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  • HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend

    HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend0

    HSBC Holdings PLC (LON:HSBA) logged a sharp jump in its fourth-quarter profit on Tuesday as rising interest rates greatly boosted its net interest income, while the bank also flagged a special dividend on the sale of its Canadian business. HSBC’s profit before tax for the three months to December 31 jumped 92% to $5.2 billion,

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  • CFPB Study Outlines Need for “Buy Now, Pay Later” Rules

    CFPB Study Outlines Need for “Buy Now, Pay Later” Rules0

    Researchers found BNPL often relies on data collection and other consumer risks. The Consumer Financial Protection Bureau (CFPB) is gearing up to place the same type of stringent protections it places on credit card companies on the “Buy Now, Pay Later” (BNPL) industry, following the release of a recent study on the practice. Officials said

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  • California to Tax Biden’s Student Loan Forgiveness

    California to Tax Biden’s Student Loan Forgiveness0

    What makes California’s decision somewhat surprising is that even though its existing statutes indicate taxability for student loan forgiveness, state consensus previously ran in the opposite direction. Nevertheless, according to the Tax Foundation, it has confirmed that discharged student loan debt will be taxed under current California law. Additionally, existing state provisions exempting student loans

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