Karla Ogaro was a certified pharmacist in the Philippines before emigrating to Canada. Mohammed Aly, also an immigrant to Canada, was a dentist who ran a clinic that served over 2,000 patients in his native city of Cairo, Egypt. Josie Scapa worked as a nurse on two continents...
Income sharing is not a common method of financing as of 2019 — though, as of late, it has begun to get much more interest from investors and innovators, particularly in the context of student loan financing. The basic structure of the program in a...
In 2010 a small, obscure New York State political party grabbed a lot of viral attention with a video by its candidate for the governorship, Jimmy McMillan. McMillan’s party name and his message are one in the same: “The Rent Is Too Damn High.” The RITDH...
Last week presidential candidate Sen. Bernie Sanders and freshman New York Rep. Alexandria Ocasio-Cortez made a lot of headlines with the Loan Shark Prevention Act — a big, wide-ranging piece of consumer protection legislation that would do two main things. First, it would cap the interest...
Stronger-than-expected loan originations combined with increased transaction fees to push LendingClub’s quarterly earnings report past analyst expectations when the results went live shortly after the market closed yesterday (May 7). The marketplace lending platform reported adjusted net loss of $11.25 million, or 3 cents a...
By the numbers, Americans are not a very financially literate people. According to a Standard & Poor’s Global Financial Literacy survey only about 57 percent of the adult population is financially literate, and only about one out of three can answer simple questions about inflation,...
This week Democratic presidential candidate Sen. Elizabeth Warren managed to capture a lot of airtime — no small feat in a field with over 20 people in it — with what is as of yet the largest and most radical proposed solution to the student...
The Securities and Exchange Commission announced late last week that Prosper, the online lender, has agreed to pay a $3 million fine for misleading retail and other investors via statements it made. In a press release the SEC said it charged Prosper with “miscalculating and materially...
Microlending is a relatively simple concept that can be complicated to evaluate. The theory behind it, pioneered by Nobel Prize-winning economist Muhammad Yunus, is pretty straightforward. By accessing small loans at moderate interest rates, impoverished borrowers can invest in building small businesses, getting an education or making...
