Read on to find out about some of the best loans for people with fair credit scores!

1. Bad loans

One of the best loans for people with fair or lower credit is the bad credit loan.

Bad Credit Loans is a great business to help people with bad credit. Finding a loan can be difficult if you don’t have a decent score, however, this company has many connections to help you out.

You can apply online and have access to lenders willing to meet your situation. Depending on your financial situation, you will work with a representative to create the best plan for your needs. Unfortunately, if your credit rating is too low, you could be rejected by this lender.

Typically, most people can get a loan, even if it’s only $ 1,000. You can apply online for free and see all the offers available to you. Take the time to evaluate each of them and compare the interest rates.

2. OneMain Financial

Have you ever received a letter in the mail from OneMain Financial?

This business is known to help those with credit card debt and large personal loan payments. You can get secured and unsecured loans through the business and reduced amounts with better credit scores.

OneMain Financial can help you reduce payment amounts each month and consolidate all of your payments. A lower than average credit score can usually get you a loan of up to $ 10,000. Make sure you pay attention to the APR and the length of the terms, you will have different options.

There are over 1,000 branches in the United States, making their customer service easy to use. You can also apply for your loan online. This business is best for anyone with a credit score below 600.

If your credit score is lower, OneMain Financial can still consider your application along with your income details. You can get a free pay stub template to help you get your loan.

3. Before

Are you looking for an unsecured loan with an average credit score?

Avant is a great company to borrow from if you have a decent enough credit rating. Having access to cash quickly will not be a problem if your score is between 600 and 700 points.

You can get your money back within 24 hours of applying for the loan. The best part about borrowing from this company is that they have a customer support team available every day of the week.

These are usually larger loans and can go up to $ 35,000. Your APR and the length of your term will depend on your selections and approval. While this business can improve the financial situation, do not overlook the administration costs attached to it.

With Avant, you can also control your finances through a mobile app for faster service!

4. Personal loans

If you are tired of applying for all these different loans, this company is the best choice.

Personal Loans is a business that can let you see multiple lenders who are looking for your business. With just one app, you can access loan details in one consolidated place.

This company will review your request and quickly put you in touch with the best lender. APRs through Personal loans will impress you with competitive rates and higher borrowing limits.

Just be sure to overlook every detail before making a selection on this site. Minor details can lead to major setbacks.

5. Peerform

Sometimes going through a loan company is not possible.

Whether it’s a low credit score or a bad financial history, there are other ways to get financial help. Peerform is an online loan company that can put you in touch with a private lender.

Private lenders can help you out when you need it, and you don’t have to worry about banking regulations. Generally, it can cost less. You should research your lender and review your agreement to avoid any future litigation.

However, if your credit score is below 600, you will be refused during your application process. Be sure to plan if you intend to use Peerform, as funds can take up to 2 weeks to arrive in your account. It is not the recommended source for borrowing if you need quick cash.

Another thing to watch out for while using this site is the origination fees that are attached with each loan.

6. NetCredit

If your credit score is just below 600 and you are fed up with being denied claims, NetCredit may be able to help.

This company will lend loans to people with a credit score of around 550 points. The website is easy to navigate and doesn’t hide important details. Another advantage of this company is that it allows loan repayment the day after your financing, in case you change your mind!

Loans for people with fair credit can offer a great future

To be broke is not easy and to find loans to people with fair credit scores can be even more difficult.

Using this guide can help you explore all of your available options when you need them. Even if you don’t have the best credit score, there are still plenty of options to choose from. If you are looking for a loan, it is important not to rush the process.

Taking the time to compare offers and read the fine details can help you avoid even more debt. With the right steps, you can come one step closer to a great, financially stable future.

Be sure to check out our blog for more articles on personal finance and how you can improve your financial habits!


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Play – 5 Holiday Gifts for Sports Activities Players | Zoom Fintech https://reynoldsrecords.com/play-5-holiday-gifts-for-sports-activities-players-zoom-fintech/ https://reynoldsrecords.com/play-5-holiday-gifts-for-sports-activities-players-zoom-fintech/#respond Thu, 11 Mar 2021 05:29:51 +0000 https://reynoldsrecords.com/play-5-holiday-gifts-for-sports-activities-players-zoom-fintech/

It’s the holiday season and getting something on your favorite sports player will earn you points. While buying “points” is rarely very helpful in sports betting, a few “essentials” to ensure your degenerate chooses additional winners can go a long way in the direction of a new, truly happy 12 months. Below are 5 holiday gifts for sports players that all of us might be happy to search under the tree, in our inbox or on the door.

Completely satisfied

5 holiday gifts for sports activities

1. Athletic subscription

There is no better value on the market for sports protection… of all the coins you can think of. You can subscribe to the feeds of your groups in addition to obtaining broad national protection on any sport. If you’ve ever wondered what happened to the editors of your local newspapers or favorite magazines / websites, they are probably quite correct here. Some writers are going through the weeds and a few are using tons of superior stats, but every day there can be a lot of good content to devour. There really is one thing for everyone, and this is great value. As the last word of every day, the sports activities journal and the journal all in one. Not only intended for play / fantasy, but there may be more and more of this printed content.

PS Guys Who Make Video Games – NFL, N(BA), CFB, CBB are not very correct, but that’s what we do well, right?
NFL Pick, N(BA) Choice, Choice CFB, Choice CBB

2. Something Homefield Attracts

There are plenty of places where you can store designer clothes, but few of them really show you anything when it comes to sports. Homefield not only has stunning and comfy stuff but their retro styles are superior and so they even have fun creating new designs, they don’t seem to just stick logos on cotton. The new homefield faculty and college weekly revelations are nice, and paying homage to their roots in Indiana makes them a must buy and should help, especially during the pandemic. Do any of us really want another piece of clothing with a swoosh on it?

(SGPN did not acquire any money to give this advice)

3. KenPom / Phil Steele / FanGraphs

If you’re looking for granular analytics in the sports world, these are just a few great places to look for them. He’s likely to be a little cheesy, but no score is more revered in faculty circles than KenPom, and one of my finest dismays of 2020 missed at that point once I got over it. bought my year of college football from Phil Steele and figured out that I am by no means having the capacity to learn the whole thing. The fan charts would be perhaps even the most useful of the bunch, as every day you will discover some superior nuggets that will allow you to do that with these MLB prop bets. These three providers have a great perception and they are at the forefront of how we increasingly use these instruments. Why not put them together in a package. It really doesn’t have much value and it will definitely be one type of gift that will continue to be given.

4. Any media service providing tons of European football

There’s more football on TV than ever before, but you want more than your basic cable packages to watch the EPL, Bundesliga, La Liga, Serie A and Ligue 1, to name a few. -a. Having access to all of these will allow you to start talking about football with precision and I have also found that football is the right backdrop to look for the next 12 training team hoops or the Cole receiving prop. Beasley. There is an amazing buzz in this attractive sport. Choices embrace D(AZN) but there are others as well. Football wins are also nice. They lure you in with massive payouts and kill you with those lures that we don’t select in any way.

Question Of The Day: How come football shows don’t release themselves to indicate goals for different video games like they do to score points in the NFL? (Simply questioning)

5. Left Discipline Brewery (or Aboriginal craft brewery of your selection)

It’s a bit of a neighborhood traffic jam that can probably be repeated across the country. Left Discipline Brewery is a premium craft brewery in Toronto. Each beer pays homage to a second in baseball history, and if you’re ever in town take your dog, there are usually more dogs than people out there it seems. They are nice people there and therefore they make great beer. As degenerates we always watch the games we bet on and maybe there is nothing that goes better with this exercise than a good beer. My tip is Candy Spot, a marshmallow mocha stout. If you end up in the tasting room, they serve it with a toasted marshmallow. How much is that superior to the element?

Discovering and buying from your native brewery is a great option for testing out a number of packaging containers this holiday season.


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Technicals Recommend Bitcoin Want To Erase $ 9,800 In Hopes Of Recent Rally | Zoom Fintech https://reynoldsrecords.com/technicals-recommend-bitcoin-want-to-erase-9800-in-hopes-of-recent-rally-zoom-fintech/ https://reynoldsrecords.com/technicals-recommend-bitcoin-want-to-erase-9800-in-hopes-of-recent-rally-zoom-fintech/#respond Thu, 11 Mar 2021 05:29:51 +0000 https://reynoldsrecords.com/technicals-recommend-bitcoin-want-to-erase-9800-in-hopes-of-recent-rally-zoom-fintech/

Bitcoin is currently correcting the increase in aid of $ 9,300 towards the US greenback. The BTC price is expected to clear the resistance ranges of $ 9,740 and $ 9,800 to continue rising in the near period.

  • Bitcoin is currently showing only a few constructive indicators above the $ 9,500 and $ 9,600 ranges.
  • Price is more likely to acquire bullish momentum if it breaks the resistance ranges of $ 9,740 and $ 9,800.
  • There is a bearish flag forming with resistance near $ 9,740 on the hourly chart of the BTC / USD pair (Kraken knowledge source).
  • The pair could resume its decline if it fails to break through the resistance zone of $ 9,740.

Bitcoin price through obstacles

Yesterday we noticed a sharp U-turn in the price of bitcoin of over $ 10,000 towards the US greenback. BTC broke many key aids at nearly $ 9,800 and the 100 easy gear changes every hour.

He even exceeded the aid of $ 9,500 and examined the aid space of $ 9,300. A low is set at near $ 9,299 and the price is currently being corrected. He is now buying and selling above the pivot degree of $ 9,500.

There was a break above the 23.6% Fib retracement degree of the downward transfer from excessive $ 10,366 to $ 9,299. Also, it buys and sells above the $ 9600 degree and easy 100 hour shifting.

It appears that a bearish flag is forming with resistance near $ 9,740 on the hourly chart of the BTC / USD pair. The channel resistance zone is near the current blackout zone at $ 9,740. There may also be a connecting downtrend line with resistance near $ 9,745 on the same chart.

If the price of bitcoin clears resistance from the pattern line, it might take a look at the next major resistance near $ 9,800. The 50% fiber retracement degree of the excessive $ 10,366 downward transfer to $ 9,299 may also be close to $ 9,832.

If the bulls manage to clear the resistance ranges of $ 9,740 and $ 9,800, there are chances of a slight increase in the classes to come. The next key resistance area is near the $ 10,000 degree.

Recent decline in BTC?

There are odds of another breakout for bitcoin if it struggles to clear $ 9,740 and pattern line resistance. In contrast, using the primary key is close to the flag channel at $ 9600.

A transparent break below the bearish flag at $ 9600 could accelerate losses. Direct aid is $ 9,500, below which there is a threat of further downside towards the $ 9,300 degree.

Technical indicators:

Hourly MACD – The MACD is moving slowly in the bullish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC / USD is now effectively above 50 degrees.

Primary Assistance Ranges – $ 9,600 adopted by $ 9,500.

Main resistance ranges – $ 9,740, $ 9,800 and $ 9,830.


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How To Upgrade Your Home Office Now That You Are Telecommuting! | Zoom Fintech https://reynoldsrecords.com/how-to-upgrade-your-home-office-now-that-you-are-telecommuting-zoom-fintech/ https://reynoldsrecords.com/how-to-upgrade-your-home-office-now-that-you-are-telecommuting-zoom-fintech/#respond Thu, 11 Mar 2021 05:29:51 +0000 https://reynoldsrecords.com/how-to-upgrade-your-home-office-now-that-you-are-telecommuting-zoom-fintech/

Have you found yourself working from home recently? Tired of cramming into the guest bedroom with a questionable color scheme and all the Christmas decorations? If you really want to maximize your productivity while working from home, there are some things you need to consider about the space you live in. To make the most of your time and create the best home office space, read on to find out more.

Redecorate

Did you know that decorating your home workspace can have a big impact on your productivity? Through a number of studies it has been proven that the color of your walls can either improve or worsen your ability to concentrate, relax and do well. There is a lot of psychology behind the different colors and the way they impact people and it makes sense that this also applies to the colors on your office walls.

If you are working in a creative industry, colors such as warm red, yellow, and orange can energize you as they evoke feelings of warmth, happiness, and creativity. If you work in a stressful industry or in management, cool greens and blues can keep you focused and grounded. In terms of productivity, blue and red are the optimal colors to keep employees on track. If that isn’t your vibe, you can go for a neutral white or cream instead.

Another important part of optimizing your workspace is what you put into it. Plants are essential, not only because they purify the air, but because taking care of them and looking at them can help you relax. You should also aim for a lot of natural light, combined with artificial light in yellow tones. Stay away from bright white lights or dark rooms without natural light.

Finally, you should invest in storage systems to keep your space as uncluttered as possible. Although it is tempting to fill your desk and shelves with books and decorations, a large number of objects can distract you and even increase your stress.

Consider a move

How To Upgrade Your Home Office Now That You Are Telecommuting!

It might sound a little drastic, but if you plan to work from home for the long haul and don’t have the perfect home office, it may be worth considering a move. Recent trends show that there is a growing trend towards remote working, one that is unlikely to change anytime soon. Having a quiet, dedicated space at home where you can work in peace is an investment in your career.

If this is not something you have been considering, now is the time to start your research. Trussle is a leading mortgage comparison site and it provides side-by-side analysis of offers from hundreds of lenders in one place. Whether you’re a first-time buyer or looking to modernize, this is a great place to start. Depending on how much you deposit, how much you want to borrow, and how you want to pay it back, you can easily assess different mortgages and you’ll quickly find that getting the home office you’ve always dreamed of isn’t. has not be out of reach.

Adopt ergonomics

Once you’ve taken care of where your home office is and how it’s decorated, you need to take care of yourself physically. There’s no point just setting up a computer, desk, and chair, and hoping for the best – your workspace has to be right for you. Ergonomic desks, chairs, mouse pads and keyboardsare a must, especially for those who spend long hours in front of the computer screen.

If you don’t ergonomically optimize your home workspace, you risk repetitive strain injuries, carpal tunnel syndrome, tension headaches, shoulder and back problems, and various other physical problems. Working in poor conditions can also take a psychological toll on you, so it’s best to make sure that all the equipment you use is designed for optimal comfort and fit.

While we cannot guarantee that following these tips you will get a promotion, we can say that they will significantly improve the way you work.


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Commonwealth Bank Australia customers overcharged $ 2.9 million: ASIC https://reynoldsrecords.com/commonwealth-bank-australia-customers-overcharged-2-9-million-asic/ https://reynoldsrecords.com/commonwealth-bank-australia-customers-overcharged-2-9-million-asic/#respond Thu, 11 Mar 2021 05:29:51 +0000 https://reynoldsrecords.com/commonwealth-bank-australia-customers-overcharged-2-9-million-asic/

The financial services watchdog has taken Australia’s largest bank to court for charging inflated interest charges to more than 2,200 customers.

The Commonwealth Bank is accused of taking 34% interest on companies’ overdrawn accounts between December 2011 and March 2018, despite the reported rate of between 14.55 and 16%.

The difference brought the bank more than $ 2.9 million, financial regulator ASIC said in court documents on Tuesday.

Overdraft is a form of credit extended when an account reaches zero, which allows customers to withdraw more funds than they have.

“CBA has fully cooperated with the ASIC investigation and does not intend to defend the proceeding,” the bank said in a statement Tuesday.

The Commonwealth Bank overcharged $ 2.9 million on corporate overdraft accounts. Credit: PAA

A customer reported the problem to CBA in August 2013, which led to a manual correction two months later.

But the bank had not correctly identified the majority of affected customers and was not applying the fix under certain circumstances due to a software bug, according to ASIC.

The regulator, which can only prosecute for alleged breaches over the past six years, says affected clients received 12,119 statements as of December 2014 containing false and misleading statements about their overdraft interest rate .

The Commonwealth Bank has said it will not defend a court case over its overbilling of more than 2,200 customers.
The Commonwealth Bank has said it will not defend a court case over its overbilling of more than 2,200 customers. Credit: ERIK ANDERSON/AAPIMAGE

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CURO provides business and financial update https://reynoldsrecords.com/curo-provides-business-and-financial-update/ https://reynoldsrecords.com/curo-provides-business-and-financial-update/#respond Thu, 11 Mar 2021 05:29:50 +0000 https://reynoldsrecords.com/curo-provides-business-and-financial-update/

WICHITA, Kan .– () – CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a market leader in short-term credit to underbanked consumers, today announced its response to the COVID-19 pandemic and provided an update on other activities important and financial matters. This update is not intended to be a comprehensive business and financial update and the Company currently expects to release its results for the first quarter ended March 31, 2020 within a timeframe consistent with its past practices.

Financing and treasury: The Company has entered into today an asset-backed revolving credit facility (the “Credit Facility”) to provide funding for US installment and line of credit accounts receivable, including those generated under its relationship. of technology, marketing and service with Stride Bank. The credit facility provides for an initial borrowing capacity of $ 100.0 million and, subject to obtaining additional commitments, the ability to increase the borrowing capacity to $ 200.0 million . Concurrent with the closing, the Company drew $ 35.2 million on the facility. The Company had $ 180.3 million in cash as at March 31, 2020, including $ 41.5 million in restricted cash. On a pro forma basis, assuming the closing of the credit facility on March 31, 2020, the Company had $ 215.5 million in cash, including $ 41.5 million in restricted cash.

Customer service program: In light of the COVID-19 pandemic, in mid-March, the Company implemented an enhanced customer service program, which refocused its efforts to help the Company’s customers during this unprecedented time. CURO has responded to more than 35,000 calls and emails from customers reporting varying degrees of impact and hardship related to COVID-19. CURO’s Customer Service Program enables our team members to provide relief to clients in a variety of ways, ranging from changes in due date, interest or fee waivers, payment waivers or plans extended payments, depending on a client’s individual circumstances. The Company has also temporarily suspended all charges for returned items.

Store operations and employees: The Company’s 416 stores in the United States and Canada remained open and, where applicable, were designated as an essential service by local regulations. In an effort to ensure the safety of its employees and customers, CURO has reduced store opening hours, with all stores now open Monday through Saturday from 10 a.m. to 6 p.m., while adhering to strict social distancing guidelines. throughout the store. The company has pledged to pay all staff in its store their full-time salaries until May 2, 2020, regardless of staff schedule changes resulting from COVID-19. The Company also has an emergency paid vacation plan in place to ensure employees are paid when they are unable to work due to COVID-19. In light of the impact of this pandemic on the company’s frontline teammates, CURO has pledged a bounty to all active teammates in the store to provide additional relief.

Contact Center and Business Support Operations: Almost all of the 1,100 contact center and corporate support staff in Wichita, Toronto and Chicago are now successfully working from home.

Subscription and arrangements: CURO has adjusted its credit underwriting models to tighten approval rates and improve its employment and income verification practices for in-store and online lending platforms. CURO has seen a significant reduction in demands and new customer start-ups and the company expects this trend to continue until the public health crisis subsides. The Company has also recently seen an increase in defaults and net cancellation rates compared to the prior year periods.

In light of the uncertainties surrounding the business, financial and other negative impacts of COVID-19:

Advice: The Company withdraws its forecasts for the whole of 2020.

Short-term incentive program: On April 2, 2020, the company’s board of directors canceled the 2020 Short-Term Incentive Program, an annual cash bonus program covering approximately 200 directors and business support executives. The Company believes it is important at this time to focus its resources on supporting customers and frontline staff in its store and contact centers.

Share buyback program: On March 15, 2020, the company’s board of directors suspended its previously announced $ 25 million share buyback program.

ABOUT CURO

CURO Group Holdings Corp. (NYSE: CURO), operating in the United States and Canada and powered by its fully integrated technology platform, is a market leader in terms of revenue by providing short-term credit to underbanked consumers. In 1997, the company was founded in Riverside, Calif., By three childhood friends from Wichita, Kansas, to meet growing consumer needs for short-term loans. Their success has led to the opening of stores across the United States and an expansion to offer online loans and financial services in two countries. Today, CURO combines its market expertise with a fully integrated technology platform, omnichannel approach and advanced credit decisions to deliver a range of short-term credit products across all media. CURO operates under several brands, including Speedy Cash®, Rapid Cash®, Cash Money®, LendDirect®, Avío Credit®, Opt + ® and Revolve Finance®. With over 20 years of operational experience, CURO offers financial freedom to the underbanked.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. These forward-looking statements include statements relating to the actions we have taken in response to COVID-19, the effectiveness of those actions and our cash position, and our expectations regarding the results release schedule for the quarter ended March 31, 2020. In addition, words such as “direction”, “estimate”, “anticipate”, “believe”, “anticipate”, “step”, “plan”, “predict”, “focused”, “project”, “is probable “,” expect “,” intend “,” should “,” will “,” confident “, variations of such words and similar expressions are intended to identify forward-looking statements. Our ability to make these forward-looking statements is based on certain assumptions and judgments, including the effects on our business of the COVID-19 pandemic, its impact on our ability to continue to serve our customers, our revenues and our overall financial performance and how we are able to conduct our operations, the increase in accrued liabilities in light of the impact of the COVID-19 pandemic and our ability to execute our business strategy and accurately forecast our future financial results . These assumptions and judgments may prove to be incorrect in the future. These forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which are difficult to predict as to the timing, extent, likelihood and degree of occurrence. There are material factors, both within our control and beyond our control, that could cause our actual results to differ materially from those of forward-looking statements. These factors include the impact of COVID-19 on the macroeconomic environment and its impact on our customers, our dependence on third party lenders to provide the liquidity we need to fund our loans and our ability to access affordable third-party financing; errors in our internal forecasts; our level of debt; our ability to integrate acquired businesses; the actions of regulators and the negative impact of these actions on our activities; our ability to protect our proprietary technology and analytics and to track those of our competitors; disruption of our information technology systems that adversely affects our business operations; inefficient pricing of the credit risk of our potential or existing customers; inaccurate information provided by clients or third parties could lead to errors in the assessment of clients’ qualifications to receive loans; inappropriate disclosure of customer personal data; the failure of third parties who provide us with products, services or support; any default by third party lenders on whom we rely to do business in certain states; the disruption of our relationships with banks and other providers of third-party electronic payment solutions; disruption caused by theft and employee or third party errors in our stores; and other factors discussed in our filings with the Securities and Exchange Commission. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual future results. We assume no obligation to update, modify or clarify any forward-looking statement for any reason.

(CURO-NWS)


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Voatz demands restrictions on impartial cybersecurity analysis in Temporary Supreme Court case | Zoom Fintech https://reynoldsrecords.com/voatz-demands-restrictions-on-impartial-cybersecurity-analysis-in-temporary-supreme-court-case-zoom-fintech/ https://reynoldsrecords.com/voatz-demands-restrictions-on-impartial-cybersecurity-analysis-in-temporary-supreme-court-case-zoom-fintech/#respond Thu, 11 Mar 2021 05:29:50 +0000 https://reynoldsrecords.com/voatz-demands-restrictions-on-impartial-cybersecurity-analysis-in-temporary-supreme-court-case-zoom-fintech/

Blockchain voting startup Voatz argued that cybersecurity bug bounty requests should be exploited under strict surveillance in a temporary ‘friend of the court’ before the role of the United States Supreme Court (SCOTUS).

Voatz weighed in on Van Buren v. United States, a Supreme Court file verifying whether or not it is a federal crime for someone to enter a computer “for improper purposes” if they have already obtained permission to ‘enter different data. on this pc.

Nathan Van Buren, the petitioner in the case, is a former Georgia police officer who was charged under the Laptop Fraud and Abuse Act (CFAA) after trying a license plate for knowledge. Van Buren claims that a lower court decision upholding his conviction could be interpreted to imply that “any ‘insignificant violation'” of a computer system could be a federal crime.

The scope of the case appears to have widened, covering not only the violations, but also how the CFAA itself might be interpreted. The query listed on the SCOTUS briefs reads as follows:

“If there was sufficient evidence to establish that the applicant, a police sergeant, exceeded his authorized access to a protected computer to obtain information for financial purposes, in violation of 18 USC 1030 (a) (2) (C) and (c) (2) (B) (i), in exchange for payment in cash, he searched a confidential law enforcement database to see if a particular person was an undercover police officer.

The United States, the respondent, argued that this was a “bad vehicle” to check if the CFAA is just too wide, and mentioned in its draft article that the SCOTUS overview does is not even justified.

In its draft, Voatz says the CFAA should not be restricted and that some computer method violations are needed. Nonetheless, the agency argues that researchers attempting to explore potential vulnerabilities should especially test with companies they assess before doing so and will only do so with the permission of the companies.

“Bug bounty programs are very effective,” Voatz wrote. “They’re extremely prevalent in the tech industry, and even outside that industry, a 2019 survey found that 42% of companies outside of the tech industry were running a crowdsourced cybersecurity program.

The temporary update is available in response to another complaint filed by a group of security researchers who argue that the CFAA has certainly “been interpreted too broadly”, hampering computer security efforts. This provisional criticizes Voatz among his various arguments.

General guidelines

Voatz notably faced criticism from cybersecurity researchers, as well as an MIT staff member who printed a report in February claiming that Voatz had insufficient transparency and that its internal methods faced various vulnerabilities. Voatz disputed the allegations in the report.

Path of Bits, another cybersecurity agency commissioned by Voatz to conduct an audit of its methods, confirmed the MIT researchers’ claims in a subsequent report.

Voatz immediately fought with the researchers. Late last year, US attorney Mike Stuart said the FBI was attempting an “unsuccessful break-in attempt” into Voatz, which was presumably instigated by a Michigan scholar or students attending a class. of security.

In its draft article, Voatz said “ill-advised student activity” was reported to West Virginia agents because the company could not distinguish between their analysis and a specific hostile attack.

“Regardless of the details, however, the West Virginia incident illustrates the damage caused by attacking or ‘searching’ critical infrastructure without proper access and authorization, particularly in the middle of an election,” Voatz wrote. .

Non-malicious researchers attempting to break into digital instruments “impose significant additional costs” on organizations, have mentioned permissible temps, and will undermine public trust.

Jake Williams, who founded Rendition Safety, informed CNET {that a} “vast majority” of cybersecurity researchers would undoubtedly not be licensed, which means Voatz’s help for a large CFAA ” would make the task 100% more difficult “for the researchers.

Voatz’s interim comes a day after a press release was issued claiming the Michigan Democratic Celebration used its app at an ongoing press conference when voting for various positions. Michigan’s Democratic Celebration did not immediately return a request for a remark.

Opposite views

Voatz’s arguments aside, his temp makes a variety of quotes and assertions that seem to lack context.

Voatz says it has been used in 70 elections, including state and municipal elections, and immediately claims it is “critical infrastructure” by the Homeland Security Division.

The elections include West Virginia (which announced in March that it will not use Voatz for its next election) and Utah County (whose clerk and auditor has secured a donation of $ 1,500 for the campaign. marketing from Overstock CEO Jonathan Johnson, who may be chairman of investor Voatz Medici. companies).

The company declared its assembly requirements by Professional V&V, a federal voting system verification laboratory, but according to Politico cybersecurity reporter Eric Geller, “the report does not make sense” because the requirements have were defined years ago and the analysis was not a goal.

Eddie Perez, global director of technology growth at the Open Supply Election Know-how Institute, wrote that the Election Help Fee (EAC), the federal entity that accredited Professional V&V, doesn’t even have requirements national for remote voting methods.

The EAC itself issued a press release saying that “these test reports are not to be taken as an implicit endorsement on the part of the [voting system test laboratories] or the EAC that the evaluated systems comply with [voluntary voting system guidelines] standard or equivalent to an EAC certified voting system.

“Currently these programs are run by Voatz itself, but in the past some were run through a vendor such as HackerOne Inc.,” the temp said. He did not point out that HackerOne severed ties with Voatz in March.

Additionally, HackerOne Founder and CTO Alex Rice said on Twitter that “we support the opposing arguments made by” the Digital Frontier Basis (EFF), which demands a shrinking of the CFAA, unlike Voatz, which has quoted HackerOne in the provisional.

Likewise, Casey Ellis, founder and technical director of the participatory security platform Bugcrowd, whom Voatz has repeatedly cited, also wrote that he signed and supported the temporary EFF program, and never that of Voatz.

Each Rice and Ellis mentioned that Voatz had not contacted them before submitting the temporary.

Disclosure

A leader in blockchain information, Fintech Zoom is a medium that strives to meet the best journalistic requirements and adhere to a strict set of editorial insurance policies. Fintech Zoom is an impartial working subsidiary of Digital Foreign Money Group, which invests in cryptocurrencies and blockchain startups.


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Melbourne man finds out millionaire after being too distracted to check TattsLotto 4069 draw ticket https://reynoldsrecords.com/melbourne-man-finds-out-millionaire-after-being-too-distracted-to-check-tattslotto-4069-draw-ticket/ https://reynoldsrecords.com/melbourne-man-finds-out-millionaire-after-being-too-distracted-to-check-tattslotto-4069-draw-ticket/#respond Thu, 11 Mar 2021 05:29:50 +0000 https://reynoldsrecords.com/melbourne-man-finds-out-millionaire-after-being-too-distracted-to-check-tattslotto-4069-draw-ticket/

A Melbourne man discovered he was a millionaire after walking for almost a month with a winning ticket in his wallet.

The Burwood East man told lottery officials he was “too distracted” to verify his ticket, which brought him a windfall of over $ 1 million.

He was one of five people to hold a Division 1 winning entry in TattsLotto draw 4069 on Saturday, July 18.

But with an unregistered ticket, the Melburnian had no idea he would have become a millionaire.

“It really feels good to be a millionaire! I can tell you that! I was far from being before! he told lottery officials on Monday, after checking his ticket.

“I didn’t realize I had a winning ticket until I bought a new one. I saw the old one in my wallet and thought I better check it out.

The man won over a million dollars. Credit: The Lot

“When I heard the noise, I thought ‘Whacko! I must have won $ 20 or something! ‘.

“They told me I won something good, much better than that!”

The man said he buys a ticket about once a fortnight “but I’ve been distracted this month by everything that’s going on”.

“I didn’t have time to buy another one,” he said.

“I had just struggled. Everything is a bit magical at the moment.


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