Italy Acts Quickly, Deploying Navy to Safeguard Merchant Ships from Houthis

Italy Acts Quickly, Deploying Navy to Safeguard Merchant Ships from Houthis

Italy Prepares Naval Deployment to Protect Shipping Lanes Italy is taking matters into its own hands regarding the safety of its merchant vessels. Defense Minister Guido Crosetto announced on Thursday that the country will deploy navy ships to the Bab el-Mandeb Strait without waiting for the slow-moving European Union bureaucracy. Recently, the Iran-aligned Houthi insurgents […]

No, Texas Has Not Prohibited Merchant Cash Advances

No, Texas Has Not Prohibited Merchant Cash Advances

Texas Sales-Based Financing Update When Texas introduced HB700 last June, deBanked noted that a significant part of the legislation imposes a ban on automatic debits from recipients’ savings accounts by commercial financial providers. Some critics quickly dismissed our perspective, arguing that the analysis regarding merchant cash advances (MCAs) was flawed. However, we believe the ban […]

Exploring the rivalry between the Merchant Marine and the Coast Guard

Exploring the rivalry between the Merchant Marine and the Coast Guard

This game is sure to be remembered for a long time. On Saturday, the 6-2 U.S. Merchant Marine Academy will head to Boston to face off against the 7-2 U.S. Coast Guard Academy at Fenway Park. Both Division III rivals, who share a deep bond as comrades at sea, are vying for the honor of […]

PayPal hit with ‘system issue’ affecting merchant payments

PayPal announced Thursday that it is “experiencing a system issue” that appears to be interfering with merchants' ability to process payments. The San Jose, California-based technology giant published an incident report on its website Thursday, saying the outage “may be impacting multiple products in production.” “Sellers may encounter a number of error messages.” PayPal announced […]