European Union

Update of the law on the protection of privacy: European Commission adopts new standard contractual clauses for transfers of personal data | Saul Ewing Arnstein & Lehr LLP

On June 4, 2021, the European Commission adopted new sets of standard contractual clauses (new CCNs) that organizations can use when transferring personal data protected by the General Data Protection Regulation (GDPR) to countries outside the European Union (EU). The new SCCs were long overdue, but their issuance creates a …

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Payday Loans Fast Money Comes At A High Price

Mary Love borrowed $ 400 from a payday loan store in Louisville to help cover her living expenses ten years ago. Charges were added to her debt every two weeks, and Love struggled to pay off the principal. “I never caught up enough time to pay them back,” she said. …

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Marcus Personal Loan Review 2021

Benefits explained No charges – Marcus professes that when you take out a loan, you only repay the balance of the principal and the interest. Nothing else. There is no charge. 0.25% automatic payment discount – If you sign up for automatic payment, you will benefit from a 0.25% discount …

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Finance Ministry begins annual exercise to review loan guarantees, aims to “avoid default”

The finance ministry on Tuesday asked all government departments and ministries to review guarantees against various loans they have issued. The ministry said government guarantees are “contingent liabilities and must be properly monitored to avoid defaults” by borrowing entities. “The follow-up or review undertaken should examine whether the borrower is …

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