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Pawn Shops, Payday Lenders Benefit From Gov’t Shutdown

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The partial government shutdown, which is now in its fourth week with no sign of ending, is helping out at least two industries: pawn shops and payday lenders. Without income coming in, some of the hundreds of thousands of government workers are turning to pawns shops and payday lenders to help them get by. Meanwhile EZ Corp.,

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PenFed’s Playbook On Helping Government Workers Survive Shutdowns

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From cannabis legalization to the federal shutdown, government actions are reshaping financial circumstances for consumers and businesses alike. How PenFed Kept Financial Doors Open During the Government Shutdown. During the recent 35-day government shutdown, CUs like D.C.

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Government Shutdown Will Force Suspension Of FTC Facebook Investigation

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The Federal Trade Commission, which was conducting a probe into Facebook and its practices, will be forced to shutter the investigation due to the government shutdown, according to a report by The Washington Post. FTC workers aren’t allowed to do any work on the probe while the shutdown is in progress.

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Regulators Ask Banks To Go Easy On Govt. Workers During Shutdown

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11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. Federal Reserve Chairman Jay Powell discussed the effects that a long-term shutdown could have on the economy. A longer shutdown is something we haven’t had,” he said. “If As Friday (Jan. On Thursday (Jan.

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NY Fed President: Gov’t Shutdown Could Hinder Economic Growth

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18) that the shutdown has become a hindrance for the economy, Financial Times reported. With an audience of the New Jersey Bankers Association, Williams noted that policymakers at the Fed had noticed “some emerging headwinds to growth from the partial government shutdown ” in addition to “geopolitical uncertainties.”

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Furloughed Government Workers Moonlight With Uber

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With the partial shutdown in the Federal government now in its 33rd day, furloughed workers are freelancing with Uber, the ride-hailing company, to shore up cash. With about 800,000 government workers about to miss their second paycheck since the shutdown began, struggling workers are turning to different services to survive.

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China Likely To See More P2P Shutdowns This Year

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China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. billion yuan (US$70.4

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