tyb
Whitehorse Finance 10% owner sold $65.8m in shares-June 14
WhiteHorse Finance, Inc. is a non-diversified, closed-end management investment company. The Company is a direct lender targeting debt investments in privately held, small-cap companies located in the United States. The Company's investment objective is to generate attractive risk-adjusted returns primarily by originating and investing in senior secured loans, including first lien and second lien facilities, to performing small-cap companies across a range of industries that typically carry a floating interest rate based on the London Interbank Offered Rate (LIBOR) and have a term of 3 to 6 years. The Company may also make investments at other levels of a company's capital structure, including mezzanine loans or equity interests. The Company also may receive warrants to purchase common stock in connection with its debt investments. Its investment advisor is H.I.G. WhiteHorse Advisers, LLC.
https://www.marketscreener.com/WHITEHORSE-FINANCE-INC-12111063/company/
book tied to LIBOR moar or less, no wonder they are selling-kek
https://www.secform4.com/insider-trading/1552198.htm
yeeeea…NO
Treasury Department recommends ‘mandatory’ financial literacy courses for college students
Colleges should provide lessons in mandatory financial literacy courses and financial-aid letters that itemize attendance costs, according to a new report from a federal government commission.
The Financial Literacy and Education Commission — a group including the Treasury Department and the Department of Education — said such best practices are especially important now that Americans have become bogged down in $1.5 trillion in student-loan debt.
“Helping students and their families avoid the pitfalls associated with financing higher education, and empowering them to make optimal financial choices, should be a priority of all institutions of higher education,” said the report released Friday. Excessive debts can stunt budding careers and possibly cut into future savings, the commission said.
• Financial-aid offer letters should have “an itemized and sub-totaled cost of attendance” that discusses the direct costs paid to colleges for things like tuition and other indirect costs. The costs should also be calculated “after grants and scholarships are applied.” Currently, “award letters are sometimes unclear, leaving students with inadequate information to make financial decisions.”
• There should be a “broad adoption” of debt letters in higher education. The letters tell student borrowers the debts they’ve incurred annually and what their expected future repayment amount will look like. Debt letters are already required in 12 states. The letters should spell out repayment options, estimate how much interest will pile up if payments are deferred and provide average entry-level salaries for graduates with the same sort of major.
• Financial literacy courses should be required. If classes are optional, they might not “reach students who may be unaware of them or who do not value the benefits of financial education.” The report admitted it could be tough finding the right teachers because the subject isn’t a focus at most schools. Alternative instructors could be trained students, financial-aid officers and outside financial professionals, the report said.
Mark Brown, chief operating officer at Federal Student Aid, an office of the U.S. Department of Education, said, “The Department is committed to improving student financial literacy so students and their families are empowered to make better and more informed decisions about their education.”
He added, “The department also plays a critical role in financial literacy and that is why we are implementing the Next Gen FSA initiative and modernizing the user experience to include personalized tools regarding student borrowing and financial decisions.”
The report comes while many Americans are struggling with their debt obligations — not to mention a grasp of financial literacy basics. A mere 28% of students could correctly answer three questions on inflation, interest and risk diversification, it added. Students had slim understanding of their education loans, the report noted.
That dearth of knowledge is on display elsewhere. About half of college students in a 25,000-student survey answered two or fewer questions correctly on a recent six-question quiz.
Some higher education institutions are already teaching financial skills — including Harvard University. Billy Hensley, president and CEO of National Endowment for Financial Education, said there’s national momentum for teaching more financial skills on campus. Apart from higher education, there are 19 states with financial literacy education requirements for kindergartners through twelfth graders, he noted.
Lawmakers required the Financial Literacy and Education Commission, a 16-year-old entity, to report on best practices for college financial literacy in connection with a 2018 law amending parts of the 2010 Dodd-Frank Act.
Treasury Secretary Steven Mnuchin said, “It is vital for our higher education institutions to offer students the resources and information they need to make financial decisions that best fit their needs and career aspirations.” The report, according to him, was a “great guide for colleges and universities to help them improve their students’ financial outcomes.”
Rachel Fishman, deputy director for higher education research at the think tank New America, said the recommendations were a good step, but only went so far.
The report reflected a “general sense there’s a student-loan crisis going on” — and it’s hitting some segments harder than others, such as African-American borrowers.
https://www.marketwatch.com/story/treasury-dept-says-student-debt-crisis-is-so-bad-that-financial-education-should-be-mandatory-for-college-students-2019-06-17
Mastercard will now allow transgender customers to use their preferred names on debit and credit cards
Mastercard has adopted a new policy aimed at reducing a major source of stress for transgender and non-binary consumers.
The company is introducing the “True Name” card, which will allow card holders to choose for their preferred name to appear on their credit and debit cards even if it does not match their legal name.
The company is in the process of developing “a sensitive and private process free of personal questions” in coordination with issuers to allow consumers to choose what name they want to appear on the card, the company said.
Ultimately, individual debit- and credit-card issuers will be the ones to implement Mastercard’s policy. However, credit-card experts expected widespread adoption of this policy — not only by banks, but also Mastercard’s competitors such as Visa, American Express and Discover
“This new initiative is a good thing emotionally and psychologically,” said Ted Rossman, industry analyst at CreditCards.com. “This feels like a good common-sense initiative that others can and should get on board with.”
While well-meaning, the new policy could still have some unintended consequences for consumers who opt to list a name on the credit or debit card that differs from what’s on their state-issued ID.
“Airline loyalty accounts typically require you to use your legal name that is on your driver’s license or passport,” said Matt Schulz, chief industry analyst at CompareCards “If you want to collect rewards points with your credit card and have them match with an airline loyalty account, you will have to have your legal name with that credit card.”
Similarly, consumers could encounter issues on the off-chance a merchant asks to verify their credit or debit card against an ID, even though card issuers don’t require this.
Credit scores won’t be affected, however. They are connected to a person’s Social Security number and not their name, Rossman said.
Still, the move stands to eliminate a major pain point for transgender and gender-nonconforming consumers.
Only 11% of transgender Americans reported that all of their IDs had the name and gender they preferred, while only 44% had updated their name on a driver’s license or state-issued ID, according to a 2015 study from the National Center for Transgender Equality.
Meanwhile, nearly one-third of people who had shown an ID with a name or gender that didn’t match their gender presentation were verbally harassed, denied benefits or service, asked to leave or even assaulted.
Mastercard is not the first financial institution to update its policies to accommodate transgender and non-binary consumers. In 2017, HSBC began allowing account holders to choose from among 10 new gender-neutral titles, in addition to the convention titles such as Mr.., Mrs. and Ms.
https://www.marketwatch.com/story/mastercard-will-now-allow-transgender-customers-to-use-their-preferred-names-on-debit-and-credit-cards-2019-06-17?
dats rayyycist
EVERY….FUCKING….WEEK
https://www.finviz.com/insidertrading.ashx?oc=1294693&tc=2&b=2