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Square’s Cash App testing short-term loans of up to $200

Square’s Cash App testing short-term loans of up to $200

Cash App, Square's mobile payment app, is currently experimenting with short-term loans of up to $200. Given the state of the economy right now, this might come in handy for some. That said, the interest rates start stacking up pretty quickly if not paid off after a month.

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181

Opera reportedly has multiple predatory loan apps in the Play Store with interest rates of up to 876% (Update: Apps updated)

Opera reportedly has multiple predatory loan apps in the Play Store with interest rates of up to 876% (Update: Apps updated)

It's no secret that Opera isn't doing so well in the era of Chrome dominance. According to a report published by Hindenburg Research, the company's losses in browser revenue have apparently led it to create multiple loan apps with short payment windows and interest rates of ~365-876%, which are in violation of new Play Store rules Google enacted last year.

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