Cannabis Industry – Remedii http://remedii.net/ Mon, 21 Nov 2022 06:14:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://remedii.net/wp-content/uploads/2021/06/icon-2-150x150.png Cannabis Industry – Remedii http://remedii.net/ 32 32 In South Dakota and Nebraska Deep Red, voters used ballot initiatives to reduce inequality https://remedii.net/in-south-dakota-and-nebraska-deep-red-voters-used-ballot-initiatives-to-reduce-inequality/ Mon, 21 Nov 2022 05:54:53 +0000 https://remedii.net/in-south-dakota-and-nebraska-deep-red-voters-used-ballot-initiatives-to-reduce-inequality/ This fall, in the run-up to the midterm elections, a group of Catholic nuns, Protestant ministers and other religious leaders caravanned through South Dakota on what they called a “Love Your Neighbor Tour.” . They stopped at grocery stores, restaurants, senior centers, libraries and other community gathering places to start conversations about health insurance. They […]]]>

This fall, in the run-up to the midterm elections, a group of Catholic nuns, Protestant ministers and other religious leaders caravanned through South Dakota on what they called a “Love Your Neighbor Tour.” .

They stopped at grocery stores, restaurants, senior centers, libraries and other community gathering places to start conversations about health insurance. They heard story after story of family members, friends and neighbors struggling to afford quality health care.

The purpose of this tour: to build support for a ballot initiative to help more South Dakotans get the care they need.

Through such initiatives, citizens can circumvent elected officials who have become disconnected from their constituents.

In this year’s elections, voters in more than 30 states committed to this form of direct democracy. These voters raised taxes on the wealthy in Massachusetts and Los Angeles, funded universal preschool and child care in New Mexico, and clamped down on medical debt in Arizona.

In South Dakota, the “Love Your Neighbor” campaign won big. By a margin of 56 to 44, voters approved a proposal to force their state government to expand Medicaid eligibility, a move that will help about 42,500 working-class people get treatment.

These people earn too much to qualify for the state’s existing Medicaid program, but too little to access private insurance through the Affordable Care Act. Since 2010, the federal government has covered 90% of the costs when states expand Medicaid, but political leaders in South Dakota and 11 other states have refused to do so.

This isn’t the first time South Dakotans have used effective strategies of people-to-people organizing and ballot initiatives for the good of their neighbors.

In 2016, a bipartisan coalition with strong support from the faith community won a stunning victory against financial predators, winning 76% support for an election measure to impose a 36% cap on loan interest rates. on salary. Previously, those rates averaged around 600% in South Dakota, trapping many low-income families in a downward spiral of debt.

In this midterm election season, Nebraska offers another inspiring example of citizen action to circumvent out-of-touch politicians.

For 13 years now, Republicans in Congress have blocked efforts to raise the federal minimum wage, leaving it stuck at $7.25 since 2009. Nebraska’s entire congressional delegation — all Republicans — has always opposed the hikes minimum wage. Rep. Adrian Smith, for example, recently attacked President Biden’s $15 federal minimum proposal as “economically harmful.”

Nebraskans view the issue differently.

Voters there approved an increase in the state minimum wage to the same level Biden has proposed — $15 an hour — by 2026. The measure, which was accepted with 58% support, will mean bigger paychecks for about 150,000 Nebraskans.

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TikTok and social media voted least ethical in Australia: report https://remedii.net/tiktok-and-social-media-voted-least-ethical-in-australia-report/ Fri, 18 Nov 2022 01:24:06 +0000 https://remedii.net/tiktok-and-social-media-voted-least-ethical-in-australia-report/ In a strong sign of low trust in Big Tech, Australians voted TikTok the least ethical organization of the year, followed by Facebook, Twitter and Instagram. According to the Ethics Index 2022 (pdf) published by the Governance Institute of Australia, the country’s overall ethics score fell for the second consecutive year from 45 to 42. […]]]>

In a strong sign of low trust in Big Tech, Australians voted TikTok the least ethical organization of the year, followed by Facebook, Twitter and Instagram.

According to the Ethics Index 2022 (pdf) published by the Governance Institute of Australia, the country’s overall ethics score fell for the second consecutive year from 45 to 42.

TikTok won the unenviable wooden spoon with a score of -32, followed by Payday Loans (-30), Facebook (-28), Twitter (-21) and Instagram (-12).

“The media only sees a slight easing [in its score]but remains well below levels seen in 2020,” the report said.

Additionally, the latest news comes as nearly 80% of respondents in a previous poll expressed concern about the security of personal information stored on TikTok, the China-based video-sharing platform.

Australian Home Secretary Clare O’Neil ordered cybersecurity authorities to investigate the security of TikTok’s data collection in September after the company acknowledged employees in mainland China could access data of seven million Australian users.

Cybersecurity Minister Clare O’Neil speaks in Parliament in Canberra, Australia, September 5, 2022. (AAP Image/Mick Tsikas)

Additionally, a BBC documentary released in October revealed that TikTok had made huge profits from livestreaming displaced Syrian refugees asking for donations. The social media app received 70% of stream revenue, while refugee families received a much smaller cut.

Media voted least ethical sector

The Ethics Index, based on a nationwide survey of 1,000 people by Ipsos, found the media industry to be the least ethical sector in Australia (-15), just behind big business. companies (-3) and resource companies (-1).

The survey questions covered issues such as COVID-19, climate change, gender and cultural diversity, as well as CEO compensation levels.

Megan Motto, CEO of the Governance Institute, said this year’s results showed a downward trend in trust and that direct action was needed to reverse it.

“A stabilization in trust and ethics had been hoped for this year, but that was not to be the case,” Motto said in a statement. “We are now seeing a clear downward trend in trust and ethics. Since strong ethics are an indicator of a strong and well-functioning company, this is a major concern and this year’s results should remind us of the importance of trust and ethics in all levels of our society.

Motto noted that a strong sense of unity saw confidence soar at the start of the COVID-19 pandemic.

“But we’ve seen a denouement since then,” she said. “It looks like we’re a little less confident, more cynical and more divided.”

Nurses were found to be the most ethical and trusted profession by Australians, with a score of 77, followed by firefighters (75).

State politicians scored -22, down from -10 last year, making it Australia’s least ethical occupation – a sign of bad news for campaigners in Victoria and New Wales. South, which will soon hold state elections.

The organizations rated the most ethical were pathology departments, specialists and primary schools, which scored 66 and 65 points respectively.

Epoch Times staff in Sydney

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Achieve predicts moderate spending on gifts and travel for the 2022 holiday season https://remedii.net/achieve-predicts-moderate-spending-on-gifts-and-travel-for-the-2022-holiday-season/ Mon, 14 Nov 2022 20:00:00 +0000 https://remedii.net/achieve-predicts-moderate-spending-on-gifts-and-travel-for-the-2022-holiday-season/ Only 14% of US consumers say they set aside savings for holiday shopping. SAN MATEO, Calif., November 14, 2022 /PRNewswire/ — Americans plan to take a restrained approach to gifts, travel and other spending this holiday season, a sentiment boosted by economic concerns over inflation, rising interest rates interest, layoffs and the threat of a […]]]>

Only 14% of US consumers say they set aside savings for holiday shopping.

SAN MATEO, Calif., November 14, 2022 /PRNewswire/ — Americans plan to take a restrained approach to gifts, travel and other spending this holiday season, a sentiment boosted by economic concerns over inflation, rising interest rates interest, layoffs and the threat of a looming recession, according to a new report by Reachthe leader in digital personal finance.

The 2022 Season Expenditure Reportpublished by the Achieve Center for Consumer Insights, found that 69% of American adults plan to cap their gift spending at $500 this year, while 14% said they had no intention of buying gifts. The report also found that only 14% of Americans say they have separate savings for vacation-related expenses, while one in five consumers wish they had created a dedicated vacation savings plan.

“While most Americans are planning limited travel this year, many still wish they had done a better job preparing financially for the holiday season,” said the co-founder and co-CEO of Achieve. Brad Stroh. “The large gap between consumers making holiday savings plans is particularly concerning, given that household debt is at peak levels and growing.”

The data and conclusions of the 2022 Season Expenditure Report are based on an online survey of 1,000 U.S. consumers ages 18-65, including a statistically significant sample of Gen Z adults. Data is representative of Census Bureau benchmarks of the U.S. population for the age, sex, race and ethnicity.

Stay home for the holidays

Nearly half of respondents plan to celebrate the holidays at home this year, while 28% say they have no plans at all. Of those who will travel, most plan to stay in the United States, usually to visit family. Respondents whose annual household income is greater than $100,000 are nearly three times more likely to take national holidays this holiday season than those with incomes below $100,000. The report also found that feelings about gifts vary by age, gender and relationship status.

  • Women were about twice as likely as men to say they put a lot of effort into choosing gifts.
  • Men were almost three times more likely than women to say they like giving away tech gadgets.
  • Baby boomers were the most likely to say they dislike giving gifts, while millennials and Gen Z were the most likely to say they were generous and caring.
  • Married respondents were more likely to consider themselves last-minute shoppers than single, engaged/living with a partner, or divorced/widowed consumers.

“Finances are a significant contributor to holiday stress,” Stroh said. “But consumers who stick to their budget and focus on their priorities this season will get through the holidays with less stress and potentially more money in their bank accounts.”

Holiday Payment Trends

Consumers plan to use a combination of methods to pay for holiday spending on gifts, new outfits, food and entertainment. Most will rely on available funds accessed from their bank accounts, supplemented by credit card spending. Although the overall use of paper checks is minimal, a surprising 9% of Millennials expect to use them, compared to only 4% in each of Gen Xers and Baby Boomers. Other payment methods, such as payday loans and money orders, play a much smaller role in most consumers’ holiday shopping.

  • While freebies can be moderate, 20% of respondents said they expect their credit card debt to increase by $1,000 or more during the holidays.
  • Gen X (5%) and Gen Y (6%) expect they will need the most help managing their vacation debt. Separately, 65% of baby boomers — the highest proportion of any generation — believe they will keep their spending under control.
  • Among those who expect to accumulate more than $5,000 In the case of holiday credit card debt, 17% think they will need outside help to settle their debt. Conversely, only 2% of consumers who plan to add less $500 credit card balance believe they will need the same kind of help.

Tips from Achieve: 5 Steps to Building a Holiday Budget

Many people resist making a budget because they think it only serves to limit spending. Instead, think of your budget as a tool that helps direct spending to the things that are most important to you. Any good budget is based on setting priorities and setting realistic goals.

  1. Figure out how much you can spend this year without incurring unnecessary debt.
  2. Carefully consider and list everything and everyone you plan to spend money on during the holiday season. Include gifts, greeting cards, decorations, holiday meals and year-end gratuities for service providers. Finally, don’t forget about future travel expenses, even if you’re only traveling across town to visit loved ones.
  3. Then start listing gift ideas and include prices. You may need to modify the gifts you want to buy to avoid going over your budget constraints.
  4. If the budget seems tight, but you don’t want to take someone off your gift list, the gift of time can mean so much more than a wrapped gift.
  5. Remember what your vision of vacations is and that vacations were never meant to create financial stress.

About the Achieve Consumer Information Center

The Achieve Center for Consumer Insights is an ongoing initiative that leverages Achieve’s team of digital personal finance experts to provide a view into the state of consumer finances. In addition to sharing insights drawn from Achieve’s proprietary data and analysis, Achieve’s Consumer Insights Hub publishes in-depth research, tailored data and thoughtful commentary in support of Achieve’s mission. Achieve to help everyday people borrow and stay on the path to a better financial future.

About Reach

Reach is the leader in digital personal finance. Our solutions help everyday people engage and stay on the path to a better financial future, through innovative technology and personalized coaching. Leveraging proprietary data and analytics, our solutions are tailored to every stage of a consumer’s financial journey and include personal loans, home loans, debt relief, and financial tools and education. . Based at San Mateo, CaliforniaAchieve has more than 2,700 dedicated employees across the country with centers in California, Arizona and Texas and has consistently been recognized as a better place to work.

Achieve and its affiliates are subsidiaries of Freedom Financial Network Funding, LLC, including Bills.com, LLC d/b/a Achieve.com (NMLS ID #138464) Equal Housing Lender; Freedom Financial Asset Management, LLC (NMLS ID #227977); Freedom Resolution (NMLS ID #1248929); and Lendage, LLC d/b/a Achieve Loans (NMLS ID #1810501), Equal Housing Lender.

SOURCE Go

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This year, voters circled disconnected politicians https://remedii.net/this-year-voters-circled-disconnected-politicians/ Fri, 11 Nov 2022 22:19:40 +0000 https://remedii.net/this-year-voters-circled-disconnected-politicians/ This fall, in the run-up to the midterm elections, a group of Catholic nuns, Protestant ministers and other religious leaders caravanned through South Dakota on what they called a “Love Your Neighbor Tour.” . They stopped at grocery stores, restaurants, senior centers, libraries and other community gathering places to start conversations about health insurance. They […]]]>

This fall, in the run-up to the midterm elections, a group of Catholic nuns, Protestant ministers and other religious leaders caravanned through South Dakota on what they called a “Love Your Neighbor Tour.” .

They stopped at grocery stores, restaurants, senior centers, libraries and other community gathering places to start conversations about health insurance. They heard story after story of family members, friends and neighbors struggling to afford quality health care.

The purpose of this tour: to build support for a ballot initiative to help more South Dakotans get the care they need.

Through such initiatives, citizens can circumvent elected officials who have become disconnected from their constituents.

In this year’s elections, voters in more than 30 states committed to this form of direct democracy. These voters enshrined abortion rights in states like Michigan, funded universal preschool and child care in New Mexico, and clamped down on medical debt in Arizona.

In South Dakota, the “Love Your Neighbor” campaign won big. By a margin of 56 to 44, voters approved a proposal to force their state government to expand Medicaid eligibility, a move that will help about 42,500 working-class people get treatment.

These people earn too much to qualify for the state’s existing Medicaid program, but too little to access private insurance through the Affordable Care Act. Since 2010, the federal government has covered 90% of the costs when states expand Medicaid, but political leaders in South Dakota and 11 other states have refused to do so.

This isn’t the first time South Dakotans have used effective strategies of people-to-people organizing and ballot initiatives for the good of their neighbors.

In 2016, a bipartisan coalition with strong support from the faith community won a stunning victory against financial predators, winning 76% support for an election measure to impose a 36% cap on loan interest rates. on salary. Previously, those rates averaged around 600% in South Dakota, trapping many low-income families in a downward spiral of debt.

In this midterm election season, Nebraska offers another inspiring example of citizen action to circumvent out-of-touch politicians.

For 13 years now, Republicans in Congress have blocked efforts to raise the federal minimum wage, leaving it stuck at $7.25 since 2009. Nebraska’s entire congressional delegation — all Republicans — has always opposed the hikes minimum wage. Rep. Adrian Smith, for example, recently attacked President Biden’s $15 federal minimum proposal as “economically harmful.”

Nebraskans see the issue differently.

Voters there approved an increase in the state minimum wage to the same level Biden has proposed — $15 an hour — by 2026. The measure, which was accepted with 58% support, will mean bigger paychecks for about 150,000 Nebraskas.

Election measures like these can send a healthy wake-up call to political leaders who aren’t listening to their constituents. But some special interests, especially those with deep pockets and driven by narrow profit motives, don’t necessarily want ordinary Americans to be heard.

State legislatures across the country have seen a slew of bills aimed at restricting or eliminating the ballot measurement process. According to the Ballot Initiative Strategy Center, the number of such bills increased by 500% between 2017 and 2021. Dozens more were introduced in 2022, including efforts to raise the threshold for passing a measure. voting beyond a simple majority vote.

The purpose of these restrictions? To undermine the will of the people.

At a time when more and more Americans are worried about the future of our democracy, we should applaud the advocates in South Dakota, Nebraska and elsewhere who engage their fellow citizens in the political decisions that affect their lives. .

We need more democracy. Not less.

Sarah Anderson directs the Global Economy Project and co-edits Inequality.org at the Institute for Policy Studies. This editorial was distributed by OtherWords.org.

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Employers extend workers’ benefits https://remedii.net/employers-extend-workers-benefits/ Wed, 09 Nov 2022 05:30:31 +0000 https://remedii.net/employers-extend-workers-benefits/ With more companies hiring remotely and employing workers located in areas subject to different local laws and anti-money laundering regulations, processing international payroll payments has become more complex in recent years. This has made the role of last-mile partners critical, according to Eynat Guez, CEO of Israeli cross-border payroll management firm Papaya Global, pointing to […]]]>

With more companies hiring remotely and employing workers located in areas subject to different local laws and anti-money laundering regulations, processing international payroll payments has become more complex in recent years.

This has made the role of last-mile partners critical, according to Eynat Guez, CEO of Israeli cross-border payroll management firm Papaya Global, pointing to the company’s recent partnership with JPMorgan.

Announced in October, the deal gives Papaya access to the bank’s global financial infrastructure and payments network, which the company leverages to deliver compliant and secure payroll payments through a single end-to-end platform. boils in 72 hours in more than 150 countries around the world.

Read more: Papaya Global to Acquire Cross-Border Payments Service Azimo

As Guez told PYMNTS, “Our customers and everyone who uses Papaya can rest assured that once they process payroll with us, their employees will be paid correctly and on time in any country in the world. .”

Regarding payments in multiple currencies, she said the ability to pay an employee’s preferred currency has been challenged by regulations in most parts of the world, which require salary payments to be paid. in local currencies.

Read also: Papaya Global raises $250 million for onboarding and cross-border payment

Overall, however, Guez’s view is that currency is going to be the new “world order” in payroll payments, with more individuals capitalizing on double-digit currency swings to earn substantial income without too much effort.

Crypto: new payroll option?

Whether making payments to local bank accounts, digital wallets such as PayPal, or even paying directly in digital assets, there is a growing demand for payment flexibility worldwide from international workers.

For those in countries with highly volatile markets or places with liquidity issues like Ukraine and Russia, Guez said demand for fast, low-cost cryptocurrency payments has increased. over time.

Learn more: Deel CEO: Crypto offers employers a new payroll option to attract a global workforce

But as employees increasingly embrace the option of having some of their savings invested in virtual assets, she pointed to some concerns, including that digital currencies are still not assets that can be liquidated often or exchanged on a day-to-day basis to buy groceries, for example.

Increasing regulation in the space has also not helped, adding further complexity to crypto payments associated with payroll, she also noted.

“About two or three years ago it was much easier because governments [were still behind in catching on to the trend]but all of a sudden [that has changed]“, she said, adding that apart from the United States, which has made it relatively easy to pay in crypto, most countries have made it very difficult for employees to hold crypto.

Extension of benefits

The world of employment has undoubtedly changed in recent years, paving the way for sustained telecommuting and hybrid work for most companies.

Trends such as pay-as-you-go have also gained traction as more workers seek access to their wages before the end of the government-regulated monthly payment cycle commonly used in most parts of the world. .

“There is almost no logical reason why [employees] shouldn’t be paid sooner if they stay [on the job] and work for the whole month,” Guez noted.

She added that quick access to wages is even more critical in this current macro environment of high interest rates to prevent workers from relying on predatory payday loans to make ends meet.

See also: Avoiding International Payroll Missteps

In this context, she said employers would play a bigger role in initiating short- and long-term loans rather than banks, using balance sheet liabilities such as paid vacation (PTO) or severance pay. departure that are unrelated to salary payments.

With these cheaper financial services and benefits, employees who need access to funds above their salary, to buy a vehicle or cover wedding expenses, for example, can turn to their employer to make up the shortfall. financial.

This is an area where global payroll providers like Papaya, who have access to massive amounts of employee data, can also help.

“We can estimate [employee] just like the bank would and also have full visibility into the liabilities an employer has on the balance sheet – so why can’t we create a place where those needs are met? Guez argued.

For all PYMNTS EMEA coverage, subscribe daily EMEA Newsletter.

We are always looking for partnership opportunities with innovators and disruptors.

Learn more

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New rules on the way to buy-it-now and pay-later plans https://remedii.net/new-rules-on-the-way-to-buy-it-now-and-pay-later-plans/ Wed, 02 Nov 2022 09:37:40 +0000 https://remedii.net/new-rules-on-the-way-to-buy-it-now-and-pay-later-plans/ The government wants to introduce better checks to buy now, pay later to protect vulnerable Kiwis. Laptop screen showing buy now pay later services. (Source: 1News) “Buy now, pay later” programs are a growing form of unsecured short-term credit used by consumers to pay for goods and services. It does not charge interest, although late […]]]>

The government wants to introduce better checks to buy now, pay later to protect vulnerable Kiwis.

“Buy now, pay later” programs are a growing form of unsecured short-term credit used by consumers to pay for goods and services.

It does not charge interest, although late fees are charged if a payment is missed.

“It’s the right thing to do,” said Trade and Consumer Affairs Minister David Clark.

“As the global cost of living crisis puts pressure on New Zealanders and their families, we are taking action to help them avoid unmanageable debt, particularly as the Christmas season approaches.”

He said the sector has proven popular and grown rapidly – ​​the amount of money spent on these programs in 2021 was $1.7 billion, up from $755 million in 2020.

A spokesperson for Afterpay said it “has always advocated for regulation that delivers good outcomes for consumers, is fit for purpose and proportionate.”

“Getting the right regulatory balance will mean that consumers won’t be pushed back into credit cards and payday loans – products that benefit people who go into debt.”

The government wants affordability checks for purchases over $600 — the same protection in place for borrowers who want to use credit cards and personal loans.

Small loans wouldn’t have to go through the same process, but full credit reports would have to take place, Clark said.

Lenders would also be required to put in place a process in case of difficulties and to adhere to a dispute resolution system.

Consultation on the proposed changes is expected to open later this year, with final regulations adopted in 2023.

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Unbanked Americans at rock bottom https://remedii.net/unbanked-americans-at-rock-bottom/ Sun, 30 Oct 2022 07:20:24 +0000 https://remedii.net/unbanked-americans-at-rock-bottom/ NEW YORK – The number of Americans without bank accounts fell to a record low last year, as the proliferation of online-only banks and an improving economy bring more Americans into the traditional financial system. A new report from the Federal Deposit Insurance Corp. published last week revealed that 4.5% of Americans – representing about […]]]>

NEW YORK – The number of Americans without bank accounts fell to a record low last year, as the proliferation of online-only banks and an improving economy bring more Americans into the traditional financial system.

A new report from the Federal Deposit Insurance Corp. published last week revealed that 4.5% of Americans – representing about 5.9 million households – did not have a bank account in 2021. This is the lowest level since the FDIC began tracking the data in 2009 and compared to 5.4% of Americans in the 2019 survey data.

The decline in unbanked households can be partly attributed to the coronavirus pandemic. States and the federal government handed out trillions of stimulus dollars to Americans after covid-19 crippled the US economy in March 2020. Benefit programs largely needed a bank account to send funds quickly to people affected.

“During the pandemic, consumers opened bank accounts to quickly and securely access relief funds and other benefits,” Acting FDIC Chairman Martin J. Gruenberg said in a statement. .

But the FDIC attributed most of the improvement to the strength of the economy in 2021, as restrictions related to the coronavirus pandemic largely expired and the unemployment rate was low.

Black and Hispanic households remain much more likely to not have a bank account, though those numbers are improving. About 11.3% of black households do not have a bank account, up from 13.8% two years earlier. Among Hispanic households, that figure fell from 12.2% to 9.3%.

The top reasons someone would choose to be unbanked were largely unchanged from previous surveys. One in five unbanked households said not having enough money to maintain an account was the main reason they didn’t have one – a sign that being unbanked remains a problem. economic inclusion.

The FDIC began tracking unbanked Americans in 2009. In 2011 data, the number of unbanked Americans increased significantly following the Great Recession. While Americans have kept their bank accounts during the coronavirus recession, the number of unbanked Americans may increase in the future if inflation continues to hurt the economy and unemployment rises.

Other households had privacy and trust issues with banks. Large companies like Amazon have tracked consumer data through credit card usage for some time, but banks also profit from this data.

Americans outside the traditional financial system face many hurdles with their day-to-day finances, which is why policymakers are pushing so hard to get unbanked households to open a savings or checking account. Check cashing services, utility payment services, rent payments without a bank account often come with fees, money that someone with a bank account would not be subject to.

New immigrants and refugees are also among the unbanked. Jhuma Acharya, a former refugee from Bhutan and a case manager with Refugee and Immigration Community Services in Columbus, said he’s seen an increase in clients calling him about businesses that won’t accept not their money.

“I have never worked with a single (new) refugee who said they used a credit card in their lifetime,” Acharya said.

Acharya said customers typically take at least five months to build up enough credit with banks in the United States to open an account. In the meantime, Acharya said they are trying to educate customers on how to set up a debit card and how to use their electronic benefits transfer card.

There has also been a growing number of businesses that no longer accept cash as a form of payment, an issue that several state legislatures have begun to address.

Some states and cities required cash to be accepted before the covid-19 pandemic, such as New Jersey, Massachusetts, San Francisco and Philadelphia. However, at least seven states have passed such bills since the pandemic began, mostly in response to the growing number of contactless businesses following CDC recommendations to limit cash use for fear of spreading the virus.

Delaware, New York, Oregon, Arizona, Colorado, Connecticut and Rhode Island have all passed bills requiring businesses to accept cash, according to data from the National Conference of State Legislatures. More than a dozen states have introduced cash-mandated bills since 2020. At least three bills in the Republican-majority states of Florida, Mississippi and North Dakota have died in committee, along with two bills in New Hampshire and Wisconsin, mostly held by Democrats.

In Ohio, State Senator Louis Blessing III, Township of R-Colerain, introduced a bill in the 2021 legislative session that would open businesses up to lawsuits if they don’t accept cash as a means. of payment. Blessing cited protecting immigrant and poor communities as a driver of the bill, as well as protecting the data privacy of consumers and older people, who are more likely to use cash.

The bill is still pending in the Ohio legislature.

“I think if this bill went to a vote, every Democrat in the state would vote yes,” said Blessing, who was voted down mostly by his Republican counterparts in the Republican-held state.

The survey also revealed that the percentage of so-called underbanked households – those who have a bank account but still use expensive financial services like check cashing, pawnshops, loans payday and remittances – also declined.

The FDIC also found that about half of all US households used a non-bank payment service such as CashApp, Venmo, or PayPal in 2021.

Information for this article was provided by Samantha Hendrickson of The Associated Press.

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Senator Warren will promote student debt forgiveness during his visit to Western Mass. https://remedii.net/senator-warren-will-promote-student-debt-forgiveness-during-his-visit-to-western-mass/ Mon, 24 Oct 2022 18:15:00 +0000 https://remedii.net/senator-warren-will-promote-student-debt-forgiveness-during-his-visit-to-western-mass/ Democratic U.S. Senator Elizabeth Warren will be in western Massachusetts on Tuesday with Congresswoman Ayanna Pressley to talk about canceling student debt. The two are touring the state with additional stops in Boston, Brockton, Worcester and Springfield to encourage those eligible for President Joe Biden’s pardon program to sign up. Announced in August, the plan […]]]>

Democratic U.S. Senator Elizabeth Warren will be in western Massachusetts on Tuesday with Congresswoman Ayanna Pressley to talk about canceling student debt. The two are touring the state with additional stops in Boston, Brockton, Worcester and Springfield to encourage those eligible for President Joe Biden’s pardon program to sign up.

Announced in August, the plan forgives $10,000 of student loan debt for individuals — and an additional $10,000 for Pell Grant recipients. The US Department of Education estimates the program will cost the government $30 billion a year over the next decade. Americans currently collectively owe about $1.75 trillion in student loan debt. While a lawsuit from six Republican-controlled states stalled the plan in federal appeals court, the Biden administration has said it still intends to overturn it. Warren told WAMC why she was heading to Springfield Technical Community College on Tuesday afternoon.

WARREN: It’s really exciting. You know that President Biden has forgiven the student loan debt of approximately 43 million Americans. And that’s about 850,000 people in the Commonwealth of Massachusetts who will have some or all of their debt forgiven. So Congresswoman Pressley and I are going out to Springfield Technical Community College on Tuesday. We’ll be there at 4:45 just to rally people to make sure everyone who is eligible signs up to get their debt forgiven, and to encourage people to come out and spread the word. You know, tell your sister, tell your mother, tell your cousin, tell your neighbor, because I want to make sure everyone in the Commonwealth who is eligible for this liberation actually gets it.

WAMC: So what’s at stake here? What are people missing out on if they don’t take advantage of this program?

Well, if someone was a Pell beneficiary when they were in two-year college, four-year college, technical school, they are entitled to up to $20,000 in loan debt student canceled, disappeared, erased from the books. If they weren’t eligible for Pell, they have the right to reverse about $10,000, off the books. Now this only applies to people with incomes below $125,000. And I’m just going to be blunt here – Most people who have this debt and are going to get relief have a household income below about $75,000. But it’s an easy, easy form to go online to check it out. It’s under studentaid.gov, and it’s a very simple form and you can tell right away if you qualify for a cancellation. Fill out the form, it takes a few minutes. And here’s the best part – The cancellation is going to happen in a few weeks, and that means – I want you to think about it from a personal perspective. That means people who’ve been under that weight, that means people who couldn’t think of moving out of mom’s basement, or buying a car, couldn’t think of buying a house, for some haven’t been able to start a small business, or haven’t been able to start a family, that they can get rid of that debt and really build a more secure economic future.

Let’s talk brass thumbtacks. When you talk about the impact of student debt on American society, on the Commonwealth, what are the big numbers that are relevant here? What does this mean materially for the people of Massachusetts?

Well, what that mainly means for the people of Massachusetts, for the 850,000 who will be eligible for debt cancellation here, is that they can just stabilize themselves financially. Now, as you know, there has been no student loan repayment so far for this, it’s been two and a half years during the pandemic. But those payments are set to begin in January. And on average, they cost around $400 per month. So being able to erase or reduce your student loan debt will have a big impact month-over-month for people in the future. And that’s going to be a really big deal.

Now this legislation is just the start of an effort to address a problem that will certainly continue long after this, the impact of this is being felt. And certainly, you had your own bigger ambitions for bigger versions of this same program. What comes next for Democrats to build on this and continue to reduce student loan debt in America?

Excellent question. So let me give you the second part, because we’re also going to do that on Tuesday, and that’s the Civil Service Loan Forgiveness Program. So you might remember for anyone… Think who is in the public service. Public school teachers, firefighters, police officers, people who work for the city or county or for the state or federal government, nurses who work in nonprofit hospitals. All, under current law, were entitled to take out public service debt forgiveness. And after 10 years of payments, they get the remaining debt erased. Well, it turns out the loan officers were really bad at it, and they put people in the wrong programs, they sent them off to the wrong places that gave them the wrong information. And so a lot of people who could have gotten help didn’t. By October 31st, by Halloween, people who are in the civil service are entitled to get what is called a waiver to participate in the new civil service loan forgiveness program and have all their previous payments count towards their 10 years, and when they reach that 10-year mark, clear the remaining debt. So that’s going to help a lot of our teachers, firefighters and nurses. This is the next step. But we have more than that! Want to hear about it?

I certainly would.

Okay, from there we have to continue to reduce, obviously, student loan debt. But we also need to take a closer look at how to prevent this debt from building up again in the future. And that means we need to make college more affordable. And to do that will take a combination of our state and federal governments to provide enough support to our public colleges and universities so that no one has to shoulder crippling debt to get a technical certificate, or to to obtain a two-year degree, or to obtain a four-year degree. For me, it’s about how we think about building a future, and we’re building a future by making investments, roads and bridges. We are building a future by investing in broadband. We are building a future by investing in the education of our people and helping people prepare for a 21st century economy. As a nation, I believe we need to make these investments so that everyone who wants to get that education can get it without being burdened with student debt. That’s what’s left in the future, and that’s part of what’s on the ballot in November. So that’s what the Democrats are fighting for, and that’s why I’m fighting alongside them

I wanted to hear your opinion on the Fifth Circuit Court of Appeals ruling on the Consumer Financial Protection Bureau regarding the unconstitutionality of the funding structure. What do you think about this? I know you’ve already fought backbut I kind of want to cut to the bone here- What’s going on with the desktop?

Well, first they got the law wrong. And second, it’s really reckless. So let’s do the first. The Consumer Financial Protection Bureau is funded similarly to the Federal Reserve, which, by the way, is not the only banking regulator that is not funded by appropriations. The Office of the Comptroller of the Currency, which is the primary banking supervisory board, and the FDIC, you know, which provides this great insurance to make sure the money will be there, you know, if you have money in a current account, all are financed outside loans. And that means the Senate doesn’t vote or Congress doesn’t vote on them every year, and that’s been the case since 1863, when the first federal banking regulator was put in place. And you know, the reason was pretty obvious. And it was that basically, as one nation said, it’s not a good idea for politicians to have financial control over these banking regulatory agencies, because they’ll be under too much political pressure. That’s how it was set up from the start. There is nothing abnormal about the CFPB. But that’s part of what makes this decision so reckless. When the Fifth Circuit says, no, I’m fair, they’re just declaring the whole agency unconstitutional, they’re actually trying, I think, to try to say that all the regulations that the agency has put in place to protect people on residential mortgages and credit cards and payday loans – are they saying it just goes away? And are they saying that, at least in the Fifth Circuit, they don’t recognize the Federal Reserve Bank? They don’t recognize the banking supervisors from the Office of the Comptroller of the Currency? They don’t recognize FDIC insurance? This is just one of those opinions you just have to shake your head about how these guys are doing politics instead of doing their job and applying the law as it is written.

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How to Get a $2,000 Personal Loan – Forbes Advisor https://remedii.net/how-to-get-a-2000-personal-loan-forbes-advisor/ Thu, 20 Oct 2022 17:25:12 +0000 https://remedii.net/how-to-get-a-2000-personal-loan-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Borrowing a $2,000 personal loan could help you out of a tough spot, whether you need to cover a medical bill, a car repair, or some other expense. While some lenders require […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

Borrowing a $2,000 personal loan could help you out of a tough spot, whether you need to cover a medical bill, a car repair, or some other expense. While some lenders require you to take out a larger loan, there are banks, credit unions, and online lenders that offer $2,000 loans. You might even be able to get financing in as little as one business day.

Follow these five steps to get a $2,000 loan.

1. Consider qualification requirements

Most personal loans are unsecured, so a lender bases their approval decision primarily on your credit and income. Here are some common qualification requirements for getting a $2,000 loan:

  • Credit. A lender will look at your credit history and credit score when evaluating you for a loan. Borrowers with strong credit are more likely to qualify for more favorable terms. A good FICO score starts at 670, a great score starts at 740, and an outstanding score starts at 800. You can check your credit score with the three major credit bureaus, use a credit monitoring service, or go through your credit provider. credit card. You can also view your credit report at AnnualCreditReport.com. If you spot reporting errors, challenge them to have them removed.
  • Revenue. You will need to meet a lender’s income requirements to qualify for a $2,000 loan. A lender may ask you to upload pay stubs when you apply to ensure you have the funds to repay your loan.
  • Debt-to-income ratio (DTI). Your DTI ratio compares your monthly debt payments with your monthly income. This is another indication of your ability to repay a loan. If your DTI is too high, a lender might reject your loan application. Lenders generally prefer a DTI of 35% or less.
  • Co-applicant. Although a co-applicant is not required to borrow a $2,000 loan, some lenders allow you to add one to your application if you cannot meet the credit and income requirements on your own.
  • Collateral. Most personal loans are unsecured, meaning they don’t require collateral. However, you can find secured loans, especially if you don’t meet a lender’s credit and income criteria. Secured loans are secured by collateral, such as a car title or bank account. However, you could lose your guarantee in the event of late payment.

2. Prequalify with multiple lenders

Although a $2,000 loan is a relatively small sum, it’s still worth shopping around for the best deal. Many online lenders allow you to prequalify for a loan, which means you can check your rates without affecting your credit score.

All you have to do is provide some basic personal information and the lender will show you loan offers. These offers aren’t locked in until you submit a complete application, but they can give you an idea of ​​your rates.

3. Compare your offers

Compare offers from various lenders to find the one with the lowest interest rate and fees. Here are some factors to consider when comparing $2,000 loans:

  • Annual percentage rate (APR). The APR of your loan measures both the interest rate and the fees, allowing you to compare loans on an apples-to-apples basis. The loan with the lowest APR should be the most affordable.
  • Repayment Terms. Consider how many months or years you will need to repay the loan. Since your loan amount is small, your repayment terms may be shorter than they would be for a larger sum.
  • Monthly payments. Review what your monthly payments will be on each loan offer to make sure they fit your budget.
  • Funding time. Find out how long it will take to receive the funds, especially if you have an immediate need for the loan.
  • Customer service and reviews. Check out lender reviews to see what other borrowers have to say about the loan process and customer service. Make sure the lender offers customer support via phone, email, and/or online chat in case you have questions or run into problems.

4. Complete and submit your application

Once you’ve found a loan offer you like, fill out and submit a full application. This application will be more complete than the pre-qualification form.

You will provide your personal information and upload all required documents. Sample documents include pay stubs, W-2 forms, and bank statements, although requirements vary by lender.

Many lenders allow you to complete the application online, although some offer the option of applying over the phone or in person.

5. Manage and repay your loan

After you submit your application, the lender will review your information and initiate a credit investigation to check your credit. This rigorous credit check could temporarily reduce your credit score by a few points.

Assuming the lender approves the loan, you will receive the funds less any origination fees charged by the lender. You will also start repaying the loan according to the agreed repayment term. Consider setting up automatic payments to make sure you don’t miss any.

How to get a $2,000 loan with bad credit

Bad credit can limit your options for a $2,000 personal loan. Since most personal loans are unsecured, lenders rely on your credit and income to determine your risk as a borrower.

That said, it’s always worth shopping around to see if a lender is willing to work with you. Universal Credit, for example, requires a minimum score of 560, while Upgrade and Avant require scores starting at 580.

You can also check with your current bank or credit union to see what they can offer. Some lenders will also let you apply with a co-signer or opt for a secured personal loan if your credit isn’t up to scratch.

Finally, you can seek out a peer-to-peer loan or alternative payday loan (PAL) from a credit union, both of which may have more flexible credit requirements than traditional personal loans.

Beware of loans that don’t require a credit check, as these can be payday loans with exorbitant interest rates and fees. Payday loans generally require repayment in a few weeks and can have fees equivalent to APRs of 400% or more.

Where to get a $2,000 loan

Long-term costs of a $2,000 loan

The long-term costs of a $2,000 loan vary depending on your interest rate, fees, and repayment terms. The lower your rate and fees, the lower your borrowing costs will be.

You can also reduce your borrowing costs by opting for a shorter loan term. The downside of choosing a short-term loan, however, is that your monthly payments will be higher.

For example, let’s say you borrow a $2,000 personal loan at a rate of 10%. With a repayment term of one year, your monthly payment would be around $176 and you would pay $110 in total interest charges. Over a two-year term, your monthly payment would be $92, but your total interest charges would almost double to $215.

Use our personal loan calculator to estimate both your monthly payments and your long-term costs under different repayment terms. Searching for a $2,000 loan offer can also help you find a loan that fits your budget.

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Amada Senior Care partners with ZayZoon, providing access to earned wages for support workers https://remedii.net/amada-senior-care-partners-with-zayzoon-providing-access-to-earned-wages-for-support-workers/ Tue, 18 Oct 2022 14:30:00 +0000 https://remedii.net/amada-senior-care-partners-with-zayzoon-providing-access-to-earned-wages-for-support-workers/ Amada Senior Care employees now have access to financial health with ZayZoon /EIN News/ — PHOENIX, Oct. 18, 2022 (GLOBE NEWSWIRE) — ZayZoon, the earned wage access provider for small and medium-sized businesses, today announced a partnership with Amada Senior Care, a company focused on enriching lives by providing compassionate, compassionate home care for the […]]]>

Amada Senior Care employees now have access to financial health with ZayZoon

/EIN News/ — PHOENIX, Oct. 18, 2022 (GLOBE NEWSWIRE) — ZayZoon, the earned wage access provider for small and medium-sized businesses, today announced a partnership with Amada Senior Care, a company focused on enriching lives by providing compassionate, compassionate home care for the elderly to ensure their staff have the financial flexibility they deserve. With more than 120 locations, thousands of Amada employees provide home care and assisted living services to seniors in 37 states.

Thirty-one Amada locations have already activated ZayZoon and more than 750 employees have signed up for instant access to their pay as they earn it, without having to wait for their regular paycheck. In addition to ZayZoon’s on-demand salaries, Amada staff also have access to free financial education and retailer rewards, which can save customers hundreds of dollars on everyday purchases.

“We wanted to provide our employees with a benefit that is accessible to all and desired by most. ZayZoon is a completely standalone solution that has proven impact in improving retention, which made it easy to decide to offer this benefit to our staff,” said Rick Basch, chief operating officer of the Amada Senior Care franchise.

ZayZoon makes its products available to all employees, whether hourly or salaried. In a world where there are many ticked benefits available that don’t offer much benefit, it’s common for a company to have over 30% of its workforce using ZayZoon on a regular basis. In a survey, 89% of customers said ZayZoon helped them reduce financial stress.

About Amada Senior Care
Amada Senior Care, formerly Amada Home Care, was founded in 2007 by college friends Tafa Jefferson and Chad Fotheringham. Today, Amada Senior Care has more than 120 locations across the United States and is committed to enriching lives by providing caring, compassionate home care for seniors and guiding families through the many housing options. for seniors available for assisted living. Healthcare professionals and families turn to Amada to help them navigate the complexities of the senior care system.

About ZayZoon

ZayZoon is on a mission to improve employee health through the use of responsible financial products. Unfortunately, millions of Americans rely on predatory products like payday loans and overdraft fees to bridge the paycheck gap created by predetermined payroll cycles. With their products including on-demand salaries, financial education, and retail rewards, ZayZoon helps break this cycle. ZayZoon’s on-demand access to salaries helps reduce financial stress and improve job satisfaction and productivity.

Contact information:
Shannon Dougall
Senior Vice President, Marketing
shannon.dougall@zayzoon.com

This content was posted through the press release distribution service on Newswire.com.


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