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New US Businesses Up 12 Pct, Highest Since 2007

PYMNTS

It’s the most since 2007, WSJ writes. based Danielle Payton, who started an online fitness program called Kuudose, and Wisconsin-based Ian Oestreich, who started a bike mechanic business. based Madison Schneider, 22, who opened a coffee shop called Lela’s Bakery and Coffeehouse just this month. Other examples cited included Miami, Fla.-based

US 218
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Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens

PYMNTS

But they show an increasing interest in online banking, an attempt to grow savings — and a higher debt burden. Online Banking . The Fed also delved into whether use of online banking during 2016 to 2019 had reduced use of banking services in a physical setting. percent in 2007. percent in 2007. Overall, 98.7

Survey 131
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Virginia Sues Online Lender Over Consumer Loans

PYMNTS

Virginia is suing one of the largest online lenders in the U.S. In the newspaper’s story, Attorney General Mark Herring advocated for stronger laws to “protect Virginians from predatory loans, whether issued online or in person.”. after reportedly charging Virginians millions in interest and fees.

Virginia 108
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Singapore’s HIV Registry Data Exposed Online

PYMNTS

million people were compromised, Singapore’s Ministry of Health said the personal details and HIV-positive status of 14,200 people were placed online. It also has information on 8,800 foreigners up until December of 2011 and 2,400 contact up to May of 2007, noted TechCrunch. TechCrunch reported that Mikhy K.

Online 122
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New Study Suggests Online Lenders Target Vulnerable Consumers

PYMNTS

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

Study 100
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Banking in the â??era of the digital reflexâ??

Bobsguide

In 2007, when the first-generation iPhone was initially released, only a quarter of the European population banked online. Since then, our relationship with technology and applications throughout all aspects of our lives has rapidly evolved. Fast-forward to 2020 and the use of mobile.

Mobile 147
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No Candy: Godiva To Close US Stores

PYMNTS

retail presence in recent decades, is reversing course and closing all its North American brick-and-mortar locations, according to numerous online news sources citing a company statement. in 2007 for $850 million, according to Bloomberg. Godiva, the maker of high-end chocolates that significantly expanded its U.S.