Default risks soar in minority neighborhoods during challenging economic times because, data shows, homes there are overpriced relative to incomes. Zoning and other changes could make loans more affordable by boosting housing stock and driving down prices.
Topshop and Burton owner expected to enter administration within hours
The Arcadia boss, Sir Philip Green, is under pressure from MPs and unions to use his private fortune to “make good” the huge shortfall in his retail empire’s pension scheme ahead of the company’s expected collapse into administration.
The owner of household names including Topshop, Topman, Miss Selfridge, Dorothy Perkins and Burton is expected to enter administration in the coming hours after the weekend failed to bring a last-minute rescue deal for Green’s retail businesses.
Leigh-Ann Jackson writes for The New York Times about The Verge editor in chief Nilay Patel and his typical day during the pandemic. Jackson writes, “Nilay Patel misses laughing at headline ideas and goofing around in the...
Lanistar, the fintech whose launch was marred by an authorisation warning, is under investigation from the Advertising Standards Authority (ASA).
First reported by Financial News, the regulator says it “received complaints about ads for Lanistar”.
The fintech’s high-profile, influencer-led launch on Instagram from 15 November featured many high-profile celebrities and sports stars. Promoters were reportedly promised a stake in the company. It’s unclear how many of the 3,000 people are stakeholders.
The ASA says it can’t “currently provide a definitive comment about what aspects of their [Lanistar’s] activity will fall under FCA or ASA regulation.”
“We’re currently assessing them to establish remit and next steps,” an ASA spokesperson confirmed to FinTech Futures.
“It appears that there are elements here that potentially fall under our remit. But there is also crossover with the FCA [Financial Conduct Authority].
“As part of our assessment of complaints, we’ll be having discussions … Read the rest