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New Study Suggests Online Lenders Target Vulnerable Consumers

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The Federal Reserve Bank of Cleveland issued new research on the online lending market showing that borrowers end up in more debt than consumers who don’t utilize this method of borrowing. The researchers used data from TransUnion for the study, pinpointing 90,000 borrowers who took out online loans from 2007 to 2012.

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Online Lending And A Tale Of Two Fed Studies

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Online consumer lending – in a variety of forms – has grown explosively over the last decade. The recent release of a study by the Cleveland Federal Reserve has managed to increase the decibel level of that debate. Cleveland’s Dark Outlook. So how did one branch of the Fed end up on such a different page from their counterparts?

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Virginia Sues Online Lender Over Consumer Loans

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Virginia is suing one of the largest online lenders in the U.S. Its parent company, Enova International, reportedly spent more than $100 million in 2017 for marketing. In the newspaper’s story, Attorney General Mark Herring advocated for stronger laws to “protect Virginians from predatory loans, whether issued online or in person.”.

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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

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Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Digital dollars could make the leap from concept to reality, but there might be a few ways to get there.

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Online Catering Platforms Help Restaurants Reach Offices

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To help make this happen, ZeroCater recently notched $12 million in a Series B funding round with Cleveland Avenue as a lead investor, according to Crunchbase. In all, Sabeti said he has about 100 roles that he hopes to fill this year — and he hopes to expand into new markets, too. “We

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Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

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Among the potential and evolving use cases: private stablecoins can conceivably be adopted as a means of payment for online purchases, peer-to-peer and micro-payments and a range of potential future. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges.

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Warehouse Space Going For Premium Rates

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Brick-and-mortar merchants are far from being free from the problems that plague their particular brand of retail, but even they have to look at online retail rising rents for warehouse space with a little bit of mirth. Of the 57 major retail markets studied, 37 of them posted decreases to warehousing availability.

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