7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The future looks grim for payday lenders. Comedian John Oliver has had them in his crosshairs since 2014, attracting millions of viewers and stirring up plenty of outrage. President Obama began expressing concerns about their exploitative lending practices last spring. Google announced last month that it would no longer allow payday lenders to advertise. And now federal watchdogs have unveiled new rules that would dismantle a business model that often traps borrowers desperate for cash in cycles of spiraling debt.“The very economics of the payday lending business model depend on a substantial percentage of borrowers being unable to repay the loan and borrowing again and again at high interest rates,” Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), told the New York Times.Payday lenders say the risks associated with serving subprime borrowers justify their practices (20% of payday loans result in re-borrowing and default). But regulators aren’t buying that argument and an increasing number of financial technology startups are reinventing the lending business with a model that promises to help borrowers and build their credit at the same time.“I applaud what the CFPB is doing,” says Joe Bayen, cofounder and CEO of a fintech startup called Lenny, which offers young borrowers credit lines up to $1,000 and a chance to improve their credit scores through a partnership with FICO. “We offer increasing balances based on how a user behaves. Everything is aimed at upward mobility and helping people.” continue reading »
Written By First Published: 5th October, 2019 20:31 IST COMMENT Adil Khan LIVE TV Last Updated: 5th October, 2019 20:31 IST Brock Lesnar To Bobby Lashley, Wrestlers Who Have Excelled Outside WWE WWE: Professional wrestling sometimes takes over a wrestler’s life and they decide to leave the company and try something else. Here’s a list of wrestlers. Also Read l WWE: Brock Lesnar Defeats Kofi Kingston In Seconds To Win The TitleBobby LashleyBobby Lashley has done a lot outside the ring, he has previously won 3 NAIA championships, 4 NAIA All-American championships, 3 International Military Sports Council championship and many more. Apart from that, he has also won many wrestling championships while serving for the US Army, However, he was not able to represent his country at the Olympics as he was injured a few days before the event in a bank robbery. After that, Lashley made his career in MMA, WWE and TNA. Though his MMA career was short-lived, he became the TNA champion numerous times. These days he is dominating the WWE ring with is raw power.Also Read l WWE SmackDown: Cain Velasquez Enters The Ring To Destroy Brock LesnarKurt AngleMany know about how legendary was Kurt Angle’s career in WWE, but only a few may know that he has done incredibly well outside the ring too. Before joining WWE, he won many awards in his amateur wrestling career. He is a 2-time NCAA Division-1 Heavyweight Wrestling Champion and a gold medallist in freestyle wrestling at 1995 World Wrestling Championships. But his is most noteworthy win apart from WWE championship title was winning a Gold medal in freestyle wrestling at the 1996 Summer Olympics.Also Read l WWE SmackDown Results, October 4: Winners, Grades And Other Details WATCH US LIVE Professional wrestling sometimes takes over a wrestler’s life and they decide to leave WWE and try something else. The biggest example of this is former WWE wrestler CM Punk who left WWE because of some conflict with WWE officials. CM Punk then decided to fight in Ultimate Fighting Champion (UFC) but lost his debut match, he then started making comic books, commentating at shows and movies. Though he has left WWE, he is still known to be one of the greatest WWE wrestlers and whenever he decides to come back, fans would welcome him with open arms. Apart from CM Punk, many WWE superstars have tried their luck in other areas.Also Read l WWE SmackDown: Braun Strowman Vs Tyson Fury, Will It Happen?Brock LesnarThe most known WWE wrestler to try in other sport is Brock Lesnar. The Beast has dominated both the WWE Ring and UFC Octagon in the past. Fans believe that Brock is one of the best crossover stars in the history of mixed martial arts. In his early days, Brock Lesnar won a lot of titles in WWE and later went on to become the Heavyweight Champion in UFC. Now that he has returned to WWE, he still performs at his highest level and still has a lot of fan following. Without a doubt, Brock Lesnar is the benchmark for all the future wrestlers who want to dominate either WWE or UFC or both. SUBSCRIBE TO US FOLLOW US
The NFL doesn’t suffer from the same talent gap as college football. The Chiefs and 49ers don’t get the first two picks in the 2020 NFL Draft. It’s not a comparison that fits, because college football relies on recruiting more than anything else.Five schools have mastered that in the CFP era. They continue to stockpile the nation’s best players at programs that are ready-made for national title runs. College football is cyclical, sure, but look how long Saban has kept the wheels spinning in Tuscaloosa. Swinney, Day, Smart and Orgeron are rolling, too.If you want to break the wheel, then you have to find a way to consistently break up those teams in recruiting. Until that happens, expect more of the same in January. National Signing Day affirmed what continues to be the overwhelming theme of the College Football Playoff era. Only a select few schools can truly say they can win a national championship.Those schools — there are five — are, unsurprisingly, at the top of 247Sports’ Composite team rankings for the 2020 recruiting class. And they are going to dominate the sport again in 2020 and beyond. You don’t have to wait until next January to complain about it. Just look at what Alabama, Georgia, Clemson, LSU and Ohio State are doing on the recruiting trail: Those five schools combined to reel in 19 five-star recruits and 72 four-star recruits (14.4 per school) in this year’s class.MORE: Georgia, Alabama once again lead top-10 recruiting classesThe schools comprising the rest of the top 25 totaled 10 five-star recruits (Oregon landed three) and 206 four-star recruits, an average of 10.3 per school.Those five powerhouses have the most difference-makers, and that accumulation of talent — even if it’s one five-star recruit and three four-star recruits per cycle — continues to create a gap in the competition that shows on fall Saturdays. Yes, the rankings matter. Until there’s a sizable shift in recruiting between the haves and have-nots, don’t expect anything to change in the CFP era, even if it expands to eight teams. Consider the following trends:— Alabama has eight No. 1 classes since 2011, and the classes continue to remain strong under Nick Saban. Even if the Tide didn’t finish with the top class in 2020, they’re continuing the greatest continuous recruiting run of all time. Five-star quarterback Bryce Young, the No. 2 overall player in the class of 2020, should keep that going.— Georgia has put together four straight top-five recruiting classes under Kirby Smart, including the No. 1 class in 2018 and, now, 2020. Florida finished No. 8 this year — its highest mark in that four-year stretch.— LSU is back in the top five for the first time since 2017 after winning the CFP championship under Ed Orgeron. The Tigers have put together back-to-back top-five classes, which was the standard under Les Miles and Saban before that.— Clemson brought in the most five-star recruits (five) this cycle, including quarterback DJ Uiagalelei. Dabo Swinney is recruiting at the highest level, and nobody else in the ACC has a top-10 class.— Ohio State didn’t drop off from the Urban Meyer recruiting level with Ryan Day. The Buckeyes landed three five-star recruits, while Penn State and Michigan failed to land a single five-star player in this cycle.The rich got richer, and it’s easy to see why. Those five schools can offer the best chance at a national championship, complemented with the best three-year developmental plan to the NFL. All five were among the top 10 highest-producing schools when it came to NFL Draft picks in the 2010s. It’s a safe bet they’ll start this decade with the top five spots.MORE: Updated top-100 recruit rankings for 2020They do it better than everybody else, and are pulling away from everyone else trying to break through. Is anybody close even close?— Oregon might be the best longterm bet, considering how well Mario Cristobal has done in the Pac-12 (and how well he has recruited California).— Oklahoma and Texas have each put together three straight top-10 classes in the Big 12, but they must be in the top five more often. The Big 12 remains the only Power 5 conference that has not won a Playoff game.— Notre Dame has not had a top-five class since 2013.— Penn State and Michigan are the next-best bets in the Big Ten, but both slipped out of the top 10 this year.— Texas A&M, Auburn and Florida have the sixth-, seventh-and eighth-ranked 2020 recruiting classes, and are still trying to catch up in the SEC. Those are ranked fourth, fifth and sixth in the SEC, respectively.Those nine schools have combined for one Playoff victory since 2014. Not a national championship — a single Playoff victory, which came when Oregon beat Florida 59-20 in the first-ever Playoff game. The Ducks were then routed by Ohio State 42-20 in the first Playoff championship game. The Buckeyes had better players and better recruiting classes.Those five schools have accounted for 11 of the 12 Playoff championships appearances, too.MORE: Updated recruiting class rankingsIs that bad for college football? That depends on whom you ask. The championship games are heavyweight fights, flush with NFL talent. But they have also become regionalized and repetitive over the last five years. An eight-team Playoff field would help freshen up the field, but it wouldn’t eliminate the lack of parity. You still have to beat those five schools.Fans expecting something in the realm of the NFL playoffs would be sorely disappointed. Upsets such as Tennessee-Baltimore in the AFC divisional playoffs happen at the NFL level. At the college level, Tennessee hasn’t beaten Alabama since 2006.