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Google steadily closing net on financial services industry

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17 December 2019

A large number of companies in the
financial services sector may soon find themselves cut off
from Google advertising as the search engine giant rolls out
new restrictions and policies, an Auckland agency is
warning.

CEO of digital marketing agency Insight
Online
, Kim Voon, says that the financial services
industry already pays far higher rates for Google
advertising than most others, but some may soon be outright
barred.

“Credit repair is not a big industry in New
Zealand, but there are good providers and not so good.
Google has recently outright barred them from advertising,
with the exception of some countries where companies can
apply for exemption — such as Australia. New Zealand is not
one of those countries.

“Other industries dealing with
Google restrictions including foreign exchange brokers and
the cryptocurrency sector. Even local firms that comply with
the Financial Markets Authority requirements can’t
necessarily advertise.”

Voon said for some, Google’s
actions were a good thing.

“I think cutting out loan
sharks would be a good thing because it helps protect a
vulnerable sector of the community. However, the problem is
that Google is a big machine that casts a wide net and it’s
inevitable that legitimate and ethical companies will be
caught up and disadvantaged.

“Google’s most recent
restrictions apply to debt settlement, debt management
services and credit repair services, but there will be more
to come.”

Voon says the best way for companies in the
financial sector, particularly those operating on the fringe
of the industry, should familiarise themselves with current
advertising restrictions and keep tabs on Google’s policy
updates.

“For many financial firms, Google Ads advertising is their
lifeblood and the last thing they can afford is for this to
be cut-off overnight — but it could happen.”

He offers
the following advice to companies in the finance
sector:

1. Familiarise yourself with Googles’ current
restrictions on financial services.

2. Monitor the
situation ongoing because even companies that have so far
escaped Google’s policy changes could be impacted down the
line.

3. Take expert advice on what options are
available.

3. Establish channels for appeal and follow
through with them.

“Google is big and it is difficult to
deal with, but if you are persistent you may find that
somebody listens somewhere along the line,” Voon says.

For
more information visit: https://insightonline.co.nz/

Ends.

© Scoop Media

 

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California’s vague new financial regulation law – Whittier Daily News

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Assembly Bill 1864 didn’t get much media or public attention as it zipped through both houses of the Legislature on the last day of the 2020 session.

Superficially, it appeared merely to reconfigure the state’s financial regulatory agencies into a new entity called the Department of Financial Protection and Innovation.

However, those in California’s vast financial industry were paying lots of attention because the bill creates an entirely new regulatory regime with broad powers, including fines of up to $1 million a day, to police financial players that hitherto have had little oversight.

The official rationale for the legislation is that President Donald Trump’s administration neutered the federal Dodd-Frank Wall Street Consumer Financial Protection Act of 2010, so the state must step in with an equivalent to guard against predatory financial practices that harm consumers.

The new California Consumer Financial Protection Law gives the reconstituted agency authority to go after “abusive practices” whose definition in the law is fairly vague. Thus, the agency itself will define the term as it also decides which businesses will face its scrutiny.

It appears that the new law will affect firms involved in debt settlement, credit repair, check cashing, rent-to-own contracts, payday lending, student loan servicing and financing for retail sales. However, its primary target seems to be financial services offered by non-banks, particularly what are called “fintech companies” that offer bank-like services via the Internet without maintaining physical offices.

Fintechs, many of them based in the San Francisco Bay Area, have blossomed in recent years as part of the digital economy, competing with traditional brick-and-mortar banks. Their disruptive nature is not unlike the challenge that technology-based ride services such as Uber and Lyft pose to taxicabs and buses.

Late-blooming changes in AB 1864 exempted traditional financial firms that are already regulated, such as banks and credit unions, from the new consumer protection law, leading some analysts to conclude that its unstated aim is to help them stave off competition from new kids on the financial block.

The vagueness of the new law was encapsulated in what Gov. Gavin Newsom said during a signing ceremony. The new law and the new department, he said, will “create conditions for innovation to flourish in a way where we can steward that and we can just work against its excesses. So we support risk-taking, not recklessness.”

Newsom also signed two other financial protection measures, one that requires debt collectors to be licensed beginning in 2022 and the other creating a Student Loan Borrower Bill of Rights.

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397 people register to vote on deadline day at Duval Supervisor of Elections – 104.5 WOKV

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JACKSONVILLE, Fla. — Monday, Oct. 5 at midnight, is the deadline to register to vote in Duval County.

But the Supervisor of Elections helped hundreds of people get registered today.

Robert Phillips, the chief elections officer of the Duval Supervisor of Elections, told Action News Jax’s Courtney Cole that 397 people came down to the Supervisor of Elections in downtown Jacksonville to get registered.

Supervisor of Elections staff assembled tents outside to allow people to register to vote without having to go through the COVID-19 prescreening necessary to enter the building.

“Again, 2020 has thrown us some challenges,” Phillips said.

There was even a little rain thrown into the mix today, but it didn’t stop folks from coming out.

“Out here, we have a lot of activity. We’ve been going since first thing this morning,” Phillips told Action News Jax.

There were people of all ages from all walks of life — some even registered for the very first time like Lemark Jamison.

Monday, Oct. 5, is a day he will always remember.

“It feels awesome, you know? It feels awesome,” Jamison told Cole.

Today, Jamison had the opportunity to register to vote for the first time in Florida.

“I’ve worked for voter registration companies. I’ve done advocating for Amendment 4, but I was never able to vote because of my prior background. But now I can,” Jamison said.

Jamison, the owner of a tax and credit repair business, told Cole his prior felony conviction held him back in the past.

In November 2018, more than 60% of Floridians voted to restore voting rights to more than 1 million people who completed their sentences.

But several months later, legislation was passed that required them to pay all financial penalties, which means thousands lost the right as quickly as they gained it.

“I’ve been contributing to society. I’ve been able to have several businesses. And I pay taxes. But I haven’t been able to, when it comes to voting, whether in a local level or any type of legislature — I haven’t been able to vote,” Jamison said.

The 35-year-old told Cole even though his wife helped him fill out his voter registration form — to which he exclaimed, “Thank God for wives, right?” — he told Cole it was pretty easy.

Now, he has this advice to share with other people who may be in his shoes:

“Get out and vote. Take advantage of this opportunity, regardless of who you plan on voting for.”

Here’s a breakdown from the Supervisor of Elections of how the 397 people registered today:

-56% registered as Democrats.

-21% registered as Republicans.

-22% registered as nonparty affiliates.



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Credit360 Now Providing Credit Repair Services in Orlando

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One of the nation’s finest in personal and business credit solutions has expanded its services in Florida.

MIAMI, FLORIDA, UNITED STATES, October 23, 2020 /EINPresswire.com/ — Representatives with Credit360 announced today that it is now providing credit repair services in Orlando.

“We are very excited to now offer our life-changing services in Orlando,” said Andre Coakley, Founder & CEO of Credit360, a company with an elite team of credit experts that know exactly what techniques will assist individuals and businesses with increasing their credit scores to meet their goals. “We are here to help you achieve your optimal credit profile by making the credit repair process convenient, individualized, and effective.”

Credit360’s specialized credit repair processes, credit expertise, and guaranteed customer service, company representatives say, make it the best in the industry.

Coakley explained that Credit360 has had the opportunity to help thousands of Americans correct their credit reports. In fact, Credit360, Coakley stressed, is a company that puts its money where its mouth is and only charges a fee when items are deleted, removed, or repaired from individuals’ credit reports.

“With our services, you will no longer have to use other expensive credit repair companies that charge monthly and don’t even produce results,” Coakley promised, before adding, “We are so confident in our advanced disputing tactics that we will allow you to pay for your deletions after you actually see our results and we even give you a 100 percent money-back guarantee to back it up just so you can relax.”

Coakley went on to reiterate that Credit360 is an elite team of credit experts that know exactly what techniques will assist customers with increasing their credit scores to meet their goals.

“With our services, most of our clients see deletions within the first 45 days of enrollment and usually see an average increase of 93 points throughout their program cycle,” Coakley said.

For more information, please visit https://www.credit360.biz/about-us and https://www.credit360.biz/blog.

###

About Credit 360

Credit360 was established to assist individuals in restoring their personal credit and in offering a complete line of business credit solutions. Credit360 is a financial services firm specializing in credit restoration and business consulting services.

Contact Details:

Andre Coakley

10664 SW 186th Street
Miami, FL 33157

Phone: 305-235-4848

Source: Credit360 Credit Repair

Andre Coakley
Credit360 Credit Repair
+1 305-235-4848
email us here
Visit us on social media:
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