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As gig economy grows, lenders reluctant to relax income rules

Most U.S. mortgage lenders are not ready to relax income rules even as more Americans become part of the so-called gig economy, and banks are excluding income from this work on loan applications, a survey released on Wednesday showed......»»

Category: topSource: moneycentralMay 16th, 2018

Trump administration hands payday lenders a major victory

The Consumer Financial Protection Bureau proposed significantly weakening Obama-era rules governing the lenders, boosting the fortunes of an industry accused of keeping low-income borrowers trapped in a cycle of debt......»»

Category: topSource: washpostFeb 6th, 2019

Time is running out to fix this IRA mistake

While IRAs are a valuable source of retirement income, the IRS can slap savers with penalties if they mess up the rules of how they work......»»

Category: topSource: moneycentral20 hr. 23 min. ago

US Consumer Sentiment on High Income Optimism

FLASH: US consumer sentiment rose by more than expected as optimism picked up for incomes and the economy, suggesting support for growth in coming months. The University of Michigan’s (MSI) preliminary .....»»

Category: topSource: livetradingnewsMar 15th, 2019

"Living in Chaos": Gary Cohn lashes out at former White House colleagues

"Tariffs don't work. If anything, they hurt the economy because if you're a typical American worker, you have a finite amount of income to spend," Cohn told Freakonomics radio......»»

Category: topSource: moneycentralMar 14th, 2019

Powell says strong economy hiding struggles of poor families

Federal Reserve Chairman Jerome Powell said Monday that the strong U.S. economy is masking the struggles of many families in lower-income communities......»»

Category: topSource: foxnewsMar 11th, 2019

Enbridge pipeline delay spooks traders in Canada crude market

North American energy traders are reluctant to take up long-term positions on Canadian crude price moves, preferring to stick to spot deals, as uncertainty around government intervention in the market grows following delays to a critical pipeline project......»»

Category: topSource: moneycentralMar 10th, 2019

Enbridge pipeline delay spooks traders in long-term Canada crude market

North American energy traders are reluctant to take up long-term positions on Canadian crude price moves, preferring to stick to spot deals, as uncertainty around government intervention in the market grows following delays to a critical pipeline project......»»

Category: topSource: reutersMar 10th, 2019

Payday lenders escape crackdown as rules rolled back

Interest rates on reach nearly 700% in some states as debate over how to regulate payday loans continues.....»»

Category: topSource: moneycentralMar 2nd, 2019

Time is running out to fix this IRA mistake and avoid a 50% penalty

While IRAs are a valuable source of retirement income, the IRS can slap savers with penalties if they mess up the rules of how they work......»»

Category: topSource: moneycentralMar 1st, 2019

U.S. consumer spending, factory data point to weak first quarter GDP growth

U.S. personal income fell for the first time in more than three years in January and consumer spending dropped by the most since 2009 in December, putting the economy on a weak growth path early in the first quarter......»»

Category: topSource: reutersMar 1st, 2019

U.S. GDP grows above-forecast 2.6% as business spending picks up

The U.S. economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger for longer as the Federal Reserve takes a patient approach to interest rates......»»

Category: topSource: moneycentralFeb 28th, 2019

Chinese households are feeling the strain as the economy cools and living costs rise

REUTERS/Jason Lee/File Photo Growth in disposable income slowed in China last year while living costs rose, highlighting the increasing strains Chinese households are fac.....»»

Category: topSource: businessinsiderFeb 28th, 2019

India Increases Pressure on Amazon and Walmart

India proposed new rules for foreign e-commerce firms, the country’s latest move to rein in large American tech companies that dominate the country’s budding internet economy......»»

Category: smallbizSource: wsjFeb 25th, 2019

Tax Guy: Worried about capital-gains taxes? Here’s how much you’ll pay

Here’s the breakdown of the long-term capital-gains rates under the current federal income tax rules......»»

Category: topSource: marketwatchFeb 13th, 2019

Strong third-quarter results for ATB Financial reflect challenges of Alberta economy

EDMONTON, Feb. 12, 2019 /CNW/ - Third-quarter results for ATB Financial show strong growth in revenue and a net income of $51.8 million for the quarter ending December 31, 2018, after accounting for loan loss prov.....»»

Category: earningsSource: benzingaFeb 12th, 2019

China"s Demographic Danger Grows as Births Fall Far Below Forecast

The end of China’s draconian one-child policy has failed to bring an expected boom in births, adding yet another headwind to the country’s economy and compounding worries about its long-term growth potential......»»

Category: smallbizSource: wsjFeb 10th, 2019

Amazon.com Consumer Fraud Problem Grows

Amazon says it polices consumer fraud activity and has harsh penalties for those who break the rules. But does it?.....»»

Category: blogSource: 247wallstFeb 8th, 2019

CFPB wants to weaken rules for payday loans

Under a new regime intent on looking out for lenders first — the CFPB wants to water down its own payday-lending protections......»»

Category: topSource: washpostFeb 7th, 2019

Germany presses for changes in EU competition rules after Siemens/Alstom deal blocked

Europe should change its competition rules to facilitate cross-border mergers and create European champions which can compete with rivals from China and the United States, German Economy Minister Peter Altmaier said on Wednesday......»»

Category: topSource: reutersFeb 6th, 2019

German minister: Clear rules apply to all providers in building 5G network

German Economy Minister Peter Altmaier said on Tuesday that only secure technology could be installed to build Germany's 5G network, adding that clear rules applied to all providers......»»

Category: topSource: reutersFeb 5th, 2019