Gatong Cheng Hui http://gatongchenghui.com/ Mon, 11 Oct 2021 17:54:29 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://gatongchenghui.com/wp-content/uploads/2021/04/cropped-icon-32x32.png Gatong Cheng Hui http://gatongchenghui.com/ 32 32 Installment loans help fuel India’s festive recovery https://gatongchenghui.com/installment-loans-help-fuel-indias-festive-recovery/ https://gatongchenghui.com/installment-loans-help-fuel-indias-festive-recovery/#respond Mon, 11 Oct 2021 16:00:00 +0000 https://gatongchenghui.com/installment-loans-help-fuel-indias-festive-recovery/

Indian consumers are ramping up Buy Now, Pay Later (BNPL) installment plans to buy everything from washing machines to online vacations as the country’s longest holiday season kicks off.

The popularity of these small loans which typically amount to less than 5,000 rupees (US $ 67) is increasing as the labor market recovers from the COVID-19 pandemic shock. Those payments have risen by at least 20 to 30 percent in the past three months, executives at fintech firms said.

They are expected to increase by around 66% on an annual basis in India to reach $ 11.6 billion this year, according to a Research and Markets survey.

Photo: Reuters

“Things are very positive, people have got their jobs back,” said Bhavin Patel, co-founder and CEO of LenDenClub, a peer-to-peer lending platform. “The Buy-It-Now-Pay-On-Pay model is the most popular source of borrowing for clients who need small loans quickly to meet their immediate cash flow needs. “

The increase in vaccination rates, coupled with the decrease in COVID-19 cases, is fueling optimism that people are more willing to spend on goods and jewelry this year. These consumers are increasingly turning to installment plans from retailers such as e-commerce giants Amazon.com Inc, Flipkart Internet Pvt Ltd and Ant Group Co (螞蟻 集團) backed by Paytm Ecommerce Pvt, as well as small businesses. financial technology companies like LenDenClub, Simpl, ZestMoney and CASHe.

LenDen saw loan applications triple to 170,000 last month from February and expects another increase to 250,000 in December, Patel said.

More generally, credit card spending rose 54% in August from a year earlier, according to a report from Bank of America Corp.

“BNPL is helped by two things, one is the holiday season and the second is COVID as people become more comfortable with online shopping,” said CASHe CEO Yogi Sadana. “We are increasing about 30 to 35% on a monthly basis, in terms of the number of loans we make each month. The support is phenomenal.

For fintechs, these loans occupy an ideal place. They are aimed at clients who would generally not be qualified to borrow from a traditional bank or who would have to wait longer than to get a loan in a few hours.

“It’s a win-win situation for all three players: borrowers who get loans quickly, lenders who get average returns of 10-12%, and us who earn 5-6% fees by putting borrowers and lenders on a common platform. Patel said.

Comments will be moderated. Keep comments relevant to the article. Comments containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. The final decision will be at the discretion of the Taipei Times.

Source link

]]>
https://gatongchenghui.com/installment-loans-help-fuel-indias-festive-recovery/feed/ 0
Austin real estate tech firm targets Zillow https://gatongchenghui.com/austin-real-estate-tech-firm-targets-zillow/ https://gatongchenghui.com/austin-real-estate-tech-firm-targets-zillow/#respond Mon, 11 Oct 2021 11:20:51 +0000 https://gatongchenghui.com/austin-real-estate-tech-firm-targets-zillow/

A battery of former Texas attorney general Ken Paxton is behind an antitrust lawsuit against Zillow.

The big picture: Zillow is the go-to site for real estate listing searches, but REX, an Austin-based real estate broker, alleges that Zillow unfairly marginalized his listings, harming his business, buyers and sellers.

  • REX listings, as well as others that are not listed with a real estate agent, such as owner’s sale, can now be found in an obscure “other listings” tab on Zillow’s website, rather than in the default tab.

  • Zillow officials say they are following National Association of Realtors rules that call for the separation of houses listed by agents from those not represented by agents. The NAR is also a defendant in the REX lawsuit.

Stay on top of the latest market trends and economic information with Axios Markets. Subscribe for free

Why is this important: REX says its approach, which automates the work traditionally done by realtors using data to match sellers to potential buyers, cuts commission fees from around 6% to almost 2%.

Michel toth, a former special advocate for Paxton, is the general counsel for REX and told Axios that the “agent registrations” to other registrations ratio was 9: 1 when Zillow began to separate the two in January. The ratio in some areas is now closer to 100: 1 as sellers find it increasingly difficult to sell outside listing agents.

  • He hired two former AG colleagues, Darren McCarty and former Texas Attorney General Scott Keller, as part of his “motley team” of lawyers, Toth told Axios.

  • McCarty and Toth worked on a Texas antitrust case against Google before each left Paxton’s office – Toth for a short-term state judge job before losing an election to a Democrat, and McCarty in connection with ‘a mass exodus of assistants who accused the attorney general of a pattern of corruption.

  • Keller, like Toth, is active in Republican politics and has represented Texas in battles against the Obama administration over immigration, environmental regulations, and voter identification laws.

  • The AP reported earlier this year that Paxton is now seeking $ 43 million in public funds to replace some of its assistants with outside lawyers to lead this Google antitrust effort.

  • Other former students of Paxton who are working on the case.

  • Former State Solicitor General Kyle Hawkins – who fought to overturn the Affordable Care Act and gained notoriety for failing to sign Paxton’s lawsuit last year asking the Supreme Court to undo the victory of President-elect Biden – also worked briefly on the case.

What they say : Toth says what happened on Zillow was the “scanning of a cartel”.

“We’ve cut our teeth on Google and are reveling in Zillow’s decision to make collusion a business model. The days of Big Tech’s brazen damage to consumers are numbered.”

Toth tells Axios

The other side: Zillow officials said REX’s claims were “baseless” and the company would continue to “empower real estate consumers.”

  • “We are actively advocating for up-to-date industry rules that encourage transparency and enable a seamless search experience that displays all types of listing information,” Zillow spokesperson, Viet told Axios. Shelton, calling the rules that led to the separate tabs “obsolete.”

“REX chooses voluntarily to use Zillow’s services to advertise their properties for sale on Zillow for free, ”Shelton said. “We encourage REX to join Zillow in advocating for changes in industry rules that would allow their ads for sale displayed on Zillow to appear as they were. Last year.”

And after: Last month, a Seattle federal judge dismissed Zillow’s motion to dismiss REX’s antitrust and false advertising claims, allowing the case to continue.

More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free

]]>
https://gatongchenghui.com/austin-real-estate-tech-firm-targets-zillow/feed/ 0
Capitol Arts Center Presents Old Photos of Bowling Green | New https://gatongchenghui.com/capitol-arts-center-presents-old-photos-of-bowling-green-new/ https://gatongchenghui.com/capitol-arts-center-presents-old-photos-of-bowling-green-new/#respond Mon, 11 Oct 2021 05:15:00 +0000 https://gatongchenghui.com/capitol-arts-center-presents-old-photos-of-bowling-green-new/

Unseen decades-old photos of Bowling Green will be shown on the big screen at the Capitol Arts Center throughout October.

The slideshow of nearly 3,500 photos from the Earl Rabold Collection shows what life was like in the area and downtown Bowling Green in the early 1900s.

The presentation is part of the Capitol Arts Center’s 100th anniversary celebration of its debut as a cinema.

Ginger Knight, major events manager for the Warren County Public Library, said downtown owner Bobby Rabold approached them with the photos.

“I think it’s really cool to see parts of the city that always look the same,” Knight said. “I hope people will see their grandmother there. I think it’s exciting for people to see what we were doing 100 years ago and who the people who came before us were.

About 15 years ago, Bobby Rabold found the thousands of negatives while he was cleaning the Princess Building in the plaza. The photos were taken in the early 1900s by his late grandfather Earl David Rabold.

The negatives have since been digitized and put on a DVD. The presentation will be offered free of charge to the public during the Downtown Harvest Festival on October 16 from 10 a.m. to 11 a.m. and from 12:30 p.m. to 1 p.m.

Knight said she also hopes the slideshow will be available to the public at least one day a week in October, but that will depend on how the theater is upkeep at this time.

Where possible, the presentation will be available from 10 a.m. to 4 p.m. on certain days of the week.

Several photos from the Rabold Collection are on display in the lobby of the Capitol Arts Center, in the main hallway of the Princess Building, and in the Sunday Reader section of the Daily News.

“I’m just trying to share the collection with the community,” said Bobby Rabold. “I take great pleasure in browsing these photographs. It helped me connect with my grandfather. You could just see the smile on his face in the photos. I saw it in a different light, and it touched me a lot.

He added that he was very happy to see the photographs displayed on the big screen and that many older people in the community should find pleasure in the showcase.

For more information on when to present at the Capitol Arts Center during this month, contact Knight by calling 270-904-6040 or emailing him at gingerk@warrenpl.org.

– Follow reporter John Reecer on Twitter @JReecerBGDN or visit bgdailynews.com.

Source link

]]>
https://gatongchenghui.com/capitol-arts-center-presents-old-photos-of-bowling-green-new/feed/ 0
The Nobel Prize for Dark Literature https://gatongchenghui.com/the-nobel-prize-for-dark-literature/ https://gatongchenghui.com/the-nobel-prize-for-dark-literature/#respond Sun, 10 Oct 2021 21:43:00 +0000 https://gatongchenghui.com/the-nobel-prize-for-dark-literature/ Another year in which the Nobel Prize for Literature has been awarded to a writer whom I have never read – and I am beginning to despair. Does the Swedish Nobel Committee want to present me as a Philistine? I ask myself this question even as I declare that I am a hungry reader and have what you might call an elite education. It is therefore not a detachment from business, from beautiful novels (even difficult ones) and from poetry, which distresses me.

At least this year’s winner, Abdulrazak Gurnah, an Anglo-Tanzanian novelist from Zanzibar, has been on my reading list for years. I have given priority to other probably better African novelists, some of whom, like Ngugi wa Thiongo, who have yet to find favor with the Swedes. At least I had heard of Mr. Gurnah, unlike last year, when Louise Glück, a very low-key American poet, was forced upon an unsuspecting world as an enlightened laureate. Even in his own country one could hear cries of dismay. (My biggest gain from the episode was to stumble upon the German word Glückschmerz, which means sadness – or, in my case, outrage – at someone else’s success.)

But I’m still worried about my lack of reading: of the 20 literary laureates awarded this century before Mr. Gurnah, I had only read eight (and heard aloud the words of one, Bob Dylan) at the time of award ceremony. I just hadn’t heard of – or, in other words, totally ignored – 10 of the 21. I had heard of two – Frenchman Patrick Modiano and Austrian Peter Handke – but I had not read them.

Part of the problem is the insularity of English-speaking (especially American) publishers, who tend to resist publishing foreign fiction in translation. Only 3% of the literature published in America comes from outside the English-speaking world. Yet bed-xenophobia is not the only culprit. There is, after all, a torrent of writing in English, not all the while pushing young people who see themselves as failures if they haven’t sold a novel by 25. (A cry here at Archipelago Books, a 15-year-old Brooklyn-based publishing house specializing in translations of foreign fiction, which has printed “nearly 200 books in over 35 different languages.”)

The problem has another source: the Swedish high priests who judge world literature. This Nordic cabal seems to take particular, if not indecent, pleasure in selecting particularly obscure candidates to be awarded. Tomas Tranströmer, do you like it? He was the seventh Swede to win the award since its inception in 1901, two more than Russia, which, even taking into account the ravages of communism on the mind, is a travesty.

This fetish of obscurity is not something judges can indulge in with science awards, which call for some empirical consensus. But with literature, judges have their hands in the cookie jar. Like wild children, they thumb their noses at the lingua franca world, instead giving us gloomy Poles and Romanians few have read even in their own country.

At the end of the day, it’s the judges’ money. They can spend it as they see fit. They are isolated from the market. Laughing at their choices doesn’t seem to work. The civilized and stoic reader will allow himself a quiet chuckle, then go online and order a book by the latest winner. Its not always easy. I had trouble finding Mr. Gurnah’s books for sale. They were so rare that the vendors tagged them with enthusiasm.

Now this is the market for you.

Journal contributor Mr. Varadarajan is a fellow of the American Enterprise Institute and the Classical Liberal Institute, New York University School of Law.

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Source link

]]>
https://gatongchenghui.com/the-nobel-prize-for-dark-literature/feed/ 0
Real estate transfers: October 10, 2021 | Recordings https://gatongchenghui.com/real-estate-transfers-october-10-2021-recordings/ https://gatongchenghui.com/real-estate-transfers-october-10-2021-recordings/#respond Sun, 10 Oct 2021 05:15:00 +0000 https://gatongchenghui.com/real-estate-transfers-october-10-2021-recordings/

The following real estate transfers were recorded between August 9 and 13:

1951 Airport Road, James and Barbara To Kathy Taylor-Groshans and Jack Groshans, $ 250,000

2720 ​​W. Fifth St., Sheena and Harry Lutz Jr. at First Quality Rentals LLC, $ 21,250

3817 Fairview Drive, Professional Properties and Construction LLC to Noelle Properties LLC, $ 270,000

3811 Fairview Drive, Professional Properties and Construction LLC to Apollonia Properties LLC, $ 270,000

2231 Amethyst Court, Robin Alford and others to Robert and Connie Zimmerman, $ 200,000

2411 Ford Ave., Cynthia Sturgeon to Patricia Van Meter and Leslie Van Meter II, $ 349,900

2236 Boarman Drive, Chris and Kathy Payne to Glenn and Jennifer Payne, $ 84,000

6859 Todd Bridge Road, Charles and Cathy McCarthy to Patrick and Samantha Camus, $ 160,000

1611 Cary Court, Paul Martin Builders Inc. to Charles and Karen Hobelmann, $ 330,000

1057 Yelvington Grandview Road, Jason and Shelly Gerteisen to Maria and Miguel Zarate, $ 36,000

4058 Little Bluestem Drive, Deer Valley Subdivision LLC to Jagoe Homes Inc., $ 37,250

4058 Little Bluestem Drive, Jagoe Homes Inc. at Paul Landen, $ 232,335

327 Griffith Ave., Lynn and Martha Gary to Karen Dueker, $ 253,000

1408 Leitchfield Road, L&S Construction and Concrete LLC in Trinidad Gonzalez and Paula Lopez, $ 15,000

2630 S. Griffith Ave., Jane Payne to J. Kevin and Joy Whear, $ 214,000

1220 W. Third St., Jeffery and Melody Rafferty to Jim Barr Enterprises LLC, $ 69,900

16 Quail Ridge Court Apt. D, Linda McGinnis to Haleigh Stringer, $ 160,000

5639 Jack Hinton Road, David Crisp and Sherry Aull to Logan and Gabrielle Johnson, $ 290,000

3944 Brookfield Drive, Deer Valley Subdivision LLC to Jagoe Homes Inc., $ 36,750

3944 Brookfield Drive, Jagoe Homes Inc. to Nicholas and Natasha Conkright, $ 324,345

703 Devonshire Drive, Harold and Janet Jewell to David Franey, $ 216,000

5010 Wildcat Way, Malik Properties LLC to Velocity Property Group LLC, $ 638,500

5418 Park Haven Bend, Leesa Briles to Bradley and Sarah Hagan, $ 285,000

1920 Oak Ave., Morgan Merritt to Mark McCrystal, $ 150,000

2698 Landing Terrace, Mallorie Stroup to Joyce Crawford, $ 195,000

606 Bolivar St., Mohammad Malik to Aja Herbert, $ 129,900

Farm property on N. Chestnut Grove Road, Audubon Loans I LLC in Jasen and Carrie Chanley, $ 98,000

5504 Mulberry Place, Nicole and Jonathan Biller to Megan Maddox and Paul Maddox III, $ 312,000

3006 Sterling Court, Margie Ruby to Harold and Janet Jewell, $ 134,000

3236 Millstone Circle, Estate of Shirley Saunders and others to Logan Lanham, $ 130,000

4240 McIntire Crossing, James and Rina Fleming to Thomas Payne, $ 131,495

2944 McAlister Place, Marilyn Cline and Edwin Ramsay at Robinson Homes LLC, $ 110,000

5561 Skyline Drive, Daniel and Kristy Knelson to Ryan and Ashley Emery, $ 255,000

5166, chemin Jack Hinton, from Robert Bryant to Kathleen and Mark Tong, $ 185,000

5335 Essex Drive, Judith C. Wink Family Irrevocable Trust to Larry and Mary Dunn, $ 170,000

7238 Donald Ave., BEK Farms Inc. to William and Cassie McDaniel, $ 132,500

2655 Cherry Blossom Court, Jagoe Homes Inc. to Charles Young II, $ 219,510

7831 Old Kentucky 54, Joshua and Taylor Belcher to Joshua Jones, $ 145,000

Agricultural properties on Schafer Camp Road, Gregory Lovett to Michael and Donna Keeney, $ 300,000 for two plots

Farm property on Schafer Camp Road, Marie Lovett to Michael and Donna Keeney, $ 700,000 for two plots in Daviess County and two plots in Hancock County

985 Schafer Camp Road, Marie Lovett to Michael and Donna Keeney, $ 700,000 for two plots in Daviess County and two plots in Hancock County

1752 Celebration Circle, Jagoe Homes Inc. to Brian and Hannah Niles, $ 485,000

2627 Veach Road, from Martin Laney to Ryan and Stacy Crisp, $ 80,000

4841 Timber Ridge Drive, George and Dana Greco to John and Nicholas Tharp, $ 420,000

841 E. Byers Ave., Devon and Demi Wooldridge to Statts Phillips 3 LLC, $ 155,000

.092 acres added to 4348 Harbor Hills Trace, Sara McNulty to Daniel and Anna Bowlds, $ 2,295

.092 acres added to 4372 Harbor Hills Trace, Sara McNulty to Mary and Brian Larkin, $ 2,295

.092 acres added to 4360 Harbor Hills Trace, Sara McNulty to Dylan and Melissa Miller, $ 2,295

0.138 acres added to 4384 Harbor Hills Trace, Sara McNulty to Guy and Sherry Durham, $ 3,448

3221 Christie Place, Jenny Doolin Jones Revocable Trust to Tyler Fielden and Jenny Doolin Jones Revocable Trust, $ 100,000

2145 Carpenter Drive, Scott and Cynthia McCain et al at Coppage Rentals LLC, $ 130,000 per lot

2149 Carpenter Drive, Scott and Cynthia McCain et al at Coppage Rentals LLC, $ 130,000 per lot

3823 Fairview Drive, Professional Properties and Construction LLC to Wedding Holdings LLC, $ 450,000

4669 Forest Drive, Thompson Homes Inc. to Sean and Tisha Higgs, $ 424,743

10676 Owensboro Reed Road, Anna and William Middleton to Cherri and Frank Barnett, $ 14,500

2215 Kentucky 144, Margaret Love to Jason Roberts, $ 112,500

2521 W. Seventh St., P&R Properties Plus LLC to Ty and Connie Dodson, $ 2,000

600 Crabtree Ave., Leslie and Judy Christianson to Colburn Properties LLC, $ 40,000

731 Crabtree Ave., Leslie and Judy Christianson to Colburn Properties LLC, $ 15,000 for two plots

733 Crabtree Ave., Leslie and Judy Christianson to Colburn Properties LLC, $ 15,000 for two plots

1320 Bosley Road, Leslie and Judy Christianson at Colburn Properties LLC, $ 30,000

1732 W. First St., Leslie and Judy Christianson at Colburn Properties LLC, $ 25,000

1817 W. Sixth St., Leslie and Judy Christianson at Colburn Properties LLC, $ 80,000

7186 Kentucky 231, Leslie and Judy Christianson to Colburn Properties LLC, $ 40,000

1620 Frederica St., James and Carolyn Kassinger at Audubon Area Community Care Clinic Inc., $ 679,000

11600 Coleman Road, from Glenn Yeiser to Paul and Beverly Nation, $ 190,000

5216 Trifecta Place, Thompson Homes Inc. at Brookelyn Hattabaugh, $ 183,469

2420 Tamarack Road, Rebecca and Edward Crabtree to Christopher Jean, $ 130,000

4512 Woodlake Run, Jonathan and Sarah Brown at Mallorie Stroup, $ 283,000

7706 Stevens School Road, Willis and Wenda Howard to Heather Hickey and Steven Hickey, $ 170,000

1636 Navajo Drive, Patrick and Dustie Hayden to Phillip and Melinda Voegel, $ 204,600

3018 Yosemite Drive, Angela L. Thompson, Senior Commissioner of Fulcrum Holdings LLC, $ 84,000

4630 Mill Spring Circle, Ray and Jenny Jones to Ray and Jenny Jones and MSL Investments LLC, $ 57,500 for half the interest

4983 Jessica Lane, JR Acquisitions LLC to Thomas and Lynda Tabor, $ 75,000

7871 Kentucky 81, Loyd Bartlett to Virgie Grant, $ 40,000

325 Wildwood Drive, Frankie Scott Hager Revocable Trust to Lee and Stacy Miller, $ 240,000

6566 Harmony Drive, William Howard to Jerry and Virginia Bailey, $ 30,572

821 Walnut Park Drive, Carrie Jewell and Jacob Ward to Bradley Davis, $ 180,000

11929 Kentucky 764, John and Marlene Faulkner to Ronald and Jacqueline Ward, $ 60,000

2212 Village Run, David Crofton to Joy and Connie Haycraft, $ 130,000

2824 Cravens Ave., estate of Louis Lamb to Maria Ramirez De Segovia and Salvador Ramirez, $ 125,000

2561 Woodland Drive, Kindra and Chase Cartwright to Caleb Millay and Morgan Bazemore, $ 259,900

4920 Frederica St., Owensboro Frederica Street LLC to TSM Holdings Out Lot 1 LLC, $ 890,000

2450 Spencer Drive, Timo and Sirpa Karvonen to Joshua and Jessica Ogilby, $ 188,000

2155 Sheffield Court, Lee and Stacy Miller to Stacey Fazenbaker and Jennings Fazenbaker II, $ 410,000

2518 Windsor Ave., REAL Investments LLC to Country Roads Residential LLC, $ 178,000

1202 Haynes Ave., Carolyn and Jerry Elliott to David and Cynthia Sublett, $ 4,000

122 E. 18th St., Carl and Brenda Millay at Carrico Real Estate LLC, $ 314,000

718 Cottage Drive, Allison Schepers and Dakota Montgomery to Zachary Johnson and Katherine Pickens, $ 175,000

2521 E. 10th St., Edwin and Marilyn Ramsay to James and Dorathy Schneider, $ 126,000

]]>
https://gatongchenghui.com/real-estate-transfers-october-10-2021-recordings/feed/ 0
What you need to know about consumer protection with “Buy now, pay later” https://gatongchenghui.com/what-you-need-to-know-about-consumer-protection-with-buy-now-pay-later/ https://gatongchenghui.com/what-you-need-to-know-about-consumer-protection-with-buy-now-pay-later/#respond Sat, 09 Oct 2021 23:37:21 +0000 https://gatongchenghui.com/what-you-need-to-know-about-consumer-protection-with-buy-now-pay-later/

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.

Have you ever bought a winter coat online only to find it looks nothing like the pictures you saw on the website when it arrived? While you will need to file a complaint with the merchant and possibly the credit card company before you get a refund, returning an item and getting a refund is usually straightforward when you buy it with a credit card.

But what happens when you buy the sweater using a “buy now, pay later” (BNPL) loan?

Will you have to continue making installment payments on the item even after you return it? Which company do you contact to resolve the issue: the BNPL provider, the merchant, or the issuer of the credit or debit card you used to fund the BNPL loan?

BNPL, also known as a point-of-sale loan, is an installment loan that allows consumers to split the cost of their purchase over time. BNPL options are available almost anywhere you shop, with a number of major retailers like Walmart, Amazon, Target, and Sephora using them. A recent Karma credit study found that 44% of respondents had used a BNPL product at least once.

Yet, as consumers flock to this new way of financing, they need to be careful with them.

“BNPL loans are still new and government regulations have not completely caught up. This means that short-term financing options generally offer less protections for consumers, ”says Leslie Tayne, Founder and Managing Director of Tayne Law Group.

In fact, the Consumer Financial Protection Bureau recently cautioned consumers against the tendency to overspend when using BNPL services, the negative impact they could have on credit scores, their late fees and the lack of consumer protection.

Below, Select takes a look at the consumer protections offered by credit cards, debit cards, and some of BNPL’s top providers to help you choose the one that’s right for you.

Consumer protection for credit cards, debit cards and BNPL loans

Consumers are offered a number of credit card protections through the Fair Credit Billing Act. There are two types of complaints that consumers can file with their credit card issuer: A billing error or a problem with the quality of a good or service. A billing error can be an authorized debit, an incorrect debit or a mathematical error. If you have a “billing error,” the FCBA requires credit card issuers to investigate if a consumer files a complaint within 60 days of receiving their account statement.

If the FCBA does not apply to the quality problems of a good, the consumer can nevertheless file a complaint with its issuer. Since this type of complaint is subject to state law, consumers are more likely to resolve their issue or be reimbursed if they meet certain conditions. conditions like purchasing the item in their country of origin.

The FCBA only applies to “open” credit accounts, such as credit cards or retail cards with revolving accounts, so these rules do not apply to debit cards or installment loans, such as BNPL loans.

It should also be noted that some credit cards, like The American Express Platinum Card®, have benefits that include return and purchase protection, which can help you get your money back after a retailer’s return policy expires, or if your purchase has been lost, stolen, or damaged.

However, people who use debit cards also have protections when it comes to accusations of fraud through the Electronic Funds Transfer Act. Like credit cards, these protections do not apply to product quality issues. If consumers have any issues with the quality of a good or service they purchased with a debit card, they will need to resolve the issue with the merchant before contacting their debit card issuer, including some have their own zero liability policy.

BNPL loans, on the other hand, are not subject to the regulation of credit or debit card issuers. While countries like Great Britain are putting in place regulations on the BNPL industry that would allow consumers to file a complaint with a national agency, there are no special regulations for BNPL providers in the United States. . Some of the major BNPL providers, such as To affirm, Klarna and After payment have their own dispute resolution policies in place.

“If you purchase a defective item with a BNPL loan, you are subject to the policies of the merchant and the BNPL lender, which can make it difficult to navigate the return process,” says Tayne. “In some cases, you may need to continue paying for an item until the merchant notifies the lender that you have returned it successfully.”

For example, Affirm has a dispute resolution process that works similarly to a credit card dispute resolution process: consumers have 60 days to open a dispute with Affirm. Once the consumer and the trader have submitted information to support their claims, Affirm will then rule in favor of the trader or the consumer.

Consumers should also check whether they are required to make payments on returned items. Klarna, Affirm, and Afterpay all offer consumers the option of delaying payments. Klarna will allow you to withhold payments if you report a problem with your order while Affirm will not require continuous payments on a purchase if you open a dispute with them within 60 days of the transaction. Afterpay allows customers to extend the original payment due date by two weeks while the return is being processed.

Additionally, depending on how you fund your purchase through BNPL, you may need to contact the merchant, BNPL provider, and debit or credit card issuer to resolve issues. (Although some providers, like Affirm, just allow you to link your checking account for payments.)

Because Afterpay only allows consumers to pay with a credit or debit card, consumers are subject to the same protections as if they had used their payment cards directly at the retailer, says Amanda Pires, vice-president. president of communications at Afterpay.

This means that if you purchase an item with Afterpay and make payments with a debit card, you are subject to the protections offered by your debit card issuer. According to Pires, 90% of Afterpay transactions are funded by debit cards.

For consumers, knowing which companies to contact to return an item or report a defective item they purchased with a BNPL loan can be confusing.

Tayne suggests consumers contact the retailer to understand the return policy, research BNPL’s return policy, and as a last resort, contact the card issuer if they need further assistance.

“If a retailer does not accept the return or if the BNPL service is not cooperating, consider contacting the credit card company. The credit card companies will often ask you if you have tried to resolve the issue. with the seller, then do your best and dispute a transaction as the last option, ”says Tayne.

At the end of the line

Understanding your consumer protection rights as a credit, debit, or BNPL user can be complicated and confusing. Before returning an item that you believe is faulty, you should inquire about the return policies of the merchant, credit or debit card issuer or / and BNPL supplier. Most BNPL issuers and providers have dispute resolution procedures, but your first action should be to try and resolve the issue with the merchant.

If you don’t want the hassle of potentially having to contact three different companies to return a defective item, you should consider getting a credit card with a introductory period 0% APR on new purchases. Similar to some BNPL products, these cards offer a way to fund interest-free purchases, in addition to giving you the consumer protections of a credit card and maybe even earning rewards.

Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.

Source link

]]>
https://gatongchenghui.com/what-you-need-to-know-about-consumer-protection-with-buy-now-pay-later/feed/ 0
Coral Glades Boys and Girls Bowling combined for 12 wins • Coral Springs Talk https://gatongchenghui.com/coral-glades-boys-and-girls-bowling-combined-for-12-wins-coral-springs-talk/ https://gatongchenghui.com/coral-glades-boys-and-girls-bowling-combined-for-12-wins-coral-springs-talk/#respond Sat, 09 Oct 2021 22:55:50 +0000 https://gatongchenghui.com/coral-glades-boys-and-girls-bowling-combined-for-12-wins-coral-springs-talk/
Boys and Girls Coral Glades Bowling Combined for 12 Wins

Kristin Garcia, Hailey Stein, Sydney Littman, Angelina Rizzuto and Kaiden Littman of Coral Glades bowling alley. {Athletics}

By: Matt Rothman

It has been another exciting season for the Coral Glades boys and girls bowling team. The two teams combined for 12 wins this year and were highlighted by the fantastic play of several students.

In the lead for the boys, Lane Brainard, who knocked down 1,830 pins, ten more than his teammate Sebastian Gallo. Jordan Fay also eclipsed the thousand with 1,323.

Carlos Martinez has a high score of 213 this season in seven rounds, while Jordan Fay and Sal Campo have combined for 1988 pins this year.

On the girls’ side, Kaiden Littman leads the team with 1013 pins. Also, Hailey Stein, daughter of the late Jason Stein, sports director of JP Taravella and wife Michele, deputy director of Coral Glades. She’s had a sensational season, knocking down the team’s second-highest bowling average, averaging 73 to 12 rounds.

“I have a good group of athletes,” said head coach Kristen Garcia. “They go out and do their best and have fun.”

The Jaguars have four other daughters who have bowled this year. Sydney Littman’s best score was 87. Casie Zakanijan recorded an 84, while Angelina Rizzuto and Blake Sands competed six times.

Magic touch
Boys and Girls Coral Glades Bowling Combined for 12 Wins

Kristin Garcia, Hailey Stein, Sydney Littman, Angelina Rizzuto and Kaiden Littman of Coral Glades bowling alley. {Athletics}

Send your news to Coral Springs, the # 1 award-winning news site here.

Source link

]]> https://gatongchenghui.com/coral-glades-boys-and-girls-bowling-combined-for-12-wins-coral-springs-talk/feed/ 0 ‘Pathetic’: Joe Wicks played a prank in the middle of the night before the Cheltenham Literature Festival https://gatongchenghui.com/pathetic-joe-wicks-played-a-prank-in-the-middle-of-the-night-before-the-cheltenham-literature-festival/ https://gatongchenghui.com/pathetic-joe-wicks-played-a-prank-in-the-middle-of-the-night-before-the-cheltenham-literature-festival/#respond Sat, 09 Oct 2021 11:48:31 +0000 https://gatongchenghui.com/pathetic-joe-wicks-played-a-prank-in-the-middle-of-the-night-before-the-cheltenham-literature-festival/

Celebrity fitness trainer Joe Wicks called a Gloucestershire prankster “pathetic” for waking him up in the middle of the night.

The social media star posted on his Instagram story to say he was awakened just before midnight after his Cheltenham hotel room phone repeatedly rang.

The TV star is in Gloucester as part of a UK tour promoting his new book, The Burpee Bears, and speaking at the Cheltenham Literature Festival on Saturday 9 October.

The coach posted online: “Yes. Who’s the wild card? Two words: Sew up. Yeah. The room phone rings – rings, rings and rings. I’m like ‘that rings twelve to twelve.'[am]’.

“Knock on the door, ‘Mr. Wicks, your brother is here. He’s downstairs, he wants to come and he wants to talk to you. ‘

“So I’m like ‘this is kinda weird because [sic] my two brothers are definitely not in Cheltenham. I thought, ‘maybe they didn’t …’

“That’ll teach me, won’t it – to put a big picture of my hotel room on my Instagram Stories and all that when I go to bed at eight o’clock. [I’m] a little plonker … But I’m not a plonker. “

Prior to the nighttime prank, The Body Coach had posted photos and videos of him arriving in Cheltenham.

On his Instagram Story, Joe asked for restaurant recommendations, shared photos of himself having dinner at Hotel No 131, and announced he was going to bed at 8 p.m.

In other posts, Joe seemed to find the fun side of the prank.

“Good joke, though,” he said.

“I almost went downstairs and had a gin and tonic with you. I went to the geezer [hotel staff] who knocked … on my door.

Joe Wicks is promoting his new book at the Cheltenham Literature Festival today. Credit: PENNSYLVANIA.

“He goes, ‘Mr. Wicks.’ I went, “who is he? Is he drunk? ”I said, ‘has he eaten some sherbet?’

“He said ‘no, he looked good.’ I said, ‘Well, listen. He’s smart, isn’t he? He planned it. He’s plotting. They are vicious. “”

“Don’t mind… Oh no, it’s like water on a duck’s back so I’m just going to go back to sleep, so yeah. It’ll be fine, I mean, I don’t mind.

“He knew what he was doing. He had planned it, you see? He waited until midnight, until I was half asleep, completely asleep if anything. Too sleepy really.

The popular athlete has since posted videos of him arriving at the Cheltenham Literature Festival auditorium.

On social media, he said: “Here we are. Look at the size of that!

“So this is [where] we read ‘The Burpee Bears’. He holds 1500 [people], I doubt it’s a full house, but we’ll have a good laugh.

“I’ll have them do some spot shopping, some star jumps and I’ll read the book here for all the kids and families that show up. So, I can’t wait to see you soon, it starts at 10 h! “

Joe is one of several famous people speaking at the festival, including actors Ben Miller and Dawn French, TV personality Clare Balding as well as columnist Giles Coren.


Today’s Best Stories in the West Country

Source link

]]>
https://gatongchenghui.com/pathetic-joe-wicks-played-a-prank-in-the-middle-of-the-night-before-the-cheltenham-literature-festival/feed/ 0
Featured Commercial Real Estate: Front Porch on Auburn Avenue Seeks Local and Regional Restaurant Groups https://gatongchenghui.com/featured-commercial-real-estate-front-porch-on-auburn-avenue-seeks-local-and-regional-restaurant-groups/ https://gatongchenghui.com/featured-commercial-real-estate-front-porch-on-auburn-avenue-seeks-local-and-regional-restaurant-groups/#respond Fri, 08 Oct 2021 22:47:12 +0000 https://gatongchenghui.com/featured-commercial-real-estate-front-porch-on-auburn-avenue-seeks-local-and-regional-restaurant-groups/

The entrance porch on Auburn Avenue is Atlanta’s newest mixed-use development, offering approximately 30,000 square feet of retail space within walking distance of the Beltline’s Eastside Trail, bustling Edgewood Avenue and Georgia State University .

Sign up now to receive our daily news alerts

Unsubscribe at any time

Located near Martin Luther King Jr. National Historic Park and along Atlanta’s streetcar route on Auburn Avenue, The Front Porch will serve as a gathering place for the diverse neighborhood to enjoy shopping, dining and living. relaxed downtown.

“Sweet Auburn has a daytime population of over 500,000 people who live, work and play within a 5 mile radius,” said Sam Krueger, retail leasing manager at the Franklin Street Atlanta office. “The Front Porch will serve this eclectic neighborhood as it continues to revitalize itself and become one of Atlanta’s most promising trade corridors.

In addition to the retail and dining space available, the Front Porch will offer a mix of housing units for rent and for sale, including urban gardens and artistic and cultural design elements throughout it. development. Krueger is looking for local Atlanta restaurant groups and regional restaurant groups. Additional tenants could include sit-down restaurants, take-out places to eat, boutique fitness centers, ice cream / dessert concepts, or a unique underground bar concept. Already, there is engaged interest from a fitness group and a local full-service restaurant.

Located in the historic Martin Luther King Jr. neighborhood, the developer, Historic District Development Corporation, was intentional in their plans and commitment to maintaining the historic significance and character of the neighborhood. Many have called the Front Porch “Atlanta’s first equitable development project”.

For more information on The Front Porch, contact Sam Krueger of Franklin Street at 404.649.6268 or click here.

Render: Official
Render: Official
Render: Official
Render: Official
Render: Official
Render: Official

]]>
https://gatongchenghui.com/featured-commercial-real-estate-front-porch-on-auburn-avenue-seeks-local-and-regional-restaurant-groups/feed/ 0
Focus on consumer credit: Stakeholders say consumer credit financing can boost sales tenfold https://gatongchenghui.com/focus-on-consumer-credit-stakeholders-say-consumer-credit-financing-can-boost-sales-tenfold/ https://gatongchenghui.com/focus-on-consumer-credit-stakeholders-say-consumer-credit-financing-can-boost-sales-tenfold/#respond Fri, 08 Oct 2021 19:18:35 +0000 https://gatongchenghui.com/focus-on-consumer-credit-stakeholders-say-consumer-credit-financing-can-boost-sales-tenfold/

By Jennifer Bardoner

The ‘buy now, pay later’ model has been shown to boost ticket sales, but the flooring industry has been slow to adopt financing programs that allow customers to share their purchasing costs. in manageable monthly payments. Retailers without consumer finance could leave thousands of dollars on the table with every purchase, according to those who use these systems – and that was before home improvement spending jumped nearly 3%, to 420. billion dollars, in 2020, according to Harvard University Joint Researchers at the Center for Housing Studies, who also note that another 4% growth is forecast for 2021.

BUILD SALES AND LOYALTY
“When it comes to home improvement, offering financing options can take consumers away from a ‘What can I afford? To “What do I want?” ”Said Jason Farmer, vice president of advertising, branding and payment solutions for Synchrony, which partners with retailers across the country to provide financing options to consumers. “In a recent survey, Synchrony found that 75% of home improvement dealers said that offering financing options increased their average sales tickets. And 65% said the average sale increased by around 10% to 30%.

Many, like retailers who are members of CCA’s buying groups, use revolving credit programs in the form of a branded credit card, offering an unsecured line of credit that can be used over and over again for purchases. , thus building store loyalty and long-term sales. . An article from national debt service provider Americor reports that over 60% of consumers shop more often from retailers with which they have a credit card in store, and they are also more receptive to communications about events and promotions. this retailer. And a 2019 article from global e-commerce provider Scalefast quantifies it as roughly four additional store visits per year per cardholder.

Whether short term or long term, branded credit cards are big business. Private label credit card payments, which account for a growing percentage of all credit card payments, according to the Federal Reserve, have grown 12.7% per year in number and 11% per year in value since 2015 The 2019 Federal Reserve Payments Study put a value of $ 340 billion in 2018, the latest data available.

“Our average ticket for funded purchases is up to three times the average purchase by credit card,” says Keith Spano, president of CCA Flooring America, Flooring Canada, International Design Guild and The Floor Trader. “It’s not uncommon for consumers to take advantage of consumer finance to not only buy better products, but also to add a coin or two to their initial purchase.

Spano says 85% of CCA member retailers take advantage of Synchrony’s fundraising program on a monthly basis and that customers have come to trust it. “Consumer finance has been an integral part of the sales process for CCA members for as long as I can remember, but the pandemic has certainly increased the use of consumer finance by our members, as our consumer is. waiting there, ”he said. Farmer points to the Synchrony study which found that 40% of flooring customers surveyed are still looking for financing options for large purchases, and that about a third of Synchrony cardholders would forgo a purchase if the financing didn’t. was not available.

CONSUMER CREDIT STRATEGIES
The ability to pay the purchase price instead of being indebted for the amount in your bank account when you decide to buy often comes with high interest rates for the consumer, and retailers don’t get it either. the luxury of this option for free. While major brand partners like Shaw often reduce costs for retailers, whose combined volume can earn them competitive prices upfront, it should be noted that “competitive” can be a nuanced term.

“As a manufacturer, we partner with a supplier to consolidate the volume of consumer finance for a large group of our customers, to provide our customers with access to a lower cost financing solution,” says Alan Hundley , vice president of corporate finance. for Shaw Industries. “The more volume we can add to the program, the more affordable it becomes for everyone. We have occasional promotional rates using our own funds [to supplement the cost]. “Hundley adds that Shaw’s brand-specific discounted rates as well as global purchases, as the cards can generally be used on any merchandise at a participating retailer,” have helped us promote acceptance and use of the program “.

The growing pool of financial partners has led to increased competitiveness overall, Hundley notes. “We noticed that flooring retailers really didn’t use this as other retailers, such as mattresses and furniture, were using it, and we thought cost was one of the reasons He said of Shaw’s decision to switch from Synchrony to Wells Fargo for its funding program starting in 2019. “There was only one major supplier in the industry at the time, and we didn’t really did not feel that this gave the industry enough competitiveness in terms of rates. So we introduced another competitor into the mix.

Dal-Tile’s sales manager Tony Wright also cites affordability as a potential barrier to using the program, but on the consumer side, which has led Dal-Tile to launch a new funding program through Service. Finance early in the year, increasing Dal-Tile’s (and parent company Mohawk’s) existing revolving credit option through Synchrony.

Inspired by installment loans, often used to buy a car, the new program offers a fairly low fixed interest rate (6.99% to 9.99%, depending on the program or loan product used) and a window of longer repayment. Common consumer revolving credit promotions like six- or 12-month deferred interest can still be unrealistic for many buyers, he says, and the cost to the retailer “increases dramatically” when revolving credit terms are reduced. stretched to make it affordable for the consumer.

“With revolving credit, what you typically see offered in the flooring industry is 12-month deferred interest,” says Wright. “But think about it, $ 10,000 divided by 12 months is $ 833 a month. Most homeowners don’t have this in their budget. By giving buyers up to ten years to pay off the cost, which can go up to $ 15,000 for tile – “the most expensive flooring option sold by retailers,” according to Wright, customers of Wright may be even more likely to spend more this time alone. purchase which, unlike a car loan, is not guaranteed, making it easier for buyers to qualify for financing.
Wright says customers often arrive on a budget that’s set too low for what they want, and end up cutting items or switching to low-end products in order to keep that budget.

“When given an affordable payment option, whether it’s revolving credit or long-term financing, customers are more likely to go ahead without compromising on that. they want, ”he says. “For some clients, a 12-month deferred interest plan is the right answer, and for others, it may be a 60-month equal payment plan. Being able to offer consumers affordable payment options that fit their particular budget is a key factor in closing the sale. “

In Dal-Tile’s new program pilot, ticket sales were up to ten times higher, although he expects the long-term effect to be on average three times higher than unfunded purchases. Currently limited to the brand’s approximately 300 Statements Elite partners, but not Dal-Tile products, the program offers another tool to qualified retailers when combined with the company’s established revolving credit financing through Synchrony, potentially allowing a client to start with an installment loan. then transfer their balance to their Synchrony account. Synchrony’s promotional terms – with deferred payment / interest, equal payment / interest-free, and fixed / interest-free payment – can range from six to 60 months, says Farmer.

“It is proven in a great many studies that, given a longer payment period, consumers spend a lot more money,” said Wright.

To some extent, however, it will still depend on the seller and their pitch. Synchrony and Wells Fargo both offer onboard training and ongoing resources.

“We are partnering with the vendor to help with marketing materials, advertising, training and technology to make the program a part of our customers’ sales process,” Hundley said. “I have been heavily involved in all of our retail customer incentive programs over the past five or six years and, from my perspective, this program is by far one of the best tools we offer to. our customers to grow their business and improve their profits. . “

Copyright 2021 Floor Focus

Source link

]]>
https://gatongchenghui.com/focus-on-consumer-credit-stakeholders-say-consumer-credit-financing-can-boost-sales-tenfold/feed/ 0