Category: Commerce

MIL-OSI: Qifu Technology Announces First Quarter 2025 Unaudited Financial Results

Source: GlobeNewswire (MIL-OSI)

SHANGHAI, China, May 19, 2025 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2025.

First Quarter 2025 Business Highlights

As of March 31, 2025, our platform has connected 163 financial institutional partners and 268.2 million consumers^*¹ with potential credit needs, cumulatively, an increase of 11.1% from 241.4 million a year ago.
Cumulative users with approved credit lines^*² were 58.4 million as of March 31, 2025, an increase of 11.6% from 52.3 million as of March 31, 2024.
Cumulative borrowers with successful drawdown, including repeat borrowers was 35.5 million as of March 31, 2025, an increase of 13.8% from 31.2 million as of March 31, 2024.
In the first quarter of 2025, financial institutional partners originated 24,401,374 loans^*³ through our platform.
Total facilitation and origination loan volume^*⁴ reached RMB88,883 million, an increase of 15.8% from RMB76,784 million in the same period of 2024 and a decrease of 1.1% from RMB89,885 million in the prior quarter. RMB43,811 million of such loan volume was under capital-light model, Intelligence Credit Engine (“ICE”) and total technology solutions^*5, representing 49.3% of the total, an increase of 15.1% from RMB38,053 million in the same period of 2024 and a decrease of 8.3% from RMB47,796 million in the prior quarter.
Total outstanding loan balance^*⁶ was RMB140,273 million as of March 31, 2025, an increase of 5.5% from RMB132,964 million as of March 31, 2024 and an increase of 2.4% from RMB137,014 million as of December 31, 2024. RMB78,681 million of such loan balance was under capital-light model, “ICE” and total technology solutions, an increase of 11.4% from RMB70,641 million as of March 31, 2024 and a decrease of 1.2% from RMB79,599 million as of December 31, 2024.
The weighted average contractual tenor of loans originated by financial institutions across our platform in the first quarter of 2025 was approximately 10.17 months, compared with 10.10 months in the same period of 2024.
90 day+ delinquency rate^*⁷ of loans originated by financial institutions across our platform was 2.02% as of March 31, 2025.
Repeat borrower contribution^*⁸ of loans originated by financial institutions across our platform for the first quarter of 2025 was 95.1%.

^{1 Refers to cumulative registered users across our platform.}
^{2 “Cumulative users with approved credit lines” refers to the total number of users who had submitted their credit applications and were approved with a credit line at the end of each period.}
^{3 Including 2,022,501 loans across “V-pocket”, and 22,378,873 loans across other products.}
^{4 Refers to the total principal amount of loans facilitated and originated during the given period. Retrospectively excluding the impact of discontinued service, which did not have and is not expected to have a material impact on our overall business, financial condition, and results of operations.}
^{5 “ICE” is an open platform primarily on our “Qifu Jietiao” APP (previously known as “360 Jietiao”), we match borrowers and financial institutions through big data and cloud computing technology on “ICE”, and provide pre-loan investigation report of borrowers. For loans facilitated through “ICE”, the Company does not bear principal risk.}
^{Under total technology solutions, we have been offering end-to-end technology solutions to financial institutions based on on-premise deployment, SaaS or hybrid model since 2023.}
^{6 “Total outstanding loan balance” refers to the total amount of principal outstanding for loans facilitated and originated at the end of each period, excluding loans delinquent for more than 180 days. Retrospectively excluding the impact of discontinued service, which did not have and is not expected to have a material impact on our overall business, financial condition, and results of operations.}
^{7 “90 day+ delinquency rate” refers to the outstanding principal balance of on- and off-balance sheet loans that were 91 to 180 calendar days past due as a percentage of the total outstanding principal balance of on- and off-balance sheet loans across our platform as of a specific date. Loans that are charged-off and loans under “ICE” and total technology solutions are not included in the delinquency rate calculation.}
^{8 “Repeat borrower contribution” for a given period refers to (i) the principal amount of loans borrowed during that period by borrowers who had historically made at least one successful drawdown, divided by (ii) the total loan facilitation and origination volume through our platform during that period.}

First Quarter 2025 Financial Highlights

Total net revenue was RMB4,690.7 million (US$646.4 million), compared to RMB4,482.3 million in the prior quarter.
Net income was RMB1,796.6 million (US$247.6 million), compared to RMB1,912.7 million in the prior quarter.
Non-GAAP^*⁹ net income was RMB1,926.2 million (US$265.4 million), compared to RMB1,972.4 million in the prior quarter.
Net income per fully diluted American depositary share (“ADS”) was RMB12.62 (US$1.74), compared to RMB13.24 in the prior quarter.
Non-GAAP net income per fully diluted ADS was RMB13.53 (US$1.86), compared to RMB13.66 in the prior quarter.

^{9 Non-GAAP income from operations, Non-GAAP net income, Non-GAAP operating margin, Non-GAAP net income margin and Non-GAAP net income per fully diluted ADS are Non-GAAP financial measures. For more information on these Non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures Statement” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release.}

Mr. Haisheng Wu, Chief Executive Officer and Director of Qifu Technology, commented, “First quarter came in stronger than typical seasonal trend despite the ongoing macroeconomic challenges. We observed an increase in users’ activities early in the quarter as public sentiment slightly improved in response to the strong stimulus messages delivered by government officials. However, we remain prudent in our business planning as tariff-related economic uncertainties may persist throughout this year. We will continue to focus on improving the quality and sustainability of our business.

During the quarter, we issued a record amount of ABS as the overall funding environment remained supportive. As a result, the blended funding cost continued to decline sequentially. Approximately 56% of the quarter-end loan balance was under the capital-light model, ICE and total technology solutions, demonstrating the efficiency of our platform services. The contribution from non-credit risk bearing services also continued to help us mitigate certain risks in a challenging environment. During the quarter, nearly half of our new credit line users were acquired through embedded finance partners, which we also refer to as API channels, as we further diversify our user acquisition channels. Loan volumes through the API channels increased significantly in the quarter.

With the growing maturity and efficiency of large language models, we will continue to allocate more resources to the application of AI across our credit service offerings. We expect that these AI-powered tools will not only allow us to serve our users with better offerings at greater efficiency but also enable our financial institution clients to better utilize the cutting-edge AI technologies, through our open platform. We believe these efforts will enable us to better navigate through the current environment and position us well to capture long-term opportunities through innovative technologies, enhanced products and collaborative models.”

“We are pleased to start 2025 with another quarter of solid financial results despite an uncertain macro environment. For the first quarter, total revenue was RMB4.69 billion and Non-GAAP net income was RMB1.93 billion,” Mr. Alex Xu, Chief Financial Officer, commented. “During the quarter, we successfully completed the US$690 million convertible notes offering and it gave us ample resources to accelerate our share repurchase programs. Our strong financial position enables us to consistently execute our strategy, support business initiatives, and enhance returns to our shareholders.”

Mr. Yan Zheng, Chief Risk Officer, added, “In the first quarter, we maintained a relatively stable risk profile as users’ activities came in stronger than normal. Although overall risk performance fluctuated from the best level we achieved in the prior quarter, it remained well within our target range. Among key leading indicators, Day-1 delinquency rate^*10 was 5.0% in the first quarter, and 30-day collection rate^*11 was 88.1%. While macro volatility may induce short-term fluctuation in risk metrics, we look forward to maintaining relatively stable risk performance in the coming quarters as we seek growth opportunities in 2025.”

^{10 “Day-1 delinquency rate” is defined as (i) the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that was due for repayment as of such specified date.}
^{11 “30-day collection rate” is defined as (i) the amount of principal that was repaid in one month among the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that became overdue as of such specified date.}

First Quarter 2025 Financial Results

Total net revenue was RMB4,690.7 million (US$646.4 million), compared to RMB4,153.2 million in the same period of 2024, and RMB4,482.3 million in the prior quarter.

Net revenue from Credit Driven Services was RMB3,110.9 million (US$428.7 million), compared to RMB3,016.3 million in the same period of 2024, and RMB2,889.5 million in the prior quarter.

Loan facilitation and servicing fees-capital heavy were RMB429.8 million (US$59.2 million), compared to RMB243.8 million in the same period of 2024 and RMB363.0 million in the prior quarter. The year-over-year increase was primarily due to an increase in capital-heavy loan facilitation volume and longer effective loan tenor. The sequential increase was primarily due to the increase in effective loan tenor.

Financing income^*¹² was RMB1,817.2 million (US$250.4 million), compared to RMB1,535.0 million in the same period of 2024 and RMB1,667.3 million in the prior quarter. The year-over-year and sequential increases were primarily due to the growth in the average outstanding balance of the on-balance-sheet loans.

Revenue from releasing of guarantee liabilities was RMB778.2 million (US$107.2 million), compared to RMB1,166.0 million in the same period of 2024, and RMB761.8 million in the prior quarter. The year-over-year decrease was mainly due to the decrease in the average outstanding balance of off-balance-sheet capital-heavy loans during the period.

Other services fees were RMB85.6 million (US$11.8 million), compared to RMB71.5 million in the same period of 2024, and RMB97.4 million in the prior quarter. The year-over-year and sequential changes reflected the changes in late payment fees under the credit driven services due to changes in collection rates of late paid loans.

Net revenue from Platform Services was RMB1,579.8 million (US$217.7 million), compared to RMB1,136.9 million in the same period of 2024 and RMB1,592.8 million in the prior quarter.

Loan facilitation and servicing fees-capital light were RMB373.7 million (US$51.5 million), compared to RMB502.7 million in the same period of 2024 and RMB515.1 million in the prior quarter. The year-over-year and sequential decreases were primarily due to the decreases in capital-light loan facilitation volume.

Referral services fees were RMB1,004.6 million (US$138.4 million), compared to RMB548.8 million in the same period of 2024 and RMB907.2 million in the prior quarter. The year-over-year and sequential increases were mainly due to the increases in loan facilitation volume through ICE.

Other services fees were RMB201.5 million (US$27.8 million), compared to RMB85.4 million in the same period of 2024 and RMB170.5 million in the prior quarter. The year-over-year and sequential changes reflected trends in other value-added services and late payment fees.

Total operating costs and expenses were RMB2,716.0 million (US$374.3 million), compared to RMB2,789.1 million in the same period of 2024 and RMB2,591.9 million in the prior quarter.

Facilitation, origination and servicing expenses were RMB714.5 million (US$98.5 million), compared to RMB736.0 million in the same period of 2024 and RMB734.7 million in the prior quarter.

Funding costs were RMB122.7 million (US$16.9 million), compared to RMB156.0 million in the same period of 2024 and RMB126.8 million in the prior quarter. The year-over-year and sequential decreases were mainly due to lower average costs of ABS and trusts, partially offsetting by increases in fundings from ABS and trusts.

Sales and marketing expenses were RMB591.5 million (US$81.5 million), compared to RMB415.6 million in the same period of 2024 and RMB523.9 million in the prior quarter. The year-over-year and sequential increases were primarily due to the increase in the allocation of marketing resources to embedded finance channels and content feed advertisements to generate more effective leads.

General and administrative expenses were RMB196.5 million (US$27.1 million), compared to RMB106.4 million in the same period of 2024 and RMB156.1 million in the prior quarter. The year-over-year and sequential increases were primarily due to an increase in share-based compensations.

Provision for loans receivable was RMB823.2 million (US$113.4 million), compared to RMB847.9 million in the same period of 2024 and RMB598.4 million in the prior quarter. The year-over-year decrease reflected the Company’s consistent approach in assessing provisions commensurate with its underlying loan profile. The sequential increase was primarily due to an increase in loan origination volume of on-balance-sheet loans and the Company’s consistent approach in assessing provisions commensurate with its underlying loan profile.

Provision for financial assets receivable was RMB39.9 million (US$5.5 million), compared to RMB99.0 million in the same period of 2024 and RMB63.3 million in the prior quarter. The year-over-year decrease reflected the Company’s consistent approach in assessing provisions commensurate with its underlying loan profile. The sequential decrease was mainly due to the decline in capital-heavy loan facilitation volume.

Provision for accounts receivable and contract assets was RMB68.4 million (US$9.4 million), compared to RMB111.5 million in the same period of 2024 and RMB77.5 million in the prior quarter. The year-over-year and sequential decreases reflected the Company’s consistent approach in assessing provisions commensurate with its underlying loan profile and changes in capital-heavy and capital-light loan facilitation volume.

Provision for contingent liability was RMB159.3 million (US$22.0 million), compared to RMB316.7 million in the same period of 2024 and RMB311.4 million in the prior quarter. The year-over-year and sequential decreases reflected the Company’s consistent approach in assessing provisions commensurate with its underlying loan profile. The sequential decrease also reflected the decline in capital-heavy loan facilitation volume.

Income from operations was RMB1,974.7 million (US$272.1 million), compared to RMB1,364.1 million in the same period of 2024 and RMB1,890.3 million in the prior quarter.

Non-GAAP income from operations was RMB2,104.3 million (US$290.0 million), compared to RMB1,408.7 million in the same period of 2024 and RMB1,950.0 million in the prior quarter.

Operating margin was 42.1%. Non-GAAP operating margin was 44.9%.

Income before income tax expense was RMB2,220.2 million (US$306.0 million), compared to RMB1,526.2 million in the same period of 2024 and RMB1,932.7 million in the prior quarter.

Income taxes expense was RMB423.6 million (US$58.4 million), compared to RMB366.1 million in the same period of 2024 and RMB20.0 million in the prior quarter. The sequential increase was mainly due to the writeback of withholding taxes in the prior quarter related to the Company’s dividend payment and share repurchases, as the Company became eligible to a lower tax rate.

Net income was RMB1,796.6 million (US$247.6 million), compared to RMB1,160.1 million in the same period of 2024 and RMB1,912.7 million in the prior quarter.

Non-GAAP net income was RMB1,926.2 million (US$265.4 million), compared to RMB1,204.8 million in the same period of 2024 and RMB1,972.4 million in the prior quarter.

Net income margin was 38.3%. Non-GAAP net income margin was 41.1%.

Net income attributed to the Company was RMB1,800.2 million (US$248.1 million), compared to RMB1,164.3 million in the same period of 2024 and RMB1,916.6 million in the prior quarter.

Non-GAAP net income attributed to the Company was RMB1,929.8 million (US$265.9 million), compared to RMB1,208.9 million in the same period of 2024 and RMB1,976.4 million in the prior quarter.

Net income per fully diluted ADS was RMB12.62 (US$1.74).

Non-GAAP net income per fully diluted ADS was RMB13.53 (US$1.86).

Weighted average basic ADS used in calculating GAAP net income per ADS was 140.48 million.

Weighted average diluted ADS used in calculating GAAP and non-GAAP net income per ADS was 142.62 million.

Ordinary shares outstanding as of March 31, 2025 was 268,930,496.

^{12 “Financing income” is generated from loans facilitated through the Company’s platform funded by the consolidated trusts and Fuzhou Microcredit, which charge fees and interests from borrowers.}

30 Day+ Delinquency Rate by Vintage and 180 Day+ Delinquency Rate by Vintage

The following charts and tables display the historical cumulative 30 day+ delinquency rates by loan facilitation and origination vintage and 180 day+ delinquency rates by loan facilitation and origination vintage for all loans facilitated and originated through the Company’s platform. Loans under “ICE” and total technology solutions are not included in the 30 day+ charts and the 180 day+ charts:

http://ml.globenewswire.com/Resource/Download/528f864e-af49-4be7-b48b-b2650fa2808a

http://ml.globenewswire.com/Resource/Download/12433d9d-4214-431e-b551-59f682e1ed93

Update on Share Repurchase

On November 19, 2024, the Board approved a share repurchase plan (the “2025 Share Repurchase Plan”) whereby the Company is authorized to repurchase up to US$450 million worth of its ADSs or Class A ordinary shares over the next 12 months starting from January 1, 2025.

As of May 19, 2025, the Company had in aggregate purchased approximately 4.4 million ADSs on the open market for a total amount of approximately US$178 million (inclusive of commissions) at an average price of US$40.2 per ADS pursuant to the 2025 Share Repurchase Plan.

On March 25, 2025, the Board approved a new share repurchase plan (the “March 2025 Share Repurchase Plan”) whereby the Company is authorized to use to the net proceeds from the offering of convertible senior notes due 2030 to repurchase its ADSs and/or Class A ordinary shares, which runs in addition to the Company’s 2025 Share Repurchase Plan. On March 27, 2025, the Company announced the completion of the offering of the convertible senior notes in an aggregate principal amount of US$690 million due 2030. Concurrently with the pricing of this offering, the Company repurchased approximately 5.1 million ADSs with an aggregate value of approximately US$227 million at a price of US$44.23 per ADS. The Company expects to use the remaining net proceeds, which is approximately US$450 million, from the offering of the convertible senior notes to repurchase additional ADSs and/or Class A ordinary shares on the open market and/or through other means from time to time under the March 2025 Share Repurchase Plan.

Business Outlook

As macro-economic uncertainties persist, the Company intends to maintain a prudent approach in its business planning for 2025. Management will continue to focus on enhancing efficiency of the Company’s operations. As such, for the second quarter of 2025, the Company expects to generate a net income between RMB1.65 billion and RMB1.75 billion and a non-GAAP net income^*1³ between RMB1.75 billion and RMB1.85 billion, representing a year-on-year growth between 24% and 31%. This outlook reflects the Company’s current and preliminary views, which is subject to material changes.

^{13 Non-GAAP net income represents net income excluding share-based compensation expenses.}

Conference Call Preregistration

Qifu Technology’s management team will host an earnings conference call at 8:30 PM U.S. Eastern Time on Monday, May 19, 2025 (8:30 AM Beijing Time on Tuesday, May 20, 2025).

All participants wishing to join the conference call must pre-register online using the link provided below.

Registration Link: https://s1.c-conf.com/diamondpass/10047043-kj87y6.html

Upon registration, each participant will receive details for the conference call, including dial-in numbers and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of the Company’s website at https://ir.qifu.tech.

About Qifu Technology

Qifu Technology is a leading AI-empowered Credit-Tech platform in China. By leveraging its sophisticated machine learning models and data analytics capabilities, the Company provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

For more information, please visit: https://ir.qifu.tech.

Use of Non-GAAP Financial Measures Statement

To supplement our financial results presented in accordance with U.S. GAAP, we use Non-GAAP financial measure, which is adjusted from results based on U.S. GAAP to exclude share-based compensation expenses. Reconciliations of our Non-GAAP financial measures to our U.S. GAAP financial measures are set forth in tables at the end of this earnings release, which provide more details on the Non-GAAP financial measures.

We use Non-GAAP income from operation, Non-GAAP operating margin, Non-GAAP net income, Non-GAAP net income margin, Non-GAAP net income attributed to the Company and Non-GAAP net income per fully diluted ADS in evaluating our operating results and for financial and operational decision-making purposes. Non-GAAP income from operation represents income from operation excluding share-based compensation expenses. Non-GAAP operating margin is equal to Non-GAAP income from operation divided by total net revenue. Non-GAAP net income represents net income excluding share-based compensation expenses. Non-GAAP net income margin is equal to Non-GAAP net income divided by total net revenue. Non-GAAP net income attributed to the Company represents net income attributed to the Company excluding share-based compensation expenses. Non-GAAP net income per fully diluted ADS represents net income excluding share-based compensation expenses per fully diluted ADS. Such adjustments have no impact on income tax. We believe that Non-GAAP income from operation, Non-GAAP operating margin, Non-GAAP net income, Non-GAAP net income margin, Non-GAAP net income attributed to the Company and Non-GAAP net income per fully diluted ADS help identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that we include in results based on U.S. GAAP. We believe that Non-GAAP income from operation and Non-GAAP net income provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making. Our Non-GAAP financial information should be considered in addition to results prepared in accordance with U.S. GAAP, but should not be considered a substitute for or superior to U.S. GAAP results. In addition, our calculation of Non-GAAP financial information may be different from the calculation used by other companies, and therefore comparability may be limited.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB 7.2567 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of March 31, 2025.

Safe Harbor Statement

Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

Qifu Technology
E-mail: ir@360shuke.com

Unaudited Condensed Consolidated Balance Sheets (Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“USD”) except for number of shares and per share data, or otherwise noted)

	December 31,	March 31,	March 31,
	2024	2025	2025
	RMB	RMB	USD
ASSETS
Current assets:
Cash and cash equivalents	4,452,416	8,578,822	1,182,193
Restricted cash	2,353,384	3,236,427	445,992
Short term investments	3,394,073	2,040,269	281,157
Security deposit prepaid to third-party guarantee companies	162,617	173,437	23,900
Funds receivable from third party payment service providers	462,112	347,416	47,875
Accounts receivable and contract assets, net	2,214,530	2,316,593	319,235
Financial assets receivable, net	1,553,912	1,530,084	210,851
Amounts due from related parties	8,510	3,242	447
Loans receivable, net	26,714,428	30,675,633	4,227,215
Prepaid expenses and other assets	1,464,586	1,510,818	208,196
Total current assets	42,780,568	50,412,741	6,947,061
Non-current assets:
Accounts receivable and contract assets, net-noncurrent	27,132	20,004	2,757
Financial assets receivable, net-noncurrent	170,779	189,379	26,097
Amounts due from related parties	51	39	5
Loans receivable, net-noncurrent	2,537,749	2,314,826	318,992
Property and equipment, net	362,774	405,926	55,938
Land use rights, net	956,738	951,557	131,128
Intangible assets	11,818	11,420	1,574
Goodwill	42,414	42,407	5,844
Deferred tax assets	1,206,325	1,244,757	171,532
Other non-current assets	36,270	34,112	4,701
Total non-current assets	5,352,050	5,214,427	718,568
TOTAL ASSETS	48,132,618	55,627,168	7,665,629

LIABILITIES AND EQUITY
Current liabilities:
Payable to investors of the consolidated trusts-current	8,188,454	6,541,069	901,383
Accrued expenses and other current liabilities	2,492,921	3,337,707	459,948
Amounts due to related parties	67,495	48,442	6,675
Short term loans	1,369,939	1,219,431	168,042
Guarantee liabilities-stand ready	2,383,202	2,377,408	327,616
Guarantee liabilities-contingent	1,820,350	1,794,747	247,323
Income tax payable	1,040,687	1,054,537	145,319
Other tax payable	109,161	3,897	537
Total current liabilities	17,472,209	16,377,238	2,256,843
Non-current liabilities:
Deferred tax liabilities	439,435	569,734	78,511
Payable to investors of the consolidated trusts-noncurrent	5,719,600	10,354,000	1,426,819
Convertible senior notes	–	4,912,524	676,964
Other long-term liabilities	255,155	297,730	41,028
Total non-current liabilities	6,414,190	16,133,988	2,223,322
TOTAL LIABILITIES	23,886,399	32,511,226	4,480,165
TOTAL QIFU TECHNOLOGY INC EQUITY	24,190,043	23,063,344	3,178,216
Noncontrolling interests	56,176	52,598	7,248
TOTAL EQUITY	24,246,219	23,115,942	3,185,464
TOTAL LIABILITIES AND EQUITY	48,132,618	55,627,168	7,665,629

Unaudited Condensed Consolidated Statements of Operations (Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“USD”) except for number of shares and per share data, or otherwise noted)

	Three months ended March 31,
	2024	2025	2025
	RMB	RMB	USD
Credit driven services	3,016,282	3,110,866	428,690
Loan facilitation and servicing fees-capital heavy	243,766	429,775	59,225
Financing income	1,534,986	1,817,221	250,420
Revenue from releasing of guarantee liabilities	1,166,018	778,222	107,242
Other services fees	71,512	85,648	11,803
Platform services	1,136,901	1,579,831	217,706
Loan facilitation and servicing fees-capital light	502,715	373,709	51,498
Referral services fees	548,824	1,004,622	138,441
Other services fees	85,362	201,500	27,767
Total net revenue	4,153,183	4,690,697	646,396
Facilitation, origination and servicing	736,026	714,492	98,460
Funding costs	155,963	122,657	16,903
Sales and marketing	415,617	591,495	81,510
General and administrative	106,415	196,482	27,076
Provision for loans receivable	847,921	823,187	113,438
Provision for financial assets receivable	99,003	39,863	5,493
Provision for accounts receivable and contract assets	111,473	68,445	9,432
Provision for contingent liabilities	316,664	159,343	21,958
Total operating costs and expenses	2,789,082	2,715,964	374,270
Income from operations	1,364,101	1,974,733	272,126
Interest income, net	50,058	67,774	9,340
Foreign exchange gain	82	2,123	293
Other income, net	111,968	175,600	24,198
Income before income tax expense	1,526,209	2,220,230	305,957
Income taxes expense	(366,065)	(423,631)	(58,378)
Net income	1,160,144	1,796,599	247,579
Net loss attributable to noncontrolling interests	4,143	3,576	493
Net income attributable to ordinary shareholders of the Company	1,164,287	1,800,175	248,072
Net income per ordinary share attributable to ordinary shareholders of Qifu Technology, Inc.
Basic	3.73	6.41	0.88
Diluted	3.65	6.31	0.87

Net income per ADS attributable to ordinary shareholders of Qifu Technology, Inc.
Basic	7.46	12.82	1.76
Diluted	7.30	12.62	1.74

Weighted average shares used in calculating net income per ordinary share
Basic	312,027,192	280,958,513	280,958,513
Diluted	318,915,157	285,237,588	285,237,588

Unaudited Condensed Consolidated Statements of Cash Flows (Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“USD”) except for number of shares and per share data, or otherwise noted)

	Three months ended March 31,
	2024	2025	2025
	RMB	RMB	USD
Net cash provided by operating activities	1,958,267	2,805,685	386,634
Net cash used in investing activities	(3,138,175)	(3,240,186)	(446,510)
Net cash provided by financing activities	1,775,409	5,449,071	750,902
Effect of foreign exchange rate changes	2,095	(5,121)	(705)
Net increase in cash and cash equivalents	597,596	5,009,449	690,321
Cash, cash equivalents, and restricted cash, beginning of period	7,558,997	6,805,800	937,864
Cash, cash equivalents, and restricted cash, end of period	8,156,593	11,815,249	1,628,185

Unaudited Condensed Consolidated Statements of Comprehensive Income/(Loss) (Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“USD”) except for number of shares and per share data, or otherwise noted)

	Three months ended March 31,
	2024	2025	2025
	RMB	RMB	USD
Net income	1,160,144	1,796,599	247,579
Other comprehensive income, net of tax of nil:
Foreign currency translation adjustment	2,010	(15,362)	(2,117)
Other comprehensive income (loss)	2,010	(15,362)	(2,117)
Total comprehensive income	1,162,154	1,781,237	245,462
Comprehensive loss attributable to noncontrolling interests	4,143	3,576	493
Comprehensive income attributable to ordinary shareholders	1,166,297	1,784,813	245,955

Unaudited Reconciliations of GAAP and Non-GAAP Results (Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“USD”) except for number of shares and per share data, or otherwise noted)

	Three months ended March 31,
	2024	2025	2025
	RMB	RMB	USD
Reconciliation of Non-GAAP Net Income to Net Income
Net income	1,160,144	1,796,599	247,579
Add: Share-based compensation expenses	44,645	129,614	17,861
Non-GAAP net income	1,204,789	1,926,213	265,440
GAAP net income margin	27.9%	38.3%
Non-GAAP net income margin	29.0%	41.1%

Net income attributable to shareholders of Qifu Technology, Inc.	1,164,287	1,800,175	248,072
Add: Share-based compensation expenses	44,645	129,614	17,861
Non-GAAP net income attributable to shareholders of Qifu Technology, Inc.	1,208,932	1,929,789	265,933
Weighted average ADS used in calculating net income per ordinary share for both GAAP and non-GAAP EPS – diluted	159,457,579	142,618,794	142,618,794
Net income per ADS attributable to ordinary shareholders of Qifu Technology, Inc. – diluted	7.30	12.62	1.74
Non-GAAP net income per ADS attributable to ordinary shareholders of Qifu Technology, Inc. – diluted	7.58	13.53	1.86

Reconciliation of Non-GAAP Income from operations to Income from operations
Income from operations	1,364,101	1,974,733	272,126
Add: Share-based compensation expenses	44,645	129,614	17,861
Non-GAAP Income from operations	1,408,746	2,104,347	289,987
GAAP operating margin	32.8%	42.1%
Non-GAAP operating margin	33.9%	44.9%

The MIL Network –

May 20, 2025

MIL-OSI Security: Man Charged in Connection with Fraudulent COVID-19 Relief Loan Applications Totaling More than $3.39M

Source: United States Attorneys General 13

A Georgia man was arrested today in connection with his role in 15 fraudulent COVID-19 relief loan applications administered by the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program, totaling more than $3.39 million in fraudulent loan proceeds.

According to court documents, Ian Patrick Jackson, 37, of Atlanta, conspired with another Atlanta man to solicit, recruit, and direct at least nine business owners to submit fraudulent PPP loan applications using fabricated tax documents. Jackson and his co-conspirator allegedly directed the business owners to falsely claim in the loan applications that each business employed 16 individuals and paid monthly wages of $120,000. After receiving the funds, the business owners wrote “payroll” checks to individuals who did not work for their companies and then either kept the money for themselves or gave the money to the co-conspirator, who in turn provided a share to Jackson.

Jackson is the 12th defendant to be charged in connection with the Atlanta-based PPP fraud ring that allegedly fraudulently obtained millions in PPP loans. All eleven previously charged defendants, including the nine business owners, have pleaded guilty or been convicted at trial related to $2.7 million in fraudulent PPP loans. To date, authorities have recovered nearly $1.2 million of the stolen money.

In addition to the charged conspiracy, Jackson is alleged to have participated in three other schemes to submit fraudulent PPP or EIDL applications: (1) He applied for a fraudulent $237,500 PPP loan on behalf of Parkway Media Group LLC using fabricated tax forms and a doctored bank statement; (2) He used a forged driver’s license to fraudulently apply for approximately $100,000 in PPP and EIDL program loans using false revenue statements; and (3) He fraudulently obtained a $240,035 PPP loan and $125,000 in EIDL program loans and grants on behalf of Express Xchange LLC. As alleged in the indictment, he wrote checks made payable to individuals who did not work for the businesses using the loan proceeds. He also allegedly used the loan proceeds to pay for personal expenses, including restaurant dining, spa services, phone and credit card payments, and a vacation in Aruba.

Jackson is charged with conspiracy to commit bank fraud, two counts of bank fraud, two counts of wire fraud, and two counts of money laundering. If convicted, he faces a maximum penalty of 30 years in prison on each of the conspiracy and bank fraud counts and 20 years in prison on each of the wire fraud and money laundering counts.

Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, U.S. Attorney Theodore S. Hertzberg for the Northern District of Georgia, Deputy Inspector General Sheldon Shoemaker of the Small Business Administration Office of the Inspector General and Special Agent in Charge Paul Brown of the FBI Atlanta Field Office made the announcement.

The SBA Office of Inspector General and FBI Atlanta Field Office are investigating the case.

Trial Attorney Matthew Reilly of the Criminal Division’s Fraud Section and Special Assistant U.S. Attorney Diane C. Schulman for the Northern District of Georgia are prosecuting the case.

Since the inception of the Coronavirus Aid, Relief, and Economic Security Act, the Criminal Division’s Fraud Section has prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at www.justice.gov/criminal-fraud/ppp-fraud.

Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline via the NCDF Web Complaint Form at www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

MIL Security OSI –

May 20, 2025
MIL-OSI USA: Man Charged in Connection with Fraudulent COVID-19 Relief Loan Applications Totaling More than $3.39M

Source: US State Government of Utah

A Georgia man was arrested today in connection with his role in 15 fraudulent COVID-19 relief loan applications administered by the U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program, totaling more than $3.39 million in fraudulent loan proceeds.

According to court documents, Ian Patrick Jackson, 37, of Atlanta, conspired with another Atlanta man to solicit, recruit, and direct at least nine business owners to submit fraudulent PPP loan applications using fabricated tax documents. Jackson and his co-conspirator allegedly directed the business owners to falsely claim in the loan applications that each business employed 16 individuals and paid monthly wages of $120,000. After receiving the funds, the business owners wrote “payroll” checks to individuals who did not work for their companies and then either kept the money for themselves or gave the money to the co-conspirator, who in turn provided a share to Jackson.

Jackson is the 12th defendant to be charged in connection with the Atlanta-based PPP fraud ring that allegedly fraudulently obtained millions in PPP loans. All eleven previously charged defendants, including the nine business owners, have pleaded guilty or been convicted at trial related to $2.7 million in fraudulent PPP loans. To date, authorities have recovered nearly $1.2 million of the stolen money.

In addition to the charged conspiracy, Jackson is alleged to have participated in three other schemes to submit fraudulent PPP or EIDL applications: (1) He applied for a fraudulent $237,500 PPP loan on behalf of Parkway Media Group LLC using fabricated tax forms and a doctored bank statement; (2) He used a forged driver’s license to fraudulently apply for approximately $100,000 in PPP and EIDL program loans using false revenue statements; and (3) He fraudulently obtained a $240,035 PPP loan and $125,000 in EIDL program loans and grants on behalf of Express Xchange LLC. As alleged in the indictment, he wrote checks made payable to individuals who did not work for the businesses using the loan proceeds. He also allegedly used the loan proceeds to pay for personal expenses, including restaurant dining, spa services, phone and credit card payments, and a vacation in Aruba.

Jackson is charged with conspiracy to commit bank fraud, two counts of bank fraud, two counts of wire fraud, and two counts of money laundering. If convicted, he faces a maximum penalty of 30 years in prison on each of the conspiracy and bank fraud counts and 20 years in prison on each of the wire fraud and money laundering counts.

Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, U.S. Attorney Theodore S. Hertzberg for the Northern District of Georgia, Deputy Inspector General Sheldon Shoemaker of the Small Business Administration Office of the Inspector General and Special Agent in Charge Paul Brown of the FBI Atlanta Field Office made the announcement.

The SBA Office of Inspector General and FBI Atlanta Field Office are investigating the case.

Trial Attorney Matthew Reilly of the Criminal Division’s Fraud Section and Special Assistant U.S. Attorney Diane C. Schulman for the Northern District of Georgia are prosecuting the case.

Since the inception of the Coronavirus Aid, Relief, and Economic Security Act, the Criminal Division’s Fraud Section has prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at www.justice.gov/criminal-fraud/ppp-fraud.

Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline via the NCDF Web Complaint Form at www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

MIL OSI USA News –

May 20, 2025
MIL-OSI Russia: China urges US to lift discriminatory measures /more details/

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

BEIJING, May 19 (Xinhua) — China’s Ministry of Commerce on Monday condemned the United States for abusing export controls on Chinese chips, calling on the U.S. side to immediately correct its wrong actions and lift discriminatory measures against China.

Commenting on the revised US statement on Chinese chips, a Commerce Department spokesman said it was still discriminatory in nature and market-distorting.

The United States is abusing export controls and imposing tougher restrictions on Chinese chips based on baseless accusations, the official said, stressing that China firmly opposes such unilateral bullying.

According to him, the US actions seriously violate the legitimate rights and interests of Chinese companies, threaten the security and stability of global supply chains in the semiconductor industry, and deal a serious blow to global scientific and technological innovation.

The official called on the US side to cooperate with China to maintain the consensus reached at the high-level talks in Geneva and promote the building of sustainable, long-term and mutually beneficial bilateral trade and economic relations.

If the US continues to cause significant damage to China, the Chinese side will take decisive measures to protect its legitimate rights and interests, the official representative promised. –0–

MIL OSI Russia News –

May 20, 2025
MIL-OSI USA: PRESS RELEASE: Rep. Barragán Sounds Alarm in Marathon Energy and Commerce Committee Markup Over Republican Plans to Take Health Care Away from Millions of Americans
Source: United States House of Representatives – Representative Nanette Diaz Barragán (CA-44)

FOR IMMEDIATE RELEASE
May 17, 2025

Contact: Jin.Choi@mail.house.gov

Rep. Barragán Sounds Alarm in Marathon Energy and Commerce Committee Markup Over Republican Plans to Take Health Care Away from Millions of Americans

Washington, D.C. – After a 26-hour markup this week, House Republicans on the Energy and Commerce Committee advanced their piece of Donald Trump’s budget reconciliation plan — with no Democratic votes. The bill slashes $715 billion from Medicaid and other critical health care programs — combined with the provisions passed by the Ways & Means Committee this week and a proposed regulation from the Trump Administration, 13.7 million Americans now stand to lose their health care.

“This bill is nothing short of an assault on the health care of working families, children, seniors, and people with disabilities,” said Rep. Barragán. “The Republican reconciliation bill, along with the actions of the Trump Administration and Republicans’ failure to extend the Affordable Care Act subsidies, will cause almost 14 million people to lose their health care. Republicans forced us to debate this bill in the dead of night, when they knew most Americans would not see their attempt to take health care away from millions of people. House Democrats will continue to fight this bill and make sure all Americans know that these painful cuts to essential services and programs are so that Republicans can give even larger tax breaks to their billionaire donors.”

Throughout the marathon markup, Rep. Barragán and Democratic Committee Members introduced amendments to reverse, blunt, or improve upon the harms of the bill, which Republicans, as a whole, rejected. This bill will now be combined with the Republican reconciliation bills that have passed out of other House committees for full House consideration.

The approved bill text includes harmful provisions that will:
- Make it harder for people to enroll and keep their health coverage:
  - Burdensome new paperwork for Medicaid enrollees, designed to reduce access — not improve care.
  - Barriers to enrolling and renewing coverage for people on Medicaid and the Children’s Health Insurance Program (CHIP).
  - Shortened enrollment period for Affordable Care Act (ACA) marketplace coverage, reducing time to sign up.
- Make it more expensive to access care:
  - New copays for Medicaid recipients.
  - New fees and documentation requirements for people seeking ACA subsidies.
  - Barriers to programs that help low-income seniors on both Medicare and Medicaid afford health care.
- Decrease access to high-quality, affordable care for hospitals, community health centers, nursing homes, and at-home services:
  - Delays implementation of nursing home minimum staffing standards, putting elderly residents at risk.
  - Restricts states’ use of provider taxes, which support payments to health care providers and expansion of covered services.
  - Cuts federal Medicaid support for states that use their own funds to cover undocumented immigrants.
Beyond health care, the bill also includes sweeping attacks on environmental protections, clean energy investments, and telecommunications infrastructure:
- Guts clean energy and environmental investments — including pollution reduction programs in schools and low-income communities.
- Lets fossil fuel companies pay to bypass safeguards, including a $1 million fee to fast-track LNG exports and $10 million to expedite pipeline permitting.
- Raises $88 billion through a spectrum auction and diverts those funds to tax cuts for billionaires, rather than investments in internet affordability and NextGen 911.
The legislation now moves to the House floor, where it will be considered as part of the broader Republican budget reconciliation package.

# # #

MIL OSI USA News –
May 20, 2025
MIL-OSI USA: PRESS RELEASE: Rep. Barragán Brings Guest from New Jersey Republican Congressman’s District to Demand Republicans Vote Against Cuts to Medicaid

Source: United States House of Representatives – Representative Nanette Diaz Barragán (CA-44)

FOR IMMEDIATE RELEASE
May 13, 2025

Contact: Jin.Choi@mail.house.gov

Rep. Barragán Brings Guest from New Jersey Republican Congressman’s District to Demand Republicans Vote Against Cuts to Medicaid

Washington D.C. — Today, Congresswoman Nanette Barragán (CA-44) brought a guest from Republican Congressman Tom Kean’s (R-NJ-07) district to speak out against the cruel Republican cuts to Medicaid in the House Energy and Commerce (E&C) Committee’s mark-up on their portion of the partisan reconciliation bill. In her opening remarks, Congresswoman Barragán shared the story of Sasha, a young constituent from Rep. Kean’s district, who was born with cerebral palsy. Since birth, Sasha has experienced grand mal seizures and is a survivor of a perinatal stroke. Medicaid has helped Sasha access the care and support services she needs to survive — and thrive as a college student and Special Olympics athlete. Congresswoman Barragán shared Sasha’s story with Rep. Kean and asked him to oppose the Republicans’ proposed reconciliation bill that has at least $715 billion in cuts to Medicaid and health care. Rep. Kean, who also sits on the Energy and Commerce Committee, has over 70,000 constituents in his district who currently rely on Medicaid, like Sasha.

During today’s E&C mark-up session, House Democrats will offer amendments to the House Republicans’ budget to protect Medicaid and highlight the harm of the Republican cuts. If Republicans refuse to support these amendments, their cuts to Medicaid and healthcare of at least $715 billion— the largest proposed cut to Medicaid in U.S. history — would kick at least 13.7 million Americans off their health insurance.

“House Republicans have the opportunity to make things right — so that the millions of Americans like Sasha who depend on Medicaid can continue to have access to the basic right of healthcare,” said Rep. Barragán. “Sasha, and the millions of Americans who see Medicaid as a lifeline, are real human beings whose lives will be devastated by these cuts, not just numbers on a page. House Democrats are committed to doing what House Republicans seem too afraid to do — listening to the stories of their constituents and amplifying them so that we can defeat these dangerous Medicaid cuts.”

“Thanks to Medicaid, I have been able to live an active and full life, going to college and even competing as a Special Olympics athlete. I’m speaking out because no one should have to fight this hard just to get the care they need to live. I ask that our Members of Congress remember that Medicaid provides essential support for millions of Americans across the country, and to please stand against any cuts to the program,” said Sasha, guest and constituent from Rep. Kean’s district.

To see Sasha’s original story submission, see here.

To tune into the livestream of the mark-up, click here.

###

MIL OSI USA News –

May 20, 2025
MIL-OSI USA: Public input needed for proposed detours for future fish barrier removal near Poulsbo, Silverdale
Source: Washington State News 2

People who use SR 307 and SR 308 are invited to give feedback during open house events

POULSBO – The Washington State Department of Transportation is seeking feedback on several fish barrier removal projects in Kitsap County during an online open house and two in-person open houses.

Starting in 2027, WSDOT will correct six fish passage barriers under Bond Road/State Route 307 and SR 308.

WSDOT is proposing to close the roadway at each location. During the work, a section of the roadway will be removed, and replaced with a fish-passable culvert or bridge. While the road is closed, signed detours will be provided.

The open houses are an opportunity for the public to provide input on these detours.

Kitsap 29 Fish Barrier Removal online open house

When: Now through Thursday, June 26
Where: engage.wsdot.wa.gov/kitsap-29-fish-barrier-removal/
Details: Information is available online 24/7 for people to visit and leave comments whenever best fits their schedule.

Kitsap 29 Fish Barrier Removal in-person open houses

When: 4 to 6 p.m. Monday, June 2, 2025
Where: North Kitsap High School Commons
1780 NE Hostmark St. Poulsbo, WA 98370

When: 5 to 7 p.m. Thursday, June 5, 2025
Where: Hilder Pearson Elementary School Gym
15650 Central Valley Road NW, Poulsbo, WA 98370

Details: The in-person open house will have the same information as the online open house. Project team members will be available to explain the project, answer questions and take comments. A translator fluent in Spanish will be present. There is no formal presentation. Attendees are welcome to drop by anytime during the two-hour event.

Free, temporary internet access is available to those who do not have broadband service. To find the nearest Drive-In WiFi Hotspot visit the Department of Commerce website.

Free WiFi access is available at these locations for people who wish to participate in the online open house:
- Kitsap Regional Library, 700 NE Lincoln Road, Poulsbo, WA 98370
- Kitsap Regional Library, 3650 NW Anderson Hill Road, Suite 101, Silverdale, WA 98383
MIL OSI USA News –
May 20, 2025
MIL-OSI Security: 5 Connecticut Residents Charged with Defrauding Connecticut and Washington Small Business Loan Programs

Source: Office of United States Attorneys

David X. Sullivan, United States Attorney for the District of Connecticut, and P.J. O’Brien, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, today announced that a federal grand jury in New Haven has returned a 20-count indictment charging MYCALL OBAS, 42, of Danbury, MBALI NCUBE, 35, of Danbury, PIERRE OBAS, 49, of Danbury, TERESA VARGAS, 43, of Hartford, and STEPHEN WALKER, 30, of New Canaan, with offenses related to fraudulent small business loan applications in Connecticut and Washington.

The indictment was returned on May 14, 2025. Mycall Obas, Ncube, Pierre Obas, and Vargas were arrested on May 15, and Walker was arrested today. Each has entered a plea of not guilty and is released on bond pending trial.

According to the indictment, the National Development Council (“NDC”), now known as Grow America, was a not-for-profit lender that provided capital to small businesses, including through state-sponsored small business loan programs. The Connecticut Small Business Boost Fund (“CT Boost”) was an economic initiative supported by the Connecticut Department of Economic and Community Development that connects Connecticut small businesses and non-profits with support services, including access to flexible funding for capital expenditures. The Small Business Flex Fund (“Flex”) was an economic initiative supported by the Washington State Department of Commerce that connected Washington state small businesses and nonprofits with support services, including access to flexible funding for capital expenditures. NDC worked with CT Boost and Flex to provide loan funding to small businesses in Connecticut and Washington, respectively.

As alleged in the indictment and statements made in court, Mycall Obas, Ncube, Pierre Obas, and Walker used stolen personal and business identities, or created false business identities, to apply to NDC for small business loans through the CT Boost and Flex programs. In connection with the loan applications, they created and submitted false business records, including fraudulent certificates of organization, false income statements, false balance sheets, and false tax returns. Vargas, who was a contractor for NDC and responsible for processing and underwriting small business loan applications, processed some of the fraudulent loan applications and submitted them to NDC for approval. She also specifically requested to be the loan processor on certain loan applications submitted by her co-conspirators in order to further the scheme.

It is alleged that the co-conspirators applied for and obtained 12 loans totaling more than $2 million through this scheme.

The indictment charges each of the five defendants with one count of conspiracy to commit wire fraud, one count of conspiracy to commit money laundering, and multiple counts of wire fraud. Each of these charges carries a maximum term of imprisonment of 20 years. The indictment also charges each of the five defendants with one more counts of making illegal monetary transactions, an offense that carries a maximum term of imprisonment of 10 years on each count. Mycall Obas and Pierre Obas are also charged with aggravated identity theft, which carries a mandatory term of imprisonment of two years.

U.S. Attorney Sullivan stressed that an indictment is not evidence of guilt. Charges are only allegations, and each defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

This matter is being investigated by the Federal Bureau of Investigation with the assistance of the Internal Revenue Service – Criminal Investigation Division, and the Meriden and Danbury Police Departments. The case is being prosecuted by Assistant U.S. Attorney Stephanie T. Levick.

MIL Security OSI –

May 20, 2025
MIL-OSI: Aether Holdings to Present at the Aegis Capital Corp. 2025 Virtual Conference on May 22nd

Source: GlobeNewswire (MIL-OSI)

NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) — Aether Holdings, Inc. (Nasdaq: ATHR) (“Aether” or the “Company”), an emerging financial technology platform company that offers proprietary research analytics, today announced that its management team is scheduled to present at the Aegis Capital Corp. 2025 Virtual Conference on Thursday, May 22nd, 2025.

Presentation Details:
Date: May 22nd, 2025
Time: 2:00 p.m. ET
Webcast Registration: https://us02web.zoom.us/meeting/register/AfmnLxICTqmjEvoSG9-MMQ

Frank Cid, VP of Business Development at Aether Holdings, will present the Company’s strategic vision, highlighting the recent launch of Alpha Edge Media, its digital-first content arm focused on expanding subscriber engagement through targeted newsletters and proprietary market insights.

“We are excited to showcase Aether at the Aegis Virtual Conference following our recent initial public offering,” said Nicolas Lin, CEO of Aether Holdings. “This is a key moment to share how we’re scaling subscriber engagement through Alpha Edge Media, our content engine designed to grow a data-rich investor audience. By connecting media, behavior, and analytics, we’re creating a self-learning system that delivers smarter, faster insights and positions us to lead the next wave of fintech innovation.”

About Aether Holdings, Inc.

Aether Holdings, Inc. (Nasdaq: ATHR) is an emerging financial technology holding company focused on transforming the way investors navigate the markets. Leveraging decades of market expertise and cutting-edge technology, Aether delivers proprietary tools, data, and research to empower traders with actionable insights and enhanced decision-making capabilities.

Aether’s flagship platform, SentimenTrader.com, is designed to serve both retail and institutional investors by offering advanced sentiment analysis through the use of machine learning (ML) and artificial intelligence (AI) capabilities. With over 20 years of sentiment data integrated into its systems, Aether aims to provide its users with a powerful combination of technology and expertise, enabling them to make informed decisions to level up their trading in the markets.

Aether is committed to building an ecosystem that supports smarter, data-driven trading strategies, reinforcing its mission to empower the investing community and redefine excellence in fintech. By integrating advanced technologies, including artificial intelligence tools with the critical thinking and analytical abilities of its team of evidence-based trading veterans, Aether aims to provide its users with a powerful combination of technology and expertise, enabling them to make informed decisions to level up their trading in the markets.

Find out more about Aether Holdings at https://helloaether.com/

Cautionary Note Regarding Forward Looking Statements

This news release and statements of Aether’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements relate to the anticipated benefits to Aether of the launch and business plan for Alpha Edge Media as described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For Aether, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to Aether’s ability to adequately market its products and services, and to develop or acquire additional products and product offerings; (ii) risks related to intense competition in the fintech and financial newsletter sector; (iii) risk related to artificial intelligence and machine learning; (iv) the inability of Aether to maintain and protect its reputation for trustworthiness and independence; (v) the inability of Aether to attract new users and subscribers and convert free users to paying subscribers; (vi) similar risks and uncertainties associated with operating a relatively small business a rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and Aether therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://investor.helloaether.com/#sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

Aether Holdings, Inc. Contact
Nicolas Lin, CEO
(347) 363-0886
ir@helloaether.com

Investor Relations Contact
Matthew Abenante, IRC
President, Strategic Investor Relations, LLC
(347)-947-2093
Email: matthew@strategic-ir.com

Media Contact
Jessica Starman, MBA
media@helloaether.com

The MIL Network –

May 20, 2025
MIL-OSI USA: Congresswoman Torres Leads 100 Colleagues in Supporting $400 Million in Funding for Immigrant Legal Representation

Source: United States House of Representatives – Congresswoman Norma Torres (35th District of California)

May 19, 2025

Letter Calling for Robust Investment in Due Process for Immigrants and Asylum Seekers Facing Removal Proceedings

Washington, D.C. – Today, Congresswoman Norma Torres (CA-35), joined by 100 of her colleagues, led a letter to the House Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies Chair urging $400 million in funding for legal representation, to ensure the right to due process enshrined in the Constitution.

The lawmakers’ letter calls attention to the lack of guaranteed legal counsel in immigration proceedings, noting that more than 40 percent of individuals—and a staggering 70 percent of those in detention—face removal proceedings without a lawyer.

“Our immigration courts are overwhelmed and increasingly complex. Without legal representation, thousands of vulnerable individuals are left to face deportation alone, often in a language they do not speak,” said The Members. “Legal representation is not just a safeguard for the individual, but a necessary component of an efficient and fair immigration system. This funding is about justice, dignity, and ensuring everyone has their fair day in court.”

The $400 million request would build on the $50 million included in the House FY2022 Appropriations Bill (H.R. 4505) to expand access to legal services. In their letter, the Members cite clear data: individuals with legal counsel are five times more likely to obtain legal relief and are significantly more likely to appear in court, which increases court efficiency and reduces case backlogs.

The letter also denounces the misuse of outdated laws such as the Alien Enemies Act and certain provisions of the Immigration and Nationality Act, which have been exploited to detain and deport legal residents for engaging in constitutionally protected activities. Judges have warned that without due process for immigrants, there is no due process for citizens either, because authorities could simply claim someone isn’t a citizen, denying them the opportunity to prove their citizenship.

“Weaponizing our legal system to punish lawful residents or silence dissent is un-American. This investment in legal representation is a direct step toward restoring due process and upholding our nation’s fundamental values,” the Members Continued.

Full letter

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Carta pide una inversión significativa en el proceso para los inmigrantes y solicitantes de asilo que se enfrentan a un proceso de expulsión

Washington, D.C. – Hoy, la Congresista Norma Torres (CA-35) unida a 100 de sus colegas, dirigió una carta al Presidente de la Subcomisión de Asignaciones para Comercio, Justicia, Ciencia y Agencias Relacionadas de la Cámara de Representantes, instando a destinar 400 millones de dólares a la financiación de la representación legal, para garantizar el derecho al debido proceso consagrado en la Constitución.

La carta de los legisladores llama la atención sobre la falta de garantía de asesoramiento jurídico en los procedimientos de inmigración, señalando que más del 40 por ciento de las personas – y un asombroso 70 por ciento de los detenidos – enfrentan procedimientos de deportación sin un abogado.

“Nuestros tribunales de inmigración están desbordados y son cada vez más complejos. Sin representación legal, miles de personas vulnerables se enfrentan solas a la deportación, a menudo en un idioma que no hablan,” dijeron los Miembros. “La representación legal no es sólo una salvaguarda para el individuo, sino un componente necesario de un sistema de inmigración eficiente y justo. Esta financiación tiene que ver con la justicia, la dignidad y la garantía de que todo el mundo tenga su día justo en los tribunales.”

La solicitud de 400 millones de dólares se basaría en los 50 millones incluidos en el proyecto de ley de asignaciones para el año fiscal 2022 de la Cámara de Representantes (H.R. 4505) para ampliar el acceso a los servicios jurídicos. En su carta, los diputados citan datos claros: las personas con asistencia letrada tienen cinco veces más probabilidades de obtener ayuda legal y es mucho más probable que comparezcan ante los tribunales, lo que aumenta la eficiencia de los tribunales y reduce la acumulación de casos.

La carta también denuncia el uso indebido de leyes obsoletas como la Ley de Enemigos Extranjeros y ciertas disposiciones de la Ley de Inmigración y Nacionalidad, que han sido explotadas para detener y deportar a residentes legales por participar en actividades constitucionalmente protegidas.

“Armar nuestro sistema legal para castigar a los residentes legales o silenciar la disidencia es antiestadounidense. Esta inversión en representación legal es un paso directo hacia la restauración del debido proceso y la defensa de los valores fundamentales de nuestra nación,” Continuaron los Miembros.

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MIL OSI USA News –

May 20, 2025
MIL-OSI: Personal Loans for Bad Credit – Credit Clock Rated Best In US 2025
Source: GlobeNewswire (MIL-OSI)

Atlanta, May 19, 2025 (GLOBE NEWSWIRE) —

If you are looking for a personal loan but having problems because of bad credit, we have you covered. We have found the best personal loan lender just for you. Our top lender has a flexible repayment period; check out Credit Clock below to learn why it’s our number one lender.

Click Here to Apply

With the prices of goods in the U.S. soaring while wages remain constant, many people are left at the mercy of loans due to their limited income levels. However, accessing a loan in such tough economic times can also be hectic, especially with a bad credit score.

To help alleviate this problem, our team has scoured the personal finance market and identified a list of brokers from whom you can quickly get personal loans for bad credit without having to undergo any credit checks. This is made possible by a network of lenders that focus more on the borrower’s ability to repay the loan than credit ratings.

Top Personal Loans for Bad Credit

With these brokers, securing a personal loan for bad credit from these lenders is straightforward. Just click on the provided links and follow the simple application process.

If you seek further information to make an informed choice among lenders, continue reading for an in-depth review of each option.
1. Credit Clock: Reliable personal loans for bad credit
Credit Clock is a unique personal loan for bad credit lenders that stands out from the rest by offering its services for 24 hours. It doesn’t have conventional and strict working hours that limit when you can apply for a personal loan for bad credit. As such, you can apply for a loan when you need it.

With such flexible services, Credit Clock manages to keep its loans for bad credit low by having low interest rates and eliminating upfront costs and hidden charges that may add to the cost of the loan.

Credit Clock’s online platform allows you to access personal loans for bad credit of up to $5,000. Tagging along with this lending range are the following benefits of utilizing Credit Clock’s platform:
- Fast loan approvals.
- Flexible loan amounts.
- Negotiable and flexible repayment terms.
- It has a quick and convenient application process.
- Quick loan payouts.
Credit Clock is a reliable personal loan for bad credit lenders with reputable lenders who see that you get the financial assistance you need when you need it most.

What Is a Personal Loan for Bad Credit?

A personal loan for bad credit is an unsecured financial lifeline designed for individuals with a less-than-favorable credit history, mostly characterized by a low credit score due to past financial challenges, missed payments, or defaults. For that reason, personal loans for bad credit are only offered by specialized lenders willing to work with borrowers despite their poor credit scores and ratings.

Compared to conventional loans, personal loans for bad credit come with relatively higher interest rates. This is because lenders charge a higher rate to compensate for the increased risk associated with borrowers with subprime credit scores.

Something else to note about personal loans for bad credit is that the loan amounts available are smaller, the repayment periods are shorter, and monthly payments are potentially higher than normal conventional loans.

Eligibility Criteria for Personal Loans for Bad Credit

Personal loans for bad credit, like other conventional loans, have requirements that should be met before approval, even though they differ. Below are the factors that are considered for eligibility for personal loans for bad credit:
- Citizenship or permanent residency – You must be a U.S. citizen or a permanent resident.
- Age requirement – The minimum age for a personal loan to be approved is 18.
- Verifiable income – You ought to have a verifiable and reliable source of income, be it from employment, self-employment, government benefits, or any other sources.
- Debt-to-income ratio (DTI) – To qualify, you should have a favorable debt-to-income ratio.
- Active bank account – You must have an active bank account, which will be used for loan disbursement and automatic repayments.
- Contact Information – You must provide a valid phone number and/or an active email address for communication between you and the lender.
Meeting these eligibility requirements increases your chances of approval when applying for personal loans for bad credit. As they are easy to meet, the approval rates for online personal loans for bad credit are often relatively high.

Who Can Benefit from Personal Loans for Bad Credit?

Throughout their existence, personal loans for bad credit have gained popularity because they cater to a diverse range of individuals, including:
- Individuals with low credit scores – People with low credit scores often turn to personal loans for bad credit because they have difficulties qualifying for prime loans offered by traditional lenders as they are rendered high-risk borrowers, making many lenders hesitant to approve their requests.
- Individuals with limited credit history – As borrowers with limited credit history often struggle to access traditional loans, personal loans for bad credit offer them an opportunity to establish credit and access financing, even with their limited credit profiles.
- Borrowers with past financial difficulties – Individuals who have experienced financial setbacks like bankruptcy or foreclosure find it challenging to qualify for conventional loans. For this reason, they turn to personal loans for bad credit as they are more accessible.
- Self-employed workers – Self-employed borrowers often contend with inconsistent income flows, and consequently, they may need to borrow funds during periods of insufficient income to cover expenses. As it may be a tough feat for them to meet the requirements of conventional loans, personal loans for bad credit offer access to financing when needed.
- Low-income borrowers – Borrowers with low incomes frequently turn to personal loans for bad credit because they struggle to meet the debt-to-income ratio requirements associated with conventional loans. Thus, relying on personal loans for various purposes provides a more accessible financing option.
Tips for Managing Personal Loans for Bad Credit

When appropriately managed, personal loans for bad credit can be a powerful tool that helps you attain financial freedom and stability. Below are tips on how to manage personal loans for bad credit:
- Create a budget – By developing a comprehensive budget that outlines your income and expenses, you get a clear picture of your financial situation and enable you to allocate funds effectively.
- Make timely payments – Ensure you make your repayments on time to avoid late fees and penalties, which have the potential to impact your credit score negatively. You can consider setting up automatic payments or creating reminders to stay on top of due dates.
- Cut expenses and increase income – Identifying areas where you can cut expenses and redirect those savings toward debt repayment and exploring ways to increase your income will accelerate your progress in paying off personal loans for bad credit.
- Seek professional advice – You can seek guidance from a credit counseling agency or a financial advisor who will provide personalized strategies to help you navigate your specific debt challenges and create a manageable repayment plan.
- Practice self-discipline and patience –By being patient and disciplined, you will be better positioned to stay committed to your debt repayment plan, which requires consistent effort and perseverance.
By following these tips and adopting responsible financial habits, you can better manage your loans for bad credit, improve your overall financial health, and work toward achieving your financial goals.

How Can I Effectively Use a Personal Loans for Bad Credit?

Personal loans for bad credit offer financial assistance to individuals despite their credit challenges. Below, we will delve into some of the most common and practical ways people utilize these loans.
- Debt consolidation – Personal loans for bad credit can combine high-interest debts and multiple loans into a single personal loan, which helps you manage your debt more effectively.
- Emergency expenses – Personal loans for bad credit provide a financial safety net for unexpected and urgent expenses when you don’t have readily available funds.
- Credit score improvement – Personal loans for bad credit can be used as a strategic tool to start rebuilding your credit history. This is done by borrowing responsibly and making timely payments, which will demonstrate improved financial responsibility, potentially opening up access to better loan terms.
- Small business ventures – If you are an aspiring entrepreneur or a small business owner with bad credit, you can turn to a personal loan with bad credit to kickstart or expand your business.
Alternatives to Bad Credit for Personal Loans
- Secured loans – As secured loans require collateral, they often offer lower interest rates compared to unsecured personal loans, such as personal loans for bad credit.
- Credit unions – By being a credit union member, you become eligible for loans with favorable loan terms as they have relatively lower interest rates. Additionally, credit unions may be willing to work with members with less-than-perfect credit, making them a good alternative.
- Peer-to-peer (P2P) lending – P2P lending platforms connect borrowers with individual investors who fund loans and usually have less stringent credit requirements and lower interest rates than other lending institutions.
- Credit counseling – Nonprofit credit counseling agencies are a go-to alternative as they provide financial advice and assistance to individuals struggling with debt. They can also help create budgets, negotiate with creditors for lower interest rates, and offer more effective debt management plans to consolidate and repay debts.
- Negotiating with creditors – If you have existing debts, you can consider negotiating with creditors to improve your repayment terms by considering aspects such as interest rates, repayment periods, or even settlements.
- Building credit – By improving your credit, you will, over time, become eligible for more favorable loan options with better terms than personal loans for bad credit.
Frequently Asked Questions

Can personal loans for bad credit be used to start or invest in a small business?

Yes, some borrowers use personal loans to launch or support small businesses. However, assessing the risks and considering alternative business financing options is important, especially if more significant amounts are needed.

What should I do if I suspect I’ve been offered a predatory loan with excessively high interest rates?

If you believe you’ve encountered a predatory lending situation, consult a financial advisor or legal expert to understand your rights and explore potential remedies. You can also report predatory lending practices to regulatory authorities.

Can I use a personal loan for bad credit to pay off my tax debt?

Yes, personal loans can be used to pay off tax debt. However, it’s essential to compare the interest rate on a loan with the potential interest and penalties from unpaid taxes to determine if it’s financially beneficial.

Is there a difference between personal loans for bad credit and payday loans?

Yes, there’s a significant difference. Personal loans for bad credit typically have longer terms and lower interest rates than short-term payday and high-interest loans.

Company Name: Payday Ventures Ltd (trading as Credit Clock)
Email: business@paydayventures.com
Phone: +44 208 064 1293

Disclaimers & Disclosures

Editorial Independence & Liability Notice
The content provided herein is for informational purposes only and should not be construed as financial advice or an endorsement of any specific product or service. While every effort has been made to ensure accuracy, completeness, and timeliness, no guarantee is made regarding the validity or reliability of the information presented. In the event of factual errors, outdated content, or inaccuracies, all parties involved in the publication and distribution of this content — including syndication partners — are held harmless. This article may contain errors or omissions and is subject to change without notice. It is the responsibility of the reader to verify all product terms with the relevant lender or service provider prior to taking any action.

Age & Status Requirements
Loan products discussed are available only to individuals aged 18 and over. All offers are subject to eligibility, verification of personal and financial status, and additional checks performed by the lender.

Not a Lender or Financial Institution
This website operates strictly as a loan connection service and is not a lender. Credit Clock does not make any credit decisions, does not issue loans or lines of credit, and does not determine loan terms. The service utilizes proprietary algorithms to match users with lenders based on their application details, preferences, and lender availability. The operator of the site does not charge consumers any fee for this matching service.

Compensation Disclosure
This website is funded through advertising partnerships. Lenders, lender networks, and third-party marketers may compensate the operator if a user is presented with or accepts an offer for a financial product or loan through this platform. This compensation allows the service to remain free for consumers. However, compensation may influence how and where products appear, but does not affect the objectivity of editorial content.

Loan Availability & Options
Credit Clock does not have access to all financial providers or loan products available in the market. Any loan offer received should not be considered exhaustive or definitive. Consumers are strongly advised to compare all available options independently and select products based on their unique financial circumstances and goals.

Representative APR & Loan Terms
Annual Percentage Rates (APRs) and loan terms vary depending on the lender, credit profile, and application details. This website displays a representative APR range of 5.99% to 35.99%, with a minimum loan repayment period of 61 days. Not all applicants will qualify for the lowest advertised rates. Loan products typically reflect closed-end credit agreements and may differ significantly across providers.

State Limitations
Loan services may not be available in all U.S. states due to regulatory restrictions and lender preferences. This platform does not operate in the following states: Arkansas, Connecticut, Indiana, Minnesota, Montana, New Hampshire, New York, South Dakota, Vermont, and West Virginia.

Credit Evaluation Practices
Submitting a request for loan referral constitutes authorization for participating lenders and service providers to evaluate the applicant’s creditworthiness. This may include soft or hard inquiries from major credit bureaus (Experian, Equifax, TransUnion) or through alternative data providers and consumer reporting agencies. Such evaluations may influence approval decisions and loan terms.

No Approval Guarantee
Filling out the application form does not guarantee loan approval. Loan amounts, terms, and timing of fund disbursement will vary by lender. While some applicants may be eligible for loan amounts up to $5,000, this figure is not assured for all users. The website does not guarantee funding outcomes or endorse any specific lender or offer.

Special Note on Tribal Lenders
Some lending partners may be sovereign tribal entities. These lenders operate under federal and tribal laws and may not be subject to state law. Interest rates and repayment terms from tribal lenders may be significantly higher than those from state-regulated institutions. Consumers should fully understand and review all terms before agreeing to any loan offer.

Final Cautionary Statement
Users are encouraged to exercise due diligence and consult independent financial professionals when evaluating loan options. All decisions made based on the information contained within this publication are solely the responsibility of the reader.

The MIL Network –
May 20, 2025
MIL-OSI USA: CISA Welcomes Madhu Gottumukkala as the New Deputy Director

News In Brief – Source: US Computer Emergency Readiness Team

WASHINGTON – The Cybersecurity and Infrastructure Security Agency (CISA) is proud to announce the appointment of Madhu Gottumukkala as its new Deputy Director. In this role, he will help lead CISA’s mission to understand, manage, and reduce risk to the cyber and physical infrastructure that the American people rely on every day.

Prior to his appointment as the CISA Deputy Director, Dr. Gottumukkala served as Commissioner and Chief Information Officer for South Dakota’s Bureau of Information and Technology, overseeing statewide technology and cybersecurity initiatives. He assumed this role after serving as South Dakota’s second-ever chief technology officer, focused on innovation through the adoption of emerging technologies, while increasing efficiency by replacing outdated legacy systems.

“I am honored to be appointed by Secretary Noem to serve as Deputy Director of CISA. As a former state and local leader, I have seen firsthand the exceptional work CISA does in advancing our nation’s cybersecurity and infrastructure resilience,” said Gottumukkala. “I look forward to building on that foundation by fostering collaboration and strengthening resilience across all levels of government and the private sector. Together, through trusted partnerships, transparency, and shared responsibility, we can better manage systemic risks and safeguard the critical functions that ensure our nation’s safety and prosperity.”

“CISA is excited to welcome Madhu to the team. As we work around the clock to safeguard our nation’s most critical infrastructure, Madhu brings a unique blend of technical expertise and real-world experience that will enhance our mission,” said CISA Senior Official Performing the duties of the Director Bridget Bean. “His deep understanding of both the complexities and practical realities of infrastructure security will strengthen CISA in its role as the nation’s lead cyber defense agency and the national coordinator for infrastructure resilience today and into the future.”

With over 24 years of experience in information technology (IT), Dr. Gottumukkala has held leadership roles spanning both the public and private sectors, including work across the wireless and telecom, unified communications, and health technology industries. He currently serves on the Advisory Committee of the College of Business and Information Systems at Dakota State University.

Dr. Gottumukkala holds a Ph.D. in Information Systems from Dakota State University, an MBA in Engineering and Technology Management from the University of Dallas, an M.S. in Computer Science from the University of Texas at Arlington, and a B.E. in Electronics and Communication Engineering from Andhra University.

For more information about CISA’s leadership team, please visit the official CISA website at CISA Leadership | CISA

###

About CISA

As the nation’s cyber defense agency and national coordinator for critical infrastructure security, the Cybersecurity and Infrastructure Security Agency leads the national effort to understand, manage, and reduce risk to the digital and physical infrastructure Americans rely on every hour of every day.

Visit CISA.gov for more information and follow us on X, Facebook, LinkedIn, Instagram

MIL OSI USA News –

May 20, 2025
MIL-OSI USA: First Partner joins conversation on expanding access to capital for female founders
Source: US State of California 2
May 19, 2025
SACRAMENTO — First Partner Jennifer Siebel Newsom joined Marcie Frost (CEO, CalPERS) and Cassandra Lichnock (CEO, CalSTRS) at the annual Catalyst event for a candid conversation on the role California’s public institutions can play in opening access to funding for women and diverse entrepreneurs.

California is now the fourth largest economy in the world and the center of the world’s investment-backed innovation economy, with Bay Area venture capitalists alone raising more than $151 billion in funds over the past five years— more than the rest of the U.S. combined. Yet, women and underrepresented voices are systematically overlooked:

In 2023, women-founded companies raised $3.2 billion from VCs, just 2.8% of all U.S. VC activity. In comparison, all-male-founded companies raised $114 billion. (Pitchbook and Deloitte, Carta)

Women of color received just 0.39% of VC funding in 2023 and 0.13% of funding in 2022. (Fearless Fund)

Although the percentage of female VC check writers has grown from 9% to 15.5% in the U.S, 64% of venture firms still don’t have any female partners (female investors who are able to write checks). (All Raise)

“California is the global center of the innovation economy because we embrace new ways of thinking and fresh ideas. But if we’re missing out on more than half of the population’s entrepreneurial breakthroughs, we’re leaving a lot on the table. The current system doesn’t reflect a lack of talent. It reflects a lack of access and that’s something we must change. And it’s something we’re uniquely positioned to do here in California. Because we know that when women and diverse founders lead, they deliver results —not just for investors—but for entire communities.”

First Partner Jennifer Siebel Newsom
At the event, Siebel Newsom, Frost, and Lichnock also discussed how California is making strides to shift the structural conditions that limit economic opportunity for all:

CalPERS has shifted private equity focus away from just large-scale managers to include mid-market, growth, and venture—segments viewed as “undercapitalized.” 33% of CalPERS-backed managers now qualify as “diverse,” compared to an industry average of 21% across eight peer public pension funds.

SB 54, California’s Venture Capital Diversity Disclosure Law, which will require VC firms operating in California to disclose demographic data on funded founders to boost transparency.

SB 826, California’s first-in-the-nation “women on boards” law, although later challenged by the courts, this law helped boost the seats women held on California’s public company board to 30% — up from 15.5% in 2018.

AB 2927, requires all high school students to take a personal finance course. It helps to ensure the next generation—especially girls from underserved communities—have the knowledge to build financial independence early.

Through the First Partner’s work with California for all Women and her nonprofit the California Partners Project, she has championed efforts to help increase representation of women and close the gender wealth gap–including a board playbook series, co-created with Stanford’s VMware Women’s Leadership Innovation Lab and Stanford Graduate School of Business, to help companies boost talent and representation on boards.

“Women are the innovators and entrepreneurs that are helping solve societal issues yet remain significantly underrepresented in getting the capital they need to turn ideas into reality,” said Marcie Frost, CEO of CalPERS. Data shows businesses that are majority-owned by women only get 2-percent of venture capital investments in the United States. This gap highlights persistent systemic barriers and biases within the venture capital ecosystem, underscoring the need for more inclusive investment practices and equitable access to funding opportunities that align with our fiduciary duty and requirement to diversify assets.”

Marcie Frost, CEO of CalPERS

Research shows that women and diverse leaders deliver outsized results:

Research from Boston Consulting Group indicates that women-owned startups can generate significantly more revenue per dollar invested, potentially leading to greater wealth for investors.

Venture capital firms with more women investing partners outperform their peers—seeing 1.5% higher fund returns and nearly 10% more profitable exits.
First Partner, Press releases
Recent news

May 19, 2025

News What you need to know: California’s battery storage capacity now exceeds 15,700 megawatts, an unprecedented milestone that reflects the Newsom administration’s continued leadership in building the grid of the future. SACRAMENTO — California continues to rapidly…

May 16, 2025

News What you need to know: The state is investing almost $1.7 billion for improvements to California’s highway system, including $86.5 million for improvements to infrastructure damaged during the Los Angeles firestorms earlier this year. SACRAMENTO – Governor Gavin…

May 16, 2025

News SACRAMENTO – Governor Gavin Newsom kicked off #WorldTradeMonth with a round of key international interviews with journalists from major broadcast networks in Canada, Japan, Mexico, South Korea, and the United Kingdom. In the interviews, Governor Newsom addressed…

MIL OSI USA News –
May 20, 2025
MIL-OSI USA: Since Governor Newsom took office, California’s battery storage has increased 1,944% – and just achieved a major milestone

Source: US State of California 2

May 19, 2025

What you need to know: California’s battery storage capacity now exceeds 15,700 megawatts, an unprecedented milestone that reflects the Newsom administration’s continued leadership in building the grid of the future.

SACRAMENTO — California continues to rapidly expand its energy storage statewide, adding 2,300 megawatts (MW) since last September for a total of 15,763 MW of battery storage capacity, according to new data released today. This reflects a 1,944% increase since the start of the Newsom Administration – up from 770 MW in 2019.

Energy storage – particularly battery storage – has become a key resource in the state’s energy transformation. Battery systems capture power produced by wind and solar resources and discharge the energy back to the electric grid during times of peak demand – creating a safer and more reliable power grid.

California is adding battery storage at a pace never seen before as we continue our work to build the grid of the future. The key to a cleaner, more reliable power grid is batteries – and no other jurisdiction on the planet, save China, comes even close to our rapid deployment.

Governor Gavin Newsom

On a smaller scale, tens of thousands of residential and commercial battery systems provide backup power and flexibility to homes, schools and businesses. They make up about 2,500 MW of total storage statewide, or about 16% of the battery storage total.

The state projects that more than 48,000 MW of battery storage and 4,000 MW of long duration storage will be needed by 2045. Long duration energy storage systems are especially important, as they can provide up to 10 hours of power–more than double the four hours of power provided by traditional battery storage technology.

As California builds out the grid of the future, it is focusing efforts on proactively addressing safety for utility-scale battery storage systems through comprehensive state level collaborations and regulatory updates. Building battery storage is a critical part of the Governor’s build more, faster agenda delivering infrastructure upgrades and creating thousands of jobs across the state.

Governor Gavin Newsom recently convened a state-level collaborative to find opportunities to improve safety as the technology continues to evolve. Last month, the California Public Utilities Commission implemented new safety standards for battery storage facilities. Other key initiatives include an update to the California Fire Code happening this year, expected to include enhanced BESS safety standards.

California’s climate leadership

Pollution is down and the economy is up. Greenhouse gas emissions in California are down 20% since 2000 – even as the state’s GDP increased 78% in that same time period.

The state continues to set clean energy records. Last year, California ran on 100% clean electricity for the equivalent of 51 days – with the grid running on 100% clean energy for some period three out of every five days.

Press releases, Recent news

Recent news

May 16, 2025

News What you need to know: The state is investing almost $1.7 billion for improvements to California’s highway system, including $86.5 million for improvements to infrastructure damaged during the Los Angeles firestorms earlier this year. SACRAMENTO – Governor Gavin…

May 16, 2025

News SACRAMENTO – Governor Gavin Newsom kicked off #WorldTradeMonth with a round of key international interviews with journalists from major broadcast networks in Canada, Japan, Mexico, South Korea, and the United Kingdom. In the interviews, Governor Newsom addressed…

May 15, 2025

News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring May 2025 as “Small Business Month.”The text of the proclamation and a copy can be found below: PROCLAMATIONCalifornia’s more than 4.2 million small businesses – the most of any…

MIL OSI USA News –

May 20, 2025
MIL-OSI: No Credit Check Loans – Credit Clock is the Number 1 Pick for US Customers
Source: GlobeNewswire (MIL-OSI)

Memphis, May 19, 2025 (GLOBE NEWSWIRE) —

Do you have a hard time making both ends meet and require immediate cash? In most cases, having a poor credit score can make it tough to locate a lender that is willing to give you a no credit check loan.

However, there’s no need to worry—we have good news for you. Our team has extensively researched the American market and identified the most exceptional lenders that offer no credit check loans.

These loans help you cover unexpected expenses and financial shortfalls. As such, they serve as reliable financial aid for emergencies and assist between pay periods. Read on to get more insight on them.

Click Here to Apply

Top US No Credit Check Loan Lenders
1. Credit Clock: Longer loan repayment periods
Credit Clock is a top selection for borrowers with bad credit and no credit history looking to obtain no credit check loans in the US in 2025. The company is best known for its longer repayment periods, which give the borrower ample time to repay the loan. The loan amounts start from $100 to $5,000. This amount range ensures that you meet your financial needs. On top of that, no extra charges or costs are added to the loan.

Below are some of the benefits of using Credit Clock as your preferred lender:
- Flexible repayment periods of up to 24 months.
- Fast approval processes.
- Flexible lending amounts.
- Reputable lenders.
- Soft credit checks.
- No hidden charges or costs.
Credit Clock ensures that you get your loans in time through same-day approvals, helping your financials meet your needs.

What Is a No Credit Check Loan?

A no credit check loan is a type of loan that does not require the lender to perform credit checks on the borrower. As such, credit history and credit score are not important factors to consider when approving such loans. This fact makes no credit check loans a suitable borrowing option for individuals who have poor credit scores or bad credit histories and have no chance of being granted loans by financial institutions.

These loans do not require any security as collateral and are usually accompanied by interest rates that are relatively higher than those offered by conventional financial institutions. Therefore, it is highly advised that you thoroughly examine the fees, rates, and terms before taking them.

What Are the Examples of No Credit Check Loans

Several types of loans can be extended to borrowers without having hard credit checks performed. They include:
1. Payday loans – These are short-term loans that are taken to be repaid on the borrower’s next payday. They are taken in small amounts that could range from a few hundred dollars to a few thousand dollars and are meant to cover unexpected expenses before payday.
2. Car title loans – These are secured loans that use the vehicle as collateral. The lenders of car title loans tend to hold onto the title of the vehicle until the loan is paid back in full. It is key to note that they have high-interest rates and fees.
3. Cash advance – A cash advance is a type of short-term loan that allows you to borrow money against your future paycheck. Cash advances can be obtained through your credit card or a payday lender.
4. No credit check installment loans – An installment loan is a type of loan that is repaid over time through a series of scheduled payments or, better yet, installments. They can be used for various purposes, such as home repairs, medical bills, or car purchases, and are available through a variety of lenders.
5. Personal lines of credit – A personal line of credit is a flexible borrowing option that allows you to access funds as needed, up to a predetermined credit limit. These are similar to credit cards, but instead of a revolving credit limit, you are given a line of credit that you can draw from as needed.
What to Look at to Get the Best No Credit Check Loan

When obtaining a no credit check loan, there are important aspects that must be considered to ensure you not only get the best lenders and offers but also make an informed decision. Some of those factors include:
1. Interest rates – The interest rate, being the amount that the lender charges on the loan has to be compared between various lenders to ensure that you get the lowest rates available.
2. Fees – It is important to read carefully the terms of the loans and understand all the fees associated with the loan before agreeing to it. These fees may include origination fees and late repayment fees among others.
3. Online reviews – It is of the essence to take a sneak peek at the online reviews of the possible lenders to have a glimpse of what previous borrowers have to say. This will give you an idea of the lender’s reputation and customer service.
4. Licensing – Laws regarding no credit check loans are not similar in all states. As such, it is important to ensure that the lender you choose is licensed to operate in your state and is compliant with all state laws. Licensed lenders tend to follow the regulations on fee limits, interest rates, and loan terms.
5. Terms – Understand the loan terms and conditions, such as the repayment period, payment frequency, and any penalties for early or late repayment. Ensure that the terms are favorable and suit your financial needs.
Alternatives to No Credit Check Loans

When you need quick cash, you may consider getting a no credit check loan. However, it is important to note that there are several alternatives to no credit check loans. Here are some options, especially if you have a good credit score:
1. Personal loans – If you have a good credit score, you may be able to qualify for a personal loan from a bank, credit union, or online lender. Personal loans typically have lower interest rates than no credit check loans and may have more flexible repayment terms.
2. Co-signer loans – Getting a co-signer with good credit to apply for a loan gives you a higher chance of approval and getting a favorable interest rate. However, it is important to repay the loan on time to improve your credit and avoid leaving the co-signer responsible for the payments.
3. Credit unions – Unlike banks, credit unions offer loans at lower interest rates than most traditional lenders. They often provide flexible repayment terms and lower fees.
4. Secured loans – Secured loans require collateral, such as a car or property, to secure the loan. They have lower interest rates than unsecured loans as the collateral reduces the risks associated.
5. Bad credit loan lenders – These are lenders who are specifically designed for borrowers with poor credit scores. These lenders offer loans with higher interest rates and fees, but they are more willing to lend a helping hand if you have a low credit score.
Eligibility Criteria for No Credit Check Loans

Even though no credit checks are performed for no credit check loans, there are several other background checks that lenders perform to ensure eligibility. They are:
- A US citizenship.
- Be at least 18 years of age.
- A verifiable source of income.
- An active bank account.
- Functional contact details.
The above qualifications are easily met by a fair share of applicants and as a result, high approval rates are attributed to no credit check loans.

In addition, the application processes are easy to follow, and the cash payouts are almost instantaneous, as they are instantly approved.

Frequently Asked Questions

Do I have to visit a physical store to apply for a no credit check loan?

No, most lenders offering no credit check loans have online applications. You can apply for the loan online and receive the funds directly deposited to your bank account.

How much can I borrow?

The amount you can borrow depends on the lender’s policies. The maximum amount you can get from a no credit check loan is $50,000.

Do I have to pay fees?

Not necessarily. Most lenders do not charge prior or extra fees for loans. Nonetheless, some charge application fees, processing fees, and late payment fees. The fees vary by lender, and you should review the terms and conditions carefully before accepting a loan offer.

Are no credit check loans a good idea?

No credit check loans are a good option for people with bad credit or no credit history who need quick cash. However, it is vital to ensure that you can adhere to the loan’s terms and policies.

What happens if I miss a loan repayment?

If you miss a loan repayment for a no credit check loan, you will likely face additional fees and interest charges. In addition, your credit score may be negatively impacted, making it harder for you to obtain credit in the future. Some lenders may also report late payments to credit bureaus, which can lower your credit score. It’s important to contact your lender as soon as possible if you think you may miss a payment and work out a plan to avoid any negative consequences.

Company Name:Payday Ventures Ltd (trading as Credit Clock)
Email:business@paydayventures.com
Phone:+44 208 064 1293

Disclaimer & Affiliate Disclosure

The information presented in this press release is provided for general informational purposes only and does not constitute financial advice, lending advice, or legal guidance. Credit Clock is not a lender, does not make credit decisions, and does not issue any loan or financial product directly. All loans are subject to the approval criteria and underwriting processes of independent third-party lenders or lending networks, which may include additional checks and verification of eligibility.

Loans facilitated through the Credit Clock platform are available to individuals aged 18 and over, contingent upon status, state of residence, and the criteria set by lending partners. Availability of products and services may vary by jurisdiction and may not be accessible to residents of all U.S. states. Services are explicitly unavailable in the following states: Arkansas, Connecticut, New Hampshire, New York, Montana, South Dakota, Vermont, West Virginia, Indiana, and Minnesota.

This press release may contain references to third-party offers, services, or products. Any representations, benefits, rates, or terms mentioned are subject to change at the sole discretion of the respective provider. No guarantees are made regarding loan approval, loan amounts, or funding timelines. While some lenders may offer loans up to $5,000, this amount is not guaranteed and will depend on individual qualifications and lender policies. Some lenders may conduct soft or hard credit checks with credit bureaus such as Experian, Equifax, or TransUnion, or use alternative credit reporting systems.

No Guarantee of Loan Approval or Terms

Completing the online form does not constitute a loan application and does not guarantee approval, qualification, or receipt of funds. Credit Clock uses a proprietary algorithm to connect users with potential lenders based on the borrower’s profile and the available lending options within its network. Not all lenders or loan products are accessible through this service, and users are encouraged to independently evaluate all available financial solutions to determine what best suits their individual needs.

Funding Model and Compensation Disclosure

This website does not charge users any fees for submitting loan requests. The operator of this website is a broker, not a direct lender. Compensation is received from lenders, lender networks, and other marketers in the network when a user is matched and offered a financial product or alternative lending option through this platform.

Annual Percentage Rates (APR) and Terms

Representative APRs for installment loans accessed through this service may range from 5.99% to 35.99%. The minimum repayment term is 61 days. Actual APRs and loan terms may vary depending on the borrower’s creditworthiness, financial history, state of residence, and lender assessment. APR disclosures are based on historical lender data and are illustrative only; they do not reflect a guarantee of rates. Not all users will qualify for the lowest advertised rates.

Tribal Lender Disclosures

Some lending partners may operate under tribal jurisdiction and are governed by federal and tribal laws, not state law. As such, rates, fees, and loan terms may differ substantially from those offered by state-licensed lenders and may be higher in certain cases. Consumers should review all loan agreements thoroughly before accepting terms.

Publisher & Syndication Partner Disclaimer

The content herein is distributed for informational purposes only and reflects the opinions of the original source at the time of publication. All facts, figures, representations, and claims regarding loan services or benefits are provided by Credit Clock and are subject to change without notice. Neither the publisher of this press release nor any affiliated distribution or syndication network shall be held liable for errors, inaccuracies, outdated information, or omissions contained herein. This release may contain typographical errors or inadvertent misstatements.

Parties interested in financial products described herein are strongly advised to conduct independent due diligence, verify terms directly with lenders, and seek appropriate legal or financial counsel prior to entering any agreement.

The MIL Network –
May 20, 2025
MIL-OSI: BigCommerce to Present at Baird Global Consumer, Technology & Services Conference

Source: GlobeNewswire (MIL-OSI)

AUSTIN, Texas, May 19, 2025 (GLOBE NEWSWIRE) — BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands, retailers, manufacturers and distributors, today announced that Chief Financial Officer Daniel Lentz will present and host meetings with institutional investors at the Baird Global Consumer, Technology & Services Conference on Tuesday, June 3, 2025 at 10:50 a.m. Eastern Time (9:50 a.m. Central Time).

A live webcast of the presentation will be accessible from the BigCommerce investor relations website at https://investors.bigcommerce.com. Following the event, a replay will be made available at the same location.

About BigCommerce

BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers and distributors of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated professional-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.

BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.

The MIL Network –

May 20, 2025
MIL-OSI Economics: China Round Table on WTO Accessions, focusing on Arab economies, concludes in Muscat

Source: WTO

Headline: China Round Table on WTO Accessions, focusing on Arab economies, concludes in Muscat

Entitled “Advancing Arab Economies: From Strategic Accessions to Global Trade Integration”, the 13th China Round Table highlighted the benefits of WTO membership for economic policy coherence, growth and development. With the aim of informing the strategies of other acceding economies, the event explored how accession has enabled Arab economies to reform their trade regimes and engage more effectively with the multilateral trading system. The challenges that members faced immediately following their accession were also examined.
A high-level session celebrated the 25th anniversary of Oman’s WTO accession and recognized the challenges that Oman faced on its path to accession, as well as the contributions that Oman has made to the multilateral trading system.
Opening the Round Table, Oman’s Undersecretary for Commerce and Industry, Dr Saleh bin Said Masan, said: “Since joining the WTO in November 2000, Oman has been an active and committed member of the multilateral trading system. It has always regarded membership of the WTO as a strategic step towards enhancing its role in the global economy and deepening its co-operation with countries around the world.”
Highlighting the importance of the China Round Table in fostering cooperation among nations, Dr Saleh added: “It seems timely to consider efforts to restore the central role of the WTO as a platform for resolving global trade issues. The WTO should serve the interests of all countries, regardless of their level of economic development, in line with the principles enshrined in its founding agreement.
In addition to acceding economies, participants at the Round Table included the Gulf Cooperation Council (GCC) member states – namely, the Kingdom of Bahrain, the State of Kuwait, Oman, Qatar, the Kingdom of Saudi Arabia and the United Arab Emirates – and representatives of the International Trade Centre (ITC), United Nations Trade and Development (UNCTAD) and the World Bank Group. Comoros, which became a WTO member in August 2024, also participated in the Round Table.
China’s Vice Minister of Commerce, Mr Yan Dong, said: “The 13th China Round Table is a unique opportunity to discuss how to help developing countries speed up accessions and benefit from the multilateral trading system. … As the global landscape undergoes rapid changes unseen in a century, accelerating accessions of developing countries, especially LDCs, to the WTO, and better integrating them into the multilateral trading system is conducive not only to their economic resilience and recovery, but also to the vitality and representation of the WTO.”
WTO Deputy Director-General Xiangchen Zhang said: “Oman’s journey since 2000 shows how the multilateral trading system can underpin bold diversification and outward-looking reform.”
Underscoring the relevance of the 13th China Round Table, DDG Zhang noted: “These round tables have supported many acceding countries in their journeys, and we expect that they will continue to make further progress for the rest of the year. Eight members of the Arab League remain outside the WTO and seven of them have been negotiating, on average, for twenty years. … These numbers speak of untapped potential – potential that accession can unlock by anchoring domestic reforms, attracting investment and fostering regional integration. … Pragmatic solutions, creative flexibilities and targeted technical assistance can minimize years of negotiations and deliver concrete development dividends.”
The Round Table addressed the state of play of current accession negotiations in the context of preparations for the 14th WTO Ministerial Conference (MC14), to be held in March 2026, with Ethiopia and Uzbekistan stating that they intend to complete their accession processes by MC14. The discussion also highlighted the need to better leverage technical assistance and capacity-building activities to support both accession efforts and new members’ participation in the WTO.
Participants also explored the role of the private sector in facilitating WTO accession and promoting regional integration. A dedicated session on Oman’s economic diplomacy provided insights into how trade can contribute to economic resilience, long-term peace and sustainable prosperity.
Acceding governments and interested WTO members meet annually at the China Round Table to discuss the integration of new economies into the rules-based multilateral trading system. Of the 22 members of the League of Arab States, 14 are WTO members, seven are currently undertaking the accession process, and one has held observer status in WTO ministerial conferences since 2005.
More information on the 13th China Round Table is available here.
The China Round Tables are among the activities of the China Programme, which supports and finances activities under six pillars:
An accessions internship programme at the WTO
Annual China Round Tables on WTO accessions
Increasing participation of LDCs in WTO meetings
South-South dialogue on LDCs and development
Follow-up workshops to LDCs’ Trade Policy Reviews
An LDC Experience Sharing Programme.
More information on WTO accessions can be found here.

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MIL OSI Economics –

May 20, 2025
MIL-OSI USA: Republican Budget Bill Threatens Health Coverage

Source: US State of New York

overnor Kathy Hochul today updated New Yorkers on the harmful effects of several healthcare provisions already passed from the House Ways & Means and Energy & Commerce committees for the Republican budget reconciliation bill. These provisions collectively amount to an annual loss of nearly $13.5 billion for New Yorkers and our healthcare sector, jeopardizing healthcare access for millions of New Yorkers while imperiling the state’s hospitals and other healthcare providers.

“House Republicans are unrelenting in their pursuit to slash critical safety net programs like Medicaid that millions of New Yorkers rely on,” Governor Hochul said. “I’ll say it again, no one State can backfill these massive cuts – our Republican congressional members must speak out and push back to protect New Yorkers, now.”

The provisions as currently written will lead to substantial changes in how the critical public insurance programs Medicaid and the Essential Plan are funded and administered across the state. According to the text of the bill language as passed by Ways & Means, more than half (50%) of Essential Plan funding — more than $7.5 billion — would be slashed, threatening the future of the program, and causing hundreds of thousands of New Yorkers to lose coverage. That same Ways & Means text would shift almost $3 billion of costs to the State, and result in billions of dollars in cuts to the State’s healthcare providers.

In addition to the devastating financial losses to the Essential Plan, the text of the bill language as passed by Energy & Commerce requires states to impose stricter work reporting requirements and onerous verification processes for Medicaid, both of which will significantly increase the administrative burden of the program, thus making coverage more difficult to access. All told, the Republican bill would cause nearly 1.5 million New Yorkers to lose coverage and become uninsured. The Republican bill would also eliminate critical funding mechanisms long used to support our healthcare providers, place enormous strain on the health care system and trigger widespread impacts across local economies. The state anticipates an additional fiscal impact of more than $3 billion due to the Energy & Commerce language, including approximately $500 million in new administrative costs alone.

View a congressional district-by-district breakdown on anticipated funding losses here.

New York State Health Commissioner Dr. James McDonald said, “The proposed changes to federal health care funding would have serious consequences for New York State. Losing coverage for nearly 1.5 million New Yorkers would lead to significantly worse health outcomes for New Yorkers and would put immense strain on our health care system. We remain committed to working with all levels of government to protect access to quality, affordable care for all New Yorkers.”

Senate Minority Leader Charles Schumer said, ““This is as cruel and heartless as it gets. Trump and House Republicans want to kick 1.5 million New Yorkers off their health insurance and rip away $13.5 billion from NY’s hospitals and healthcare economy so they can have bigger tax breaks for billionaires & corporations. NY House Republicans promised for months they would protect Medicaid, but now New Yorkers know the truth: they never intended to keep that promise, and this confirms it. This isn’t targeting waste and fraud, this is a rushed plan to bankroll Trump’s tax breaks for the ultra-rich paid for by ripping away healthcare for New Yorkers. Hospitals and nursing homes will shutter, premiums will go up, families will suffer, and health care workers will lose their jobs. NY House Republicans need to stand up to Trump and stand up for New York, and stop the largest cut to healthcare in American history.”

Senator Kirsten Gillibrand said, “This proposal would be catastrophic for the millions of Americans who rely on Medicaid. Republicans should be focused on bringing down the cost of essentials; instead, they are making health care harder to access and more expensive. They have proposed work requirements for Medicaid that ignore the fact that most Medicaid recipients already work, and would cost New York State an estimated $500 million to administer and enforce – all for minimal cost savings. The Republican bill puts kids at risk of losing health care through Medicaid and CHIP and puts the future of our state’s many rural hospitals in jeopardy. This is an unacceptable piece of legislation, and I will be doing everything in my power to stop it from passing.”

House Democratic Leader Hakeem Jeffries said, “Across our great state, millions rely on Medicaid for life-saving and life-sustaining healthcare coverage. Under the Republican plan, 1.5 million New Yorkers would lose their insurance, including over 60,000 residents of the Eighth Congressional District, as part of a toxic scheme to enact massive tax cuts for billionaires like Elon Musk. Nursing homes will close, hospitals will shut down and Community Health Centers will lose funding. It is time for House Republicans in New York to come up with the courage to stand up for their constituents and join with Democrats to prevent this devastating attack on the healthcare that New Yorkers depend on to survive.”

Representative Jerrold Nadler said, “The House Republicans’ dangerous budget reconciliation bill would rip health care away from nearly 14 million Americans, including 1.5 million New Yorkers. Let’s be clear: this is an attack on the health care millions of families rely on, and it has nothing to do with fighting fraud, waste, or abuse. These cuts would fall hardest on children, women, seniors, and people with disabilities. It’s a shameful assault on the most vulnerable in our society, all to bankroll tax cuts for the ultra-wealthy. Every member of New York’s Congressional Delegation has a moral obligation to vote no on this devastating bill. To do anything less would be a callous betrayal of the New York families we represent.”

Representative Nydia Velázquez said, “This is a calculated, partisan attack on New York by extremist Republicans who would rather dismantle public healthcare than ask billionaires to pay their fair share. Gutting the Essential Plan and subtracting $13.5 billion from the New York State economy is not sound policy; it is an assault on immigrants, workers, and underserved communities. These cuts will devastate safety net hospitals, strip coverage from over a million people, and punish states that remain committed to upholding their moral responsibility to provide care for all.”

Representative Yvette D. Clarke said, “My Republican colleagues are so determined to gift tax breaks to their billionaire donors that they’ll strip healthcare from millions of Americans just to fund them. Let’s be clear: New Yorkers will lose their lives from the proposed cuts to Medicaid and other critical safety nets. Families won’t be able to afford to put food on the table, much less access the care they depend on to survive. For the safety and health of our communities and those across the nation, Congress has a moral responsibility to draw a line in the sand and not allow these cruel cuts to pass.”

Representative Paul Tonko said, “I spent last week in Congress stating in the strongest possible terms my opposition to the Republicans’ budget betrayal and sharing the personal, devastating impacts these cuts would have on the communities and constituents I represent. New York State stands to lose billions of dollars in cuts to Medicaid from the reduced federal match, the provider tax provisions and more senseless provisions in this cruel package. Too many lives are at stake: I will continue to fight against this heartless budget with everything I’ve got.”

Representative Grace Meng said, “As it stands, the GOP budget would threaten health care for hundreds of thousands of Queens residents in my district and the health care providers throughout New York that serve them. My Queens district has hundreds of thousands of Medicaid enrollees, many of which are children and seniors. Drastic cuts in federal funding will leave untold numbers without care and make it increasingly burdensome for local hospitals and community health centers to provide vital services. Health care is a basic need and the budgetary cuts the GOP is attempting to make will decimate our health care system in Queens and beyond.”

Representative Adriano Espaillat said, “House Republicans remind us daily where their loyalties lie, even if it means supporting Donald Trump’s budget cuts that put millions of Americans at risk of becoming uninsured and hospitals in peril of losing critical funding to care for patients around the nation. The GOP’s attack on Medicaid harms more than 500,000 Medicaid recipients in my district, and I am doing all that it takes to combat these reckless policies that threaten our communities and health care throughout our state.”

Representative Joe Morelle said, “President Trump’s plan to slash funding for Medicaid and the Essential Plan would take health care coverage away from thousands of Rochester residents, including vulnerable children and retirees. These reckless cuts would overwhelm emergency rooms with uncompensated care and devastate both our health care system and local economy. We cannot let this happen—I will continue fighting in Congress to protect these lifesaving programs.”

Representative Dan Goldman said, “The Trump/Republican budget bill puts billionaires first and working-class Americans last. Every New York Republican in the House has voted to support the framework of a Republican budget that would strip away health care from nearly 14 million people, cut taxes for billionaires and raise taxes on working-class Americans, gut food benefits for the poor, maintain the Trump SALT cap, cancel clean energy projects, and increase the deficit by trillions of dollars. This bill is a betrayal of GOP campaign promises and the promise that the American Dream is accessible to everyone. New York Republicans must be held accountable for turning their backs on their own constituents.”

Representative Tom Suozzi said, “The Reconciliation Budget bill will hit NY hospitals and nursing homes hard, while cutting health insurance for millions of Americans. These cuts will happen while giving unnecessary tax cuts to the wealthiest among us while adding $4 trillion to the deficit. I will keep up the fight for the health care New Yorkers deserve.”

Representative Timothy M. Kennedy said, “Despite months of insisting they would not cut Medicaid, House Republicans are showing their true colors, eliminating critical social safety nets in order to force through a budget-busting tax break for billionaires. As families struggle to make ends meet, the House Republicans’ spending bill shows where their true priorities lie: helping the ultra-rich over their working-class constituents. Western New Yorkers cannot afford this anti-working family agenda.”

Representative George Latimer said, “Everyday Americans will suffer if the Republicans’ budget becomes law. 196,000 people in my district will have their healthcare taken away – from children to seniors, and the disabled. I’m sure the state and hospitals will step in the best they can, but care will be much more expensive if these Medicaid cuts go into effect. For what? Tax breaks for billionaires. It’s unconscionable.”

Representative Josh Riley said, “The House Republicans’ dangerous budget reconciliation bill would rip health care away from nearly 14 million Americans, including 1.5 million New Yorkers. Let’s be clear: this is an attack on the health care millions of families rely on, and it has nothing to do with fighting fraud, waste, or abuse. These cuts would fall hardest on children, women, seniors, and people with disabilities. It’s a shameful assault on the most vulnerable in our society, all to bankroll tax cuts for the ultra-wealthy. Every member of New York’s Congressional Delegation has a moral obligation to vote no on this devastating bill. To do anything less would be a callous betrayal of the New York families we represent.”

Senate Majority Leader Andrea Stewart-Cousins said, “While House Republicans in Washington are advancing a budget that would devastate New York’s health care system—stripping coverage from 1.2 million New Yorkers and costing our state more than $11 billion annually—we are doing the opposite. In our state budget, we’ve expanded mental health services, restored funding to distressed hospitals, and invested in reproductive and primary care access. We are protecting people, not cutting them off. This federal proposal is not just reckless—it’s cruel. Every New Yorker should contact their member of Congress and demand they reject this dangerous plan. We can’t stand by while Washington plays politics with people’s lives.”

Assembly Speaker Carl Heastie said, “This decision will devastate New Yorkers seeking healthcare and providers all across our state. It’s time for the Republican members of New York’s congressional delegation to stand up and stand against this decision that will harm their constituents directly.”

Greater New York Hospital Association President Ken Raske said, “These proposals will strip health coverage from millions of hardworking individuals, drive up uncompensated care costs for financially struggling hospitals, and shift unsustainable costs to New York State. The Ways and Means Committee’s immigration coverage provision alone could cost our hospitals $1.3 billion per year from uncompensated care increases and lower reimbursement levels. This will harm all patients, not just those with Medicaid coverage. These proposals will wreck New York’s hospital system.”

Hospital Association of New York State President Bea Grause said, “The House budget reconciliation bill threatens to shatter New York’s already fragile healthcare system. This perfect storm of a bill threatens our patients’ access to care, the jobs our healthcare system supports and the economies of our local communities. Washington should be advancing bills that ensure our hospitals, nursing homes and other providers are there when New Yorkers need them. This bill does the opposite. HANYS calls on every member of the New York Congressional delegation to vote no on this bill.”

MIL OSI USA News –

May 20, 2025
MIL-OSI Asia-Pac: CEDB and GACC sign Cooperation Arrangement on Single Window between Mainland and Hong Kong (with photos)

Source: Hong Kong Government special administrative region

CEDB and GACC sign Cooperation Arrangement on Single Window between Mainland and Hong Kong
     The Cooperation Arrangement was signed by the Secretary for Commerce and Economic Development, Mr Algernon Yau, and the Minister of the GACC, Ms Sun Meijun.

     Mr Yau said that the Mainland is Hong Kong’s largest partner in trade in goods with frequent cross-boundary trade. An efficient and convenient cargo clearance process between the two places is of utmost importance. As an important trade facilitation measure, Single Window provides a one-stop electronic platform for the trade to lodge various types of trade documents for trade declaration and cargo clearance. The CEDB and the Hong Kong Customs and Excise Department (C&ED) have been maintaining close liaison with the GACC on the development of Single Window, and sharing experiences and exploring opportunities for collaboration with the Mainland authorities through the established Single Window Expert Group. The signing of the Cooperation Arrangement will allow collaboration and interconnectivity of the systems of the two places to reach new heights, enhancing the existing mechanism of exchange and co-operation, as well as exploring different areas of collaboration.

     The implementation of Single Window will enhance the efficiency of cargo clearance in Hong Kong and consolidate Hong Kong’s status as an international trade centre and logistics hub. The CEDB is implementing Single Window in three phases, with Phase 1 and Phase 2 in full service since 2020 and 2023 respectively, covering a total of 42 types of trade documents. Phase 3 services will be rolled out in batches from 2026 onwards. By then, the system will be connected with the Mainland’s Single Window.

     In addition, to promote the development of cargo clearance facilitation between the two places, the GACC and the C&ED launched the Mainland-Hong Kong “Single Submission for Dual Declaration” Scheme in November 2024, covering all cargo imported from the Mainland to Hong Kong through land boundary control points. The Scheme helps enterprises save time and manpower required for declaration and minimise operating costs. To enhance the facilitation, the Scheme will cover all cargo passing through land boundary control points between the two places starting from today, enabling industry stakeholders to reuse road cargo information when submitting to the systems of both sides, thereby further facilitating the trade and enhancing efficiency.

     The Scheme will be reprovisioned in Phase 3 of Single Window. The Government will maintain close collaboration with the GACC to explore the feasibility of extending the relevant functions to other trade documents and transport modes.
Issued at HKT 18:56

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CategoriesMIL-OSI

MIL OSI Asia Pacific News –

May 20, 2025
MIL-OSI: Best Personal Loans for Bad Credit Guaranteed Approval 2025: Top Provider with No Credit Check & Fast Approval – LowCreditFinance
Source: GlobeNewswire (MIL-OSI)

New York City, NY, May 19, 2025 (GLOBE NEWSWIRE) —

Secure Emergency Loans for Bad Credit with Guaranteed Approval – Explore Leading No Credit Check Lenders for Quick and Reliable Funding Solutions in 2025

When life throws unexpected expenses your way, finding a trustworthy lender—especially with less-than-perfect credit—can feel overwhelming.

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Top Personal Loans for Bad Credit Guaranteed Approval Options Today

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Life is full of surprises—some good, some not so much. Whether it’s an unexpected car repair, medical bill, or an opportunity you can’t pass up, sometimes you need extra cash, and you need it fast. If your credit isn’t perfect, this can feel overwhelming. That’s where LowCreditFinance steps in.

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With such variety, you’re likely to find a loan option that fits your circumstances—even if you’ve been turned down elsewhere.

Speed and Convenience

One of the biggest advantages of using Low Credit Finance is how fast everything moves. The online application is simple, and you can receive a lending decision almost instantly. If you’re approved, the funds could be in your bank account in as little as an hour. This makes Low Credit Finance a great choice for anyone facing urgent financial needs and can’t afford to wait days or weeks for traditional approval.

Security and Privacy

Applying for a loan online means sharing sensitive information, so security is a big concern. Low Credit Finance uses advanced encryption and privacy measures to ensure your data stays safe. All information submitted is 100% secure, and they’re transparent about how your information is used—primarily to match you with the best lender.

Fees, Rates, and Transparency

Low Credit Finance itself does not charge any fees for using their service. Instead, they receive compensation from lenders if you accept a loan offer. This means you can use their platform to shop around for free.

APR rates from their network of lenders range from 5.99% to 35.99%. The exact rate and terms depend on your creditworthiness, the loan amount, and the lender’s policies. Before you accept any loan, make sure you review the terms carefully, including fees, interest rates, and repayment schedules. Low Credit Finance encourages borrowers to compare options and make informed decisions.

What Do Customers Say?

Customer reviews highlight the speed, simplicity, and accessibility of Low Credit Finance’s service. Many users appreciate being able to apply with bad credit and still receive offers, sometimes within minutes. The easy-to-follow application and clear communication from lenders are also frequently praised.

As with any loan service, experiences can vary based on individual circumstances and the lenders you’re matched with. Always read the fine print and ask questions if anything is unclear.

Customer Support

Should you have any questions or concerns, Low Credit Finance offers 24/7 email support at support@lowcreditfinance.com. Their FAQ section also covers common questions about the application process, eligibility, and what to expect.

Things to Consider

While Low Credit Finance offers many benefits, it’s important to remember:
- They are not a direct lender; they connect you with lenders.
- Loan approval and terms depend on the lender’s requirements.
- Always review loan offers carefully and compare multiple options.
- Some lenders may perform a credit check or require additional information.
Is Low Credit Finance Right for You?

If you need quick access to funds and worry your credit score will hold you back, Low Credit Finance is worth considering. Their easy application, broad lender network, and commitment to helping people with all credit backgrounds make them a standout option for emergency borrowing or larger financial needs.

With no upfront fees, a secure process, and the potential to receive funds in just 60 minutes, Low Credit Finance puts fast, flexible loans within reach—even if your credit history isn’t perfect. As always, borrow responsibly, review your options carefully, and choose a loan that fits your budget. For many, Low Credit Finance could be the helping hand you need when life throws you a curveball.

Introduction to Personal Loans

Life can be unpredictable, and sometimes, unexpected expenses pop up when you least expect them—whether it’s a medical bill, urgent car repair, or an opportunity you don’t want to miss. For many people, especially those with less-than-perfect credit, finding a way to cover these costs can feel overwhelming. That’s where personal loans come in, offering a lifeline when you need it most.

What Are Personal Loans and How Do They Work?

Think of a personal loan as a helping hand for life’s expenses. Unlike a mortgage or a car loan, which are tied to specific purchases, personal loans are what’s called “unsecured”—you don’t have to put your house or car on the line to qualify. Instead, you borrow a lump sum and pay it back in fixed monthly installments over a set period, usually between one and five years.

What makes personal loans so useful is their flexibility. You can use the funds for just about anything: consolidating high-interest credit card debt, making home improvements, covering emergency medical expenses, or even planning a special event. The freedom to choose how you use the money is a big part of their appeal.

Options for People with Bad Credit

If your credit score isn’t perfect, you might feel like your options are limited. But the good news is that there are personal loans designed specifically for people with bad credit. These lenders understand that a credit score doesn’t tell the whole story and are willing to look at your overall financial picture, such as your income and ability to repay.

Some lenders even offer “guaranteed approval” loans, meaning your chances of getting approved are much higher—even if your credit history has a few bumps. And in many cases, you won’t need to undergo a traditional credit check, which can be a relief if you’re worried about another inquiry hurting your score.

Fast and Convenient Applications

Gone are the days of filling out stacks of paperwork and waiting weeks for a decision. Today, applying for a personal loan is usually quick and easy. Most lenders offer online applications that you can complete from the comfort of your home—sometimes in just a few minutes. You simply enter some basic information, and in many cases, you’ll get an answer within hours.

If you’re approved, the money can often be deposited into your bank account as soon as the same business day. This speed can make all the difference when you’re dealing with an emergency or time-sensitive expense.

Flexible Repayment That Fits Your Life

One of the biggest sources of financial stress is not knowing how much you’ll owe from month to month. That’s why the structure of personal loans can be such a relief. With fixed monthly payments, you get predictability—no more guessing or worrying about surprise bills. You know exactly how much to set aside each month, which makes planning your budget a whole lot simpler.

But the flexibility of personal loans goes beyond just predictable payments. Many lenders understand that life isn’t always smooth sailing, so they offer options that help you stay in control, even when things get bumpy. For example, you might be able to select your own payment date, aligning it with your payday or another time that works best for you. This little detail can make a big difference, helping you avoid late fees and unnecessary stress.

Some lenders also allow you to make extra payments without any penalties. This means if you ever have a little extra cash—maybe from a bonus at work or a tax refund—you can put it toward your loan and pay it off faster. Not only does this save you money on interest, but it can also give you a real sense of progress and empowerment as you watch your balance shrink.

Having this kind of flexibility is especially important if you’re working to rebuild your credit. On-time payments are one of the most important factors in your credit score, and being able to stick to a manageable payment schedule makes it much easier to stay on track. As you make those consistent payments, you’re not just chipping away at your debt—you’re also showing future lenders that you’re responsible and creditworthy.

Ultimately, personal loans with flexible repayment options offer more than just money—they provide peace of mind. They give you breathing room and the tools you need to move forward financially, one manageable step at a time.

Clear Terms and Peace of Mind

When it comes to borrowing money—especially if you’ve had credit challenges in the past—there’s nothing more important than feeling confident and secure about your decision. Unfortunately, the world of loans can sometimes feel like a maze of jargon, hidden fees, and terms buried in the fine print. That’s why working with lenders who are clear and upfront about their terms makes such a huge difference.

A transparent personal loan provider will lay everything out for you: the interest rate, the total amount you’ll repay, the monthly payment, and any fees involved. There shouldn’t be any surprises, and you should feel comfortable asking questions. If something isn’t clear, a trustworthy lender will take the time to explain it in plain language. This openness not only protects you from unexpected costs but also builds trust—something that’s priceless when your finances are on the line.

This kind of clarity is especially important for people with bad credit, who may have already dealt with overwhelming debt or confusing lending terms in the past. Knowing exactly what you’re signing up for allows you to plan ahead and avoid falling into the traps that can make financial recovery even harder.

Taking out a personal loan is a big step, and it’s normal to feel nervous. But when you can see all the details up front, it’s easier to move forward with confidence. You can compare offers, weigh the pros and cons, and make a decision that truly fits your situation.

In the end, clear terms and honest communication aren’t just nice to have—they’re essential. They help turn what could be a stressful experience into a manageable one, giving you the peace of mind you need to focus on your goals and build a brighter financial future.

Understanding Credit Scores: Why They Matter for Personal Loans

After finding a loan with clear terms and flexible repayment, you might start to wonder: what role does your credit score really play in all of this? Understanding credit scores—and how they affect your loan options—can empower you to make better financial decisions and ultimately secure the best deal possible.

What Is a Credit Score and How Is It Calculated?

A credit score is essentially a three-digit number that represents your creditworthiness. It’s calculated based on your credit history, including how reliably you’ve paid your bills, how much debt you have, and how long you’ve been using credit. The most commonly used scoring model is the FICO score, which ranges from 300 to 850. In general, the higher your score, the more favorably lenders will view you.

How Credit Scores Affect Loan Approval and Interest Rates

When you apply for a personal loan, lenders look at your credit score as one of the main factors in their decision-making process. A high credit score usually means you’re more likely to be approved and to receive lower interest rates, which can save you a lot of money over the life of your loan. On the other hand, a low or “bad” credit score can make it harder to qualify and may result in higher interest rates.

That said, a poor credit score isn’t the end of the road. Some lenders specialize in personal loans for bad credit, offering guaranteed approval or more flexible criteria. These loans can provide a valuable opportunity to access funds when you need them, even if your credit history isn’t perfect.

Factors Beyond the Credit Score

It’s important to remember that your credit score isn’t the only thing lenders consider. They’ll also look at your income, employment status, debt-to-income ratio, and overall credit history. This means that even if your score is lower than you’d like, having steady income or a manageable debt load can help improve your chances of approval.

Building and Maintaining Good Credit

Maintaining a good credit score is one of the best ways to unlock better loan options and lower interest rates. Simple habits like paying bills on time, keeping credit card balances low, and checking your credit report regularly for errors can make a big difference over time. Even if you’re starting with bad credit, taking small, consistent steps can help you rebuild your financial reputation.

By understanding how credit scores work and how they impact your loan options, you’ll be better prepared to find a personal loan that fits your needs—now and in the future.

Credit History and Loan Approval: What Lenders Really Look For

By now, you’ve seen how your credit score can impact the personal loan process—but it’s only part of the bigger picture. When you apply for a loan, lenders don’t just check your score; they take a close look at your entire credit history. This gives them a fuller sense of how you’ve managed money over time, helping them decide if you’re a trustworthy borrower.

Your credit history is detailed in your credit report, which lists your past loans, credit card accounts, payment history, and any late or missed payments. If you’ve had some financial bumps, like missed payments or defaults, lenders might see you as a riskier borrower. This can sometimes mean higher interest rates or, in some cases, loan denial.

However, there’s good news—some lenders are more understanding and offer loans specifically designed for people with less-than-perfect credit. These lenders may focus more on your current income or the steps you’ve taken to get back on track, rather than just your past mistakes. Some even have minimal credit score requirements and put more weight on your ability to repay now, not just what’s happened before.

If you’re looking to improve your chances for the future, making on-time payments, reducing your debt, and avoiding too many hard credit checks are powerful ways to rebuild your credit history. Remember, lenders also look at your income, employment stability, and debt-to-income ratio. Being able to show steady income and responsible financial habits can go a long way.

Ultimately, while your credit history matters, it’s not the only thing that defines you as a borrower. There are always options and steps you can take to strengthen your application and move closer to your financial goals.

Types of Loans for Bad Credit: Exploring Your Options

If you’ve read this far, you know that getting a personal loan with bad credit isn’t impossible—there are actually several different options out there, each with its own advantages and drawbacks. Understanding the different types of loans available can help you choose the one that best fits your needs and financial situation.

Installment Loans: Flexibility and Predictability

Installment loans are one of the most popular choices for borrowers with bad credit. With these loans, you borrow a set amount of money and repay it over time in regular, fixed monthly payments. This structure makes it easier to budget, since you always know what your payment will be. Many people use installment loans for things like debt consolidation or home improvements, since the predictable payments and longer terms can make bigger expenses feel more manageable.

Payday Loans: Fast Cash, High Costs

Sometimes emergencies just can’t wait, and that’s where payday loans come in. These loans are designed to provide quick cash—often within a single business day. However, it’s important to be careful: payday loans typically come with very high interest rates and fees. While they can help cover urgent short-term expenses, the costs can add up quickly, making them a risky option if you’re unable to repay on time.

Unsecured Loans: No Collateral Required

Unsecured loans are another option for those with bad credit. Unlike secured loans, you don’t need to put up any collateral, like your car or home. This can make them more accessible, but it also means lenders may charge higher interest rates or have stricter repayment terms to offset the risk.

Tribal Loans: Unique Terms, Use Caution

Tribal loans are offered by lenders based on Native American tribal land. These loans can be accessible even to those with very poor credit, but borrowers should be cautious. Interest rates and fees for tribal loans can be extremely high, and the legal protections may differ from state-regulated loans.

Credit Check Loans: Favorable Terms for Good Credit

Credit check loans are a common type of personal loan where lenders review your credit report as part of the approval process. If you have a strong credit history and a solid score, these loans can offer some of the most attractive terms available. Lower interest rates, smaller fees, and longer repayment periods are all perks that come with proving your creditworthiness.

People often turn to credit check loans for big-ticket items like home improvements, medical procedures, or consolidating high-interest credit card debt. Because the lender is confident in your ability to repay, you may qualify for higher loan amounts and more flexible terms. This makes it easier to budget for larger expenses over time, without being hit by sky-high monthly payments.

However, approval criteria for credit check loans are typically stricter. Lenders will want to see not just a good credit score, but also a reliable income and manageable debt levels. If you meet these requirements, you could secure a loan with very competitive rates.

Before committing, it’s important to read the loan agreement carefully. Even with a strong credit profile, terms can vary between lenders, and it’s always wise to watch for any hidden fees or conditions. Taking the time to understand the fine print will help you make a confident, informed borrowing decision.

No Credit Check Loans: Fast Funding for Urgent Needs

For many people, the thought of a credit check can be intimidating—especially if your credit history is less than perfect. No credit check loans offer an alternative. These loans skip the traditional credit inquiry, focusing more on your current income and ability to repay. With more lenient approval criteria, they’re often available to those who have been turned down elsewhere.

No credit check loans are typically used for emergencies—like covering a surprise medical bill, urgent car repairs, or other expenses that simply can’t wait. The application process is usually quick and straightforward, sometimes providing funds within hours. This speed can be a lifesaver when time is of the essence.

However, convenience comes at a cost. Because these loans carry more risk for the lender, they often have higher interest rates and fees. Repayment terms are usually shorter and loan amounts smaller, which means you’ll need to pay the money back quickly.

While some lenders do offer flexible repayment options and try to keep fees transparent, it’s essential to read the terms carefully. High costs can add up fast, making it easy to fall into a cycle of debt if you’re not careful. No credit check loans can be useful in a pinch, but they should be approached with caution and used only for true emergencies.

Direct Lender Options: Simplicity and Speed

Navigating the loan marketplace can be overwhelming, especially when third-party brokers get involved. Direct lender options cut out the middleman, allowing you to apply and receive funds directly from the source. This can lead to a smoother process, faster approval, and sometimes lower interest rates, since there are no broker fees to worry about.

Direct lenders often offer more personalized loan experiences, tailoring terms to your financial situation. They may also have more flexibility in approving borrowers with less-than-perfect credit, making them a good choice if you need money quickly and don’t want to jump through extra hoops.

Applying directly can also mean a quicker funding timeline—sometimes as fast as the same or next business day. However, it’s still important to carefully review the loan’s terms, as some direct lenders may offset their flexibility with higher interest rates or stricter repayment conditions.

Doing a bit of research goes a long way. Comparing offers, checking for hidden fees, and reading reviews can help you find a reputable direct lender who’s transparent and trustworthy. Remember, the right lender should make you feel informed and comfortable, not pressured or rushed. By choosing a direct lender wisely, you can enjoy a smoother borrowing experience and greater peace of mind.

Understanding Annual Percentage Rate (APR): The True Cost of Borrowing

One of the most important factors to pay attention to when considering a loan is the annual percentage rate, or APR. Unlike a simple interest rate, APR gives you the full picture of what borrowing will actually cost you over time. It includes not just the interest, but also any fees or compounding charges, making it the most reliable way to compare loan offers.

APR can vary widely depending on the lender, the type of loan, and—most importantly—your credit score. Generally, the higher your credit score, the lower your APR will be, since lenders see you as less of a risk. On the flip side, if your credit isn’t great, you may see higher APRs, meaning you’ll pay more in interest over the life of the loan.

Before applying for any loan, it’s crucial to look beyond just the monthly payment. Take time to review the APR and add up the total cost of the loan, including all fees. This helps you avoid surprises down the road and ensures the loan truly fits your budget. Factors like the loan amount and the length of the repayment term can also impact your APR, so consider these carefully.

Comparing APRs from multiple lenders helps you find the most affordable option. Remember, a little extra research at the start can save you a lot of money—and stress—over the life of your loan.

Borrow Money with Bad Credit: Planning for Success

If you have bad credit, the idea of borrowing money can feel intimidating. You might worry about being turned down or facing sky-high interest rates. But the good news is that there are still options available, from specialized bad credit loans to no credit check loans designed for urgent needs.

The key is to approach the process with your eyes wide open. Always review the loan’s terms and conditions carefully. Look closely at the interest rates, fees, and repayment requirements. Some lenders are more transparent and offer flexible terms, while others may hide high costs in the fine print.

Before applying, take an honest look at your financial situation. Ask yourself how much you truly need to borrow, and if you’ll be able to manage the payments comfortably. Planning ahead can help you avoid the debt traps that often come with high-interest loans.

Budgeting is especially important when your credit is less than perfect. Make sure you have a plan to repay the loan on time—on-time payments can actually help you rebuild your credit over time. Borrowing with bad credit isn’t impossible, but it does require extra care, thorough research, and a focus on long-term financial health.

Loan Customer Reviews: Learning from Real Borrowers

After understanding loan types, APRs, and what to look for in a lender, it’s wise to tap into one of the most valuable resources available—other borrowers’ experiences. Loan customer reviews can offer a firsthand look at what it’s really like to work with a particular lender, beyond what’s promised in advertisements or on the lender’s website.

When you read through reviews, you’ll gain insight into how a lender handles customer service, whether they’re transparent about fees, and if they deliver on their promises. Did borrowers feel supported during the application process? Were there any hidden fees or unexpected issues with repayment? These are the kinds of real-life details that reviews can reveal.

It’s always best to consult multiple sources. Look at reviews on the lender’s official site, but also check independent platforms like Trustpilot, Google, or the Better Business Bureau. This gives you a fuller, more balanced picture. Keep in mind that some reviews may be fake or overly biased, especially if they seem too generic or overly enthusiastic. Take the time to read both positive and negative feedback to spot common patterns.

Some lenders really do stand out for their positive reviews and flexible loan options, but don’t let one glowing report sway you—consider the bigger picture. By researching a range of reviews, you’ll be better equipped to choose a lender that values transparency, fair terms, and good customer support. This extra step can provide peace of mind and help you avoid unpleasant surprises down the road.

Contacting Lenders: Getting the Clarity You Need

Once you’ve narrowed down your choices and read through customer reviews, the next smart step is reaching out to lenders directly. Contacting lenders gives you the chance to ask specific questions, clarify any confusing terms, and get a sense for how responsive and helpful their customer support really is.

Most reputable lenders offer several ways to get in touch: phone, email, or live online chat. If you’re unsure about any aspect of the loan—whether it’s the interest rate, fees, repayment schedule, or approval process—don’t hesitate to ask. Good lenders will be happy to provide clear, straightforward answers without making you feel rushed or pressured.

Before you make that call or send an email, review the loan terms and conditions carefully so you know exactly what to ask about. Bring up anything you don’t understand, and pay attention to how the lender responds. Are they patient and informative, or do they use high-pressure tactics to get you to sign up quickly? Trust your instincts—if something feels off, it probably is.

Contacting lenders not only helps you get the answers you need, but also gives you a feel for their customer service style. A helpful, transparent lender is a good sign that you’ll be supported throughout your loan journey. Taking the time to reach out can help ensure you make an informed decision and choose the loan that’s truly right for you.

Best Bad Credit Loan Providers with Guaranteed Approval Summary

In 2025, LowCreditFinance stands out as the top bad credit loan provider with guaranteed approval, offering fast, flexible funding solutions for borrowers of all backgrounds.

With an easy online application, a vast network of reputable lenders, and a commitment to transparency, LowCreditFinance makes it simple to access loans up to $50,000—even if your credit score is less than perfect.

You’ll benefit from same-day decisions, customizable repayment terms, and no hidden fees, ensuring a stress-free borrowing experience.

If you need quick cash and want a lender that puts your needs first, LowCreditFinance is the trusted, hassle-free choice for anyone looking to secure emergency funds or manage financial challenges in 2025.

Legal Notice and Affiliate Transparency

This article is intended solely for informational and educational use and should not be interpreted as financial, legal, or professional counsel. The content is based on publicly accessible sources and third-party data considered reliable at the time of writing; however, we cannot guarantee the accuracy, completeness, or timeliness of the information provided.

Loan terms, interest rates, and product availability are determined by external lenders and may change at any time without prior notice. Readers are strongly encouraged to perform their own research and consult a qualified financial advisor or legal expert before making any financial choices.

The service discussed in this article, MoneyMutual, acts as a loan marketplace, not a direct lender. They do not provide loans or make credit decisions, but rather connect borrowers with independent lending partners. All loan agreements, terms, and conditions are strictly between the borrower and the chosen lender.

Some links or references in this article may be affiliated. If you click on a link and take action—such as submitting a loan request or accepting an offer—we may receive a commission at no additional cost to you. This potential compensation does not affect our editorial content or recommendations.

By using this article, you acknowledge and accept that:
- You are responsible for verifying loan offers and lender details independently.
- The content is not tailored as personal financial advice.
- The publisher and contributors are not liable for any financial decisions or damages resulting from the information shared here.
- All trademarks and brand names belong to their respective owners; mention of third-party services does not imply endorsement.
For the most current loan terms, eligibility criteria, and product information, always review the official website of the respective lender.

Media Contact: Tony Stevens
Website: https://www.lowcreditfinance.com
Email: support@lowcreditfinance.com

102 W Service Rd, Apt: 820, Champlain, NY 12919

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- LowCreditFinance
The MIL Network –
May 20, 2025
MIL-OSI United Kingdom: Winter Payments Welfare Advice boosts increased benefits awarded

Source: Scotland – Highland Council

Households in the Inverness Area have benefited significantly from Welfare Advice received by Highland Council Officers when applying for the Inverness Winter Payment Scheme.

Leader of Inverness and Area, Councillor Ian Brown explained: “Councillors have agreed to continue the Inverness Common Good Fund Winter Payments Scheme for 2025/26 which will provide financial support to eligible households when extra fuel is needed to keep homes warm during the winter months. The scheme is aimed at anyone on a low income of all ages and not just pensioners.”

He added: “We have heard today of examples where the Winter Payments Scheme has brought major financial boosts of 3 figure sums to some households through engagement with the Council’s Welfare Advice Team. Council officers, in discussion with households have been able to identify other benefits they are eligible for to help improve their quality of life. I would like to commend the Council’s Welfare Advice Team for the continuous excellent service they provide to our communities.

“I encourage anyone who is entitled to benefits to claim them or ask for help in claiming them if they feel they cannot apply.”

Councillors have agreed £0.237m Inverness Common Good Funding for the Inverness Winter Payments Discretionary Scheme for 2025/26 of £115 per eligible household in addition to the financial support already available to some households from Social Security Scotland, Pension Age Winter Heating Payment and other sources.

Members agreed to apply a Consumer Price Index (CPI) increase to the £111 award rate for 2024/25 resulting in this year’s higher total of £115.

Inverness Common Good Funding can only be used where regard has been given to benefiting people living within the geographic area of the former Burgh of Inverness.

Over 1,600 households in Inverness benefitted from the much-needed Scheme last winter 2024/25 – which was available to eligible people within the 7 specified Inverness Wards of Aird and Loch Ness, Inverness West, Inverness Central, Inverness Ness-side, Inverness Millburn, Culloden and Ardersier and Inverness South.

During winter 2024/25 the scheme made 1,687 payments of £111 totalling £187,257 to eligible people on low incomes to help them with their winter fuel bills.

The ‘Worrying About Money Guide’ covers information for people waiting for claims to be assessed as well as those already receiving benefits. Topics including advice on what to do if anyone finds themselves having a sudden loss of income or if their statutory sick pay does not cover their living expenses. There is also information on how to apply to the Scottish Welfare Fund, maximising income and benefit advice, debt advice and how to challenge a decision.

The Worrying About Money Guide is available on the Highland Council website at: https://www.highland.gov.uk/directory_record/102970/benefit_advice

The 2024/25 Inverness Winter Payment Scheme is now closed. Members have agreed that the 2025/26 scheme will open for new applications from 1 December 2025 to 28 February 2026 inclusive.

MIL OSI United Kingdom –

May 20, 2025
MIL-OSI USA: Chairman Aguilar: Republicans are throwing millions of Americans off their health insurance

Source: US House of Representatives – Democratic Caucus

The following text contains opinion that is not, or not necessarily, that of MIL-OSI – May 14, 2025

CHAIRMAN AGUILAR: Good morning. Pleased to be joined with the Vice Chair of the House Democratic Caucus, Ted Lieu.

This week, Republicans have laid out exactly who they are fighting for. After weeks of promises that they wouldn’t cut Medicaid, their budget contains drastic cuts that will throw millions off of health insurance. After campaigning on helping working-class Americans get ahead, their budget, once again, rewards billionaires and wealthy corporations and makes it harder for families to make ends meet. They are watching prices go up because of Trump’s reckless tariffs, and their response is to take food off of the table for women, veterans and children. The Republican budget doesn’t address the cost-of-living crisis, it makes it worse. The cost of groceries, clothing and everyday necessities are still too high, and Republicans want to add to that and make health care more expensive on top of it. This isn’t about helping people find good-paying jobs or a shot at a better life. This is simply about helping people like Elon Musk pay less in taxes.

House Democrats believe that we can shore up these basic-needs programs and help everyday Americans reach their full potential. It’s long past time that the wealthiest of Americans pay their fair share and make it easier for working families to afford basic needs like health care and housing. These devastating cuts will make Americans—particularly children—sicker, hungrier and poorer. They’re shortchanging the future just so their friends can continue to get richer. The American people cannot afford the Republican budget and House Democrats are using every tool at our disposal to stop it. I want to thank our Energy and Commerce Members who continue to meet, Ways and Means Members who continue to highlight the unfairness of this plan that Republicans are putting forward and the Agriculture Committee, who will continue to fight for nutrition programs throughout the day. Vice Chair Ted Lieu.

VICE CHAIR LIEU: Thank you, Chairman Aguilar. Omaha, Nebraska is the sixth-largest city in America led by a Republican. And last night, in a stunning upset, Democrats flipped that seat from Red to Blue. I want to congratulate Mayor-Elect John Ewing Jr., who’s going to be the new mayor of Omaha, Nebraska. We also know that voters are very angry at Republicans who continue to enable Donald Trump’s harmful policies. And the Republican mayor, in this case, aligned herself completely with Donald Trump, and the voters spoke out in Omaha, and now we have a Democratic Mayor-Elect.

I also want to talk about now the Qatari luxury palace in the sky gift to Donald Trump. There is no such thing as a free palace in the sky. What do foreign countries want when they gift massive amounts of money and other gifts to the President? Donald Trump should reject this gift of the luxury palace in the sky, Boeing 747, completely and righteously. Because we are the United States of America, we don’t need gifts from foreign countries. We can build our own very impressive Air Force One. We don’t need to fly a Qatari plane around as our Air Force One. That’s also un-American. I also want to note that new reporting came out showing that to retrofit this Qatari 747 would take perhaps up to a billion dollars, because you can’t just fly a palace in the sky from a foreign country. You have to actually make it safe and secure. You have to make this plane ready to launch nuclear weapons. You can’t have people eavesdropping on it, and so it’s going to cost way more money to do it this way. And again, people need to ask why is a foreign country trying to give this massive gift to Donald Trump? And think about the precedent it would set. Would it be okay if Brunei gifted a luxury 757 to J.D. Vance for Air Force Two? Would it be okay if Germany gave a Porsche SUV to Senator Thune as his official car? Would it be okay if Italy gave a bunch of expensive Armani suits to Speaker Johnson for his official duties? No, it wouldn’t be okay. Also, because the Constitution says you can’t do this, it requires Congressional approval for the President to accept the gift of this size. And we urge the Republicans in Congress to stand up, speak out and call for a vote if Donald Trump were to accept this essential bribe from a foreign government.

And then let me now conclude on Medicaid. We now know that the Republicans lied when they said that they weren’t going to cut Medicaid. They’re cutting Medicaid by a massive amount of money, one of the largest cuts in U.S. history. Over 13.7 million people would be kicked off Medicaid. I also note that two-thirds of nursing home patients rely on Medicaid. This is also going to close down rural hospitals. It’s going to make it so that health care for all of us becomes more expensive, because if you don’t have health care under Medicaid, you’re still going to get treated. You just walk into the emergency room, and it costs even more money for all of us. So we urge Republicans to reject this massive Medicaid cut. And I just want to say, we told you so. We told you that Republicans were going to cut Medicaid, and now we know that they are doing it. So they lied, we told the truth, again.

Video of the full press conference and Q&A can be viewed here.

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MIL OSI USA News –

May 20, 2025
MIL-OSI USA: Senator Hassan Presses Social Security Administration on Surge in Constituent Concerns About Social Security Delays
US Senate News:
Source: United States Senator for New Hampshire Maggie Hassan

WASHINGTON – U.S. Senator Maggie Hassan (D-NH) is pressing the Social Security Administration about a surge in constituent concerns about delays in receiving their Social Security benefits.

“Due to the haphazard actions of Elon Musk and his so-called ‘Department of Government Efficiency,’ seniors in New Hampshire are struggling with significant delays in receiving the Social Security benefits that they worked for their entire lives,” wrote Senator Hassan in her letter to Social Security Commissioner Frank Bisignano. “I urge you to immediately reverse Elon Musk’s slow-down in Social Security benefit payments, open an investigation into Social Security payment delays, and provide transparent answers to Congress regarding how many seniors are waiting longer than they did last year for their Social Security checks.

“My office has seen a significant increase in outreach from Granite Staters who are facing issues receiving the Social Security benefits that they have earned,” continued Senator Hassan. “Constituents have reported delays in receiving their checks or receiving a lower benefit amount than usual. Others have reported being unable to access their accounts and unable to reach anyone on the phone to get assistance… The surge in issues faced by seniors comes as the Administration has made very clear that this Administration is deliberately trying, as part of its agenda, to make it more difficult for seniors to access their earned benefits.”

Senator Hassan urged Commissioner Bisignano to explain the delays and pressed him to provide information on how many seniors have experienced delays, as well as information on what actions Elon Musk and DOGE have taken that affected systems related to the timely payment of benefits.

Senator Hassan has been speaking out against President Trump’s attacks on Social Security, including the Administration’s moves to close Littleton’s Social Security office and to fire employees across the country who help provide in-person and telephone customer service to seniors. Earlier this month, Senator Hassan participated in a town hall with Granite State seniors to hear about their concerns, particularly their concerns about Social Security. In March, she met with North Country seniors to hear their concerns and explore what can be done to avert closure of the Littleton Social Security field office. Earlier this year, Senators Hassan and Shaheen sent a letter calling on the leaders of the General Services Administration and Social Security Administration to stop any efforts to close the Littleton Social Security field office as well as stop broader attacks on Social Security.

Click here to see the full letter or see below:

Dear Commissioner Bisignano:

Due to the haphazard actions of Elon Musk and his so-called “Department of Government Efficiency,” seniors in New Hampshire are struggling with significant delays in receiving the Social Security benefits that they worked for their entire lives. I urge you to immediately reverse Elon Musk’s slow-down in Social Security benefit payments, open an investigation into Social Security payment delays, and provide transparent answers to Congress regarding how many seniors are waiting longer than they did last year for their Social Security checks.

My office has seen a significant increase in outreach from Granite Staters who are facing issues receiving the Social Security benefits that they have earned. Constituents have reported delays in receiving their checks or receiving a lower benefit amount than usual. Others have reported being unable to access their accounts and unable to reach anyone on the phone to get assistance. Most concerning is that multiple seniors have contacted my office after the Social Security Administration unilaterally suspended their benefits with little explanation and limited recourse to get assistance online or by phone. This is absolutely unacceptable.

The surge in issues faced by seniors comes as the Administration has made very clear that this Administration is deliberately trying, as part of its agenda, to make it more difficult for seniors to access their earned benefits. Elon Musk called Social Security a “Ponzi scheme” and called for cutting one-third of Social Security and Medicare. Howard Lutnick, the Commerce Department Secretary, subsequently claimed that seniors waiting for Social Security checks “wouldn’t call and complain.” According to Secretary Lutnick, only fraudsters would complain about a delayed or missing Social Security payment: “a fraudster always makes the loudest noise, screaming, yelling and complaining.”

Given the harm that Elon Musk’s actions have imposed on seniors in New Hampshire, I urge you to take immediate steps to reverse any changes at the Social Security Administration that have delayed Social Security payments to seniors and to open an investigation into the consequences of DOGE’s actions on payments to beneficiaries. Further, I ask you to answer the questions below by June 5^th.
1. How many seniors have experienced delayed Social Security payments from January 20^th, 2025, to present? Please compare this figure to the same period over each of the preceding three years.
2. What is the Social Security Administration’s on-time payment rate for Social Security retirement benefits from January 20^th, 2025, to present? Please compare this figure to the same period over each of the preceding three years.
3. What has been the typical Social Security payment delay-period experienced by a senior from January 20^th, 2025, to present, among those seniors who are not paid their benefits on time by the Social Security Administration? Please compare this figure to the same period over each of the preceding three years.
4. What actions taken by Elon Musk and DOGE have affected systems that relate to the timely payment of Social Security benefits to seniors? Please provide a comprehensive list of these actions, the dates on which the actions took place, the affected systems, and the DOGE-affiliated individuals who carried out the actions.
5. Does the Social Security Administration collect information regarding how many seniors attempt to call the Social Security Administration for assistance but cannot reach a person for assistance? If so, please provide this figure for January 20^th, 2025, to present and please compare this figure to the same period over each of the preceding three years.
Thank you for your attention to this pressing matter.
MIL OSI USA News –
May 20, 2025
MIL-OSI USA: R&M Trading LLC Issues Allergy Alert on Undeclared Milk in R&M Refresher Instant Milk Tea Powder

Source: US Department of Health and Human Services – 3

Summary

Company Announcement Date:
May 18, 2025
FDA Publish Date:
May 19, 2025
Product Type:
Food & Beverages
Reason for Announcement:

Recall Reason Description
Undeclared milk

Company Name:
R&M Trading LLC
Brand Name:

Brand Name(s)
RM Refresher

Product Description:

Product Description
Instant Milk Tea Powder

Company Announcement
R&M Trading LLC of Lakewood, WA is recalling approximately 408 packages (1lb. pack per package) and 1624 packages (3/1lb. packs per package) of Instant Milk Tea powder products because they may contain undeclared milk . People who have an allergy or severe sensitivity to milk run the risk of serious or life-threatening allergic reaction if they consume this product.
The R&M Refresher brand Instant Milk Tea products are recalled because the ingredients statement declares Whey and Caseinate in Non-Dairy Creamer ingredients, but it does not specify milk.
The following Instant Milk Tea products are sold in 1lb. plastic pouch on Amazon website between 11/18/2024 and 05/07/2025.
No illnesses have been reported to date.

Amazon ASIN Number
Product
Expiration Date

B0D725TXQW
Brown Sugar Flavor Instant Milk Tea by RM Refresher (1-Pack/llb.)
12/15/2025

B0D72FQVDR
Brown Sugar Flavor Instant Milk Tea by RM Refresher (3-Pack/3I b.)
12/15/2025

B0D7269JC1
Honeydew Flavor Instant Milk Tea by RM Refresher (1-Pack/llb.)
12/15/2025

B0D726K269
Honeydew Flavor Instant Milk Tea by RM Refresher (3-Pack/3I b.)
12/15/2025

B0D71Y85TG
Matcha Flavor Instant Milk Tea by RM Refresher (1-Pack/llb.)
12/15/2025

B0D71YBV1X
Matcha Flavor Instant Milk Tea by RM Refresher (3-Pack/3I b.)
12/15/2025

B0D71YHZX4
Original Flavor Instant Milk Tea by RM Refresher (1-Pack/llb.)
12/15/2025

B0D72BLQRW
Original Flavor Instant Milk Tea by RM Refresher (3-Pack/3I b.)
12/15/2025

B0D72CMLBH
Taro Flavor Instant Milk Tea by RM Refresher (1-Pack/llb.)
12/15/2025

B0D72D6589
Taro Flavor Instant Milk Tea by RM Refresher (3-Pack/3I b.)
12/15/2025

The recall was initiated after it was discovered during an inspection conducted by the U.S. FDA Office of Global Policy and Strategy in China that products containing milk were distributed in packaging that did not reveal the presence of milk.
Consumers who have purchased affected products are urged not to consume the product and to return it to the place of purchase for a full refund.
Consumers with questions may contact the company at imars.yang@qq.com .
This recall is being made with the knowledge of the U.S. Food and Drug Administration.

Company Contact Information

Product Photos

Content current as of:
05/19/2025

Regulated Product(s)

Follow FDA

MIL OSI USA News –

May 20, 2025
MIL-OSI Russia: Xinhua CEO Meets Founder of Danish Chamber of Commerce in China

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

BEIJING, May 19 (Xinhua) — Xinhua News Agency Director-General Fu Hua on Monday met with Simon Lichtenberg, founder and chairman of the Danish Chamber of Commerce in China.

The parties exchanged views on the recent response of Chinese President Xi Jinping to S. Lichtenberg’s letter. As the interlocutors noted, this response was a powerful signal that “faith in China is faith in tomorrow, and investments in China are investments in the future.”

Stressing that Xinhua and the Danish Chamber of Commerce in China have long maintained friendly exchanges, Fu Hua and S. Lichtenberg agreed to continue to give full play to the advantages of both sides, jointly promote how foreign enterprises investing in China are winning the future, and continuously promote cultural and people-to-people exchanges and mutually beneficial cooperation between China and Denmark, as well as between China and Europe. –0–

MIL OSI Russia News –

May 20, 2025
MIL-OSI USA: WHAT THEY ARE SAYING: Pass the One, Big, Beautiful Bill

US Senate News:

Source: The White House
President Donald J. Trump’s One, Big, Beautiful Bill is a once-in-a-generation opportunity to make good on the promises Republicans have made — and that’s why advocacy groups and other stakeholders are coming out in droves to urge Congress to immediately pass the landmark bill.
Here’s what they’re saying about the One, Big, Beautiful Bill:
American Exploration & Production Council CEO Anne Bradbury: “On behalf of America’s leading independent producers of oil and natural gas, AXPC urges all House Republicans to pass the budget reconciliation and advance President Trump’s agenda to unleash American energy. This legislation takes decisive steps towards improving our nation’s energy landscape by repealing the Biden-era menthane tax, unlocking oil and gas development on federal lands, and alleviating regulatory pain points that have stymied the build out of American energy. Passing this bill is essential to secure America’s energy dominance through smart, durable reforms.”
NumbersUSA: “For decades Congress has promised to secure the border and failed to deliver. The House Reconciliation bill delivers on the promise of building the border wall, 10,000 ICE officers, detention beds, historic funding for Customs and Border Patrol and a tax on money illegal aliens send out of the country. The Trump Administration needs this funding to deport illegal aliens, millions of whom entered the country over the last four years. The American people voted in mess this last election to secure our borders and return law and order to our immigration system. Congress must not fail them.”
Airlines for America: “A4A strongly supports the One Big Beautiful Bill Act and applauds the inclusion of a critical investment of $12.5 billion in modernizing the Federal Aviation Administration’s air traffic facilities, systems and infrastructure. For years, A4A has been sounding the alarm about ATC staffing shortages and antiquated equipment, such as copper wires and floppy disks. Given the challenges facing the air traffic system, these funds are a vital down payment on updating the technology that guides 27,000 flights, 2.7 million passengers and 61,000 tons of cargo every day—all while driving five percent of our nation’s GDP. The legislation also makes smart, strategic investments in Customs and Border Protection personnel and training for the aviation workforce of tomorrow while supporting American energy dominance in aviation fuel production. We encourage the House to pass this legislation and deliver on the Department of Transportation’s plan to help keep our skies safe and efficient. Modernizing our National Airspace System is necessary, and passing the One Big Beautiful Bill Act will help ensure the United States has a world-class aviation system.”
National Federation of Independent Business SVP for Advocacy Adam Temple: “On behalf of NFIB, the nation’s leading small business advocacy organization, I write in support of the Committee’s legislative proposal to comply with reconciliation instructions contained within the concurrent resolution on the Budget for Fiscal Year 2025, H. Con. Res. 14. As written, this is one of the most pro-small business pieces of tax legislation in recent history.”
CTIA—The Wireless Association President and CEO Ajit Pai: “The wireless industry urges swift passage of the One Big Beautiful Bill Act. The critical spectrum and tax provisions in this legislation will allow the wireless industry to invest, create jobs, propel economic growth, and secure America’s edge in innovation.”
Job Creators Network CEO Alfredo Ortiz: “House Republicans’ big, beautiful reconciliation bill is exactly what the country needs to jumpstart the economy and guarantee the safety and prosperity of Americans for decades to come. It helps people of all backgrounds but especially small businesses, the backbone of our economy, by making permanent and expanding the Tax Cuts and Jobs Act. It increases the small business tax deduction used by 26 million entrepreneurs annually from 20% to 23% — a tax cut Job Creators Network has long been the leading voice for. The bill also restores 100% immediate expensing, allowing businesses to write off investments, expansion, and modernization. It will empower Main Street to expand, hire, raise wages, and reinvest in their communities, while also providing significant tax relief for ordinary folks. All Republicans should unite to support this historic reconciliation bill. We need Tax Cuts Now.”
Business Roundtable President & COO Kristen Silverberg: “Business Roundtable strongly supports the House budget reconciliation bill. This important legislation ensures a more competitive, pro-growth tax system, secures our borders and takes the necessary step of raising the debt ceiling. We urge members of the House Budget Committee to swiftly pass this measure.”
Small Business & Entrepreneurship Council President & CEO Karen Kerrigan: “SBE Council strongly supports the One Big, Beautiful Bill and urges every member of the U.S. House to vote in support of this economically powerful package. The One Big, Beautiful Bill provides entrepreneurs and small businesses with the tools and policy environment they need to invest in their businesses and workforce, to innovate and strengthen their firms, and to lead America’s economic resurgence.”
Associated Equipment Distributors SVP Daniel B. Fisher: “This legislation will spur economic growth and job creation, incentivize capital investment, and ensure AED members, which supply and maintain the equipment needed to build, feed and fuel America, remain competitive for years to come. We urge support for the bill and look forward to working with the entire House of Representatives to approve it as soon as possible.”
National Stone, Sand & Gravel Association Interim CEO Michele Stanley: “NSSGA appreciates that ‘The One, Big, Beautiful Bill’ includes aggregates industry priorities, such as bonus depreciation, the Research and Development Tax Credit, small business deductions, keeping the corporate tax rate at the status quo and protecting percentage depletion and estate taxes. Additionally, we appreciate the committee’s commitment to safeguarding associations’ tax-protected status. NSSGA thanks the committee for introducing this bill and encourages the Ways and Means Committee and the House of Representatives to pass this package in a timely manner.”
60 Plus Association Chairman Jim Martin: “It’s a win for seniors across the country. The President and House Republicans are providing much needed tax relief to middle and low-income seniors.”
Association of Mature American Citizens Action SVP Andrew J. Mangione, Jr.: “This bill is a win for seniors, for taxpayers, and for the future of our country. We urge swift passage and full support from lawmakers who value liberty, accountability, and the financial security of AMAC members across the country.”
RATE Coalition Executive Director Dan Combs: “This legislation is a clear step toward preserving a tax code that spurs job creation, boosts wages, and builds on the legacy created by President Trump and Congress under the Tax Cuts and Jobs Act. Now is the time for Congress to come together, finish the work, and deliver a strong, stable economic foundation for American workers and businesses. A competitive corporate tax rate is key to keeping the U.S. ahead and a top destination for investment in the global economy. This bill goes a long way towards making that possible.”
Uber CEO Dara Khosrowshahi: “We’ve said from the start: No Tax on Tips should include @Uber drivers & couriers. Grateful the new House Ways & Means bill does just that. Thanks to @POTUS and @RepJasonSmith for backing all tipped workers—no matter how they work. Let’s get this done!”
DoorDash CEO Tony Xu: “Thanks to @POTUS and @RepJasonSmith, millions of Dashers may soon get a tax break on their hard-earned tips. Following advocacy from 40K Dashers, including dozens in DC last week, the House’s budget bill is an important step in making #NoTaxOnTips a reality.”
Americans for Prosperity Chief Government Affairs Officer Brent Gardner: “The Republican Party has an incredible opportunity to put the country on the right track for long-term economic growth by making the Trump Tax Cuts permanent and avoiding the largest tax hike in American history. This bill is smart pro-growth policy that would provide certainty for American businesses and lead to sustained prosperity for millions of working Americans. This legislation also takes meaningful action to cut billions in special interest giveaways, reforming broken programs, and rooting out waste, fraud, and abuse – ensuring that taxpayers’ hard-earned dollars are spent wisely. It’s about making government work better for the people it serves. We’re encouraged by the foundation laid in the House and stand ready to work with Senate lawmakers to get this measure across the finish line. The moment for action is now. We urge all Members to support this legislation and put our economy on the path to growth and opportunity.”
Concerned Veterans for America Executive Director John Vick: “Failing to extend President Trump’s Tax Cuts and Jobs Act would impose the largest tax hike in U.S. history on American families and businesses. Congress must seize its opportunity to protect our long-term prosperity while improving the lives of middle-class Americans. The American people sent a clear message last November: they are tired of massive tax hikes, higher prices, reckless government spending, and Biden-era “Green New Deal” giveaways. Congress must answer this call by moving budget reconciliation forward. As veterans, we fought for a better future for our fellow Americans. We also understand that a strong economy is the bedrock of American strength at home and abroad. Today, CVA calls on Congress to act to protect the promise of long-term economic growth and prosperity for all Americans.”
The LIBRE Initiative Executive Director Sandra Benitez: “We commend the House Budget Committee for taking a positive step to ensure that we continue extending tax relief to middle-class families and job creators, including Latinos who cannot afford a tax hike. Now it is critical that the House of Representatives have a full House vote as quickly as possible and approve this pro-growth legislation to help unleash prosperity and opportunity for all. The LIBRE Initiative looks forward to educating and activating the Latino community on the benefits of this critical legislation.”
America First Policy Institute: “Conservatives must deliver to the American people! The One, Big, Beautiful Bill cuts taxes for ALL Americans, secures the border, stands up to the woke mob by empowering parents and protecting women and children, and much more!”
Independent Women Center for Economic Opportunity Director Patrice Onwuka: “Passing the Big, Beautiful Bill is an imperative. The stakes are high. If Congress fails to pass this bill, average Americans face a massive 22% tax increase, 40 million families will see their Child Tax Credit slashed in half, and 26 million small businesses face a 43.4% top tax rate. Republicans should not hold up tax relief for American families and small businesses to bail out high-tax blue states.”
Family Business Coalition: “Family Business Coalition supports the ‘One, Big, Beautiful Bill’ which includes tax relief that will help family businesses expand, upgrade equipment, and hire more workers. FBC urges the House to take action now to move this process forward in Congress.”

MIL OSI USA News –

May 20, 2025
MIL-OSI United Kingdom: Council gives go ahead for £500,000 investment in CCTV for West End | Westminster City Council

Source: City of Westminster

Investment of more than £500,000 in CCTV cameras for the West End has been given the go ahead from Westminster City Council.

The money will go towards two of the busiest areas of footfall – Leicester Square, Chinatown, and Soho – where millions of tourists and visitors throng over the year. The decision was agreed at a meeting of the Council’s cabinet on Monday 18 May.

Soho will get 18 cameras as part of a plan supported by Soho Business Alliance as part of a funding package totalling £309,403. Leicester Square and Chinatown meanwhile will receive 14 cameras in a £213,579 investment supported by the Heart of London Business Alliance.

The West End cameras – due to come into commission this Summer – will form part of an overall network of 200 cameras being introduced borough-wide by Westminster City Council and represent the biggest ever investment in CCTV in Westminster’s history.

More than half the promised 200 CCTV cameras are already working and are monitored 24/7 from a control room based in Hammersmith and Fulham Council.

The latest investment on the West End is a key part of the Westminster After Dark strategy, launched earlier this year, which is designed to ensure people can enjoy the night attractions of the City in safety.

Cllr Aicha Less, deputy leader and Cabinet Member for Communities and Public Protection, said:

Soho, Chinatown and the West End see some of the busiest footfall in the world during peak season. We want people to enjoy our fabulous West End but without the misery of mobile phone theft, pick pocketing, watches being stolen or running into aggressive behaviour.

Our new cameras will be there alongside mobile Council cameras already in use to ensure people can enjoy the West End in safety and opportunist criminals find it a harder place to operate. With these cameras going up over the summer, we are delivering against the commitments of Westminster after Dark.

MIL OSI United Kingdom –

May 20, 2025
MIL-OSI: RegEd Launches RIA Compliance Control Center to Streamline Oversight for Registered Investment Advisers
Source: GlobeNewswire (MIL-OSI)

Raleigh, NC, May 19, 2025 (GLOBE NEWSWIRE) — RegEd, the leading provider of compliance and credentialing solutions for the financial services industry, has announced the launch of the RIA Compliance Control Center^SM, a purpose-built solution that enables registered investment advisers (RIAs) to streamline supervision and enhance oversight across the full spectrum of compliance activities.

With increasing regulatory complexity and resource constraints, RIAs face mounting pressure to manage compliance obligations more efficiently while maintaining rigorous oversight. RegEd’s RIA Compliance Control Center empowers firms to meet these challenges head-on with a centralized, automated platform that delivers powerful capabilities to support compliance with SEC and state regulations.

“Registered investment advisers need tools that not only ensure compliance, but also scale with their business,” said Adam Schaub, VP, Platform Product Management at RegEd. “The RIA Compliance Control Center delivers the automation, integration, and visibility firms need to simplify oversight, reduce risk, and keep pace with a fast-evolving regulatory environment.”

The RIA Compliance Control Center is available in modular or bundled formats and includes robust capabilities such as:
- Personal Trade Monitoring and Pre-Clearance – Automate trade surveillance, with direct feeds from leading brokerage firms.
- Form ADV Part 2B Supplement Management – Ensure always-current, compliant disclosures with automated data population.
- Gifts, Gratuities & Contributions – Manage approval workflows and reporting with centralized tracking.
- Outside Business Activities – Streamline OBA submissions, attestations, and disclosures.
- IAR Continuing Education (IAR CE) – Access RegEd’s industry-leading CE catalog with intuitive dashboards for IARs and compliance teams.
- Advertising Review – Leverage AI-powered tools to review marketing materials and accelerate compliance with the SEC Marketing Rule.
- Licensing, Registration & Onboarding – Automate key workflows and maintain compliance throughout the IAR lifecycle.
The RIA Compliance Control Center also features advanced capabilities such as a unified compliance dashboard, WORM archiving, customizable questionnaires, advanced hierarchy management, and seamless integration with CRM and marketing systems through open APIs.

By delivering a holistic view of compliance status, both at the firm and individual level, the RIA Compliance Control Center helps advisers prioritize critical obligations, ensure timely fulfillment, and reduce manual effort.

For more information about the RIA Compliance Control Center, visit www.reged.com to request a free consultation or demonstration.

About RegEd

RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients that represent more than 35 of the top 50 insurance companies.

Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.

Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients. For more information, please visit www.reged.com.

The MIL Network –
May 20, 2025
MIL-OSI Africa: Deputy President in France for a working visit

Source: South Africa News Agency

Deputy President Paul Mashatile has on Monday arrived in Paris, France, for a working visit aimed at reinforcing South Africa’s historic and warm bilateral relations with that country.

During the working visit, the two countries will be expanding on existing cooperation projects as well as identify new areas of cooperation with specific focus on trade and investment.

The Deputy President’s visit follows a recent visit by Minister of International Relations and Cooperation, Ronald Lamola, last week to co-chair the 9th Session of the Forum for Political Dialogue (FPD) where the status of bilateral political relations between the two countries was discussed, including matters of mutual interest relating to international developments.

“Deputy President Mashatile will participate in the SA-France Investment Conference, where South Africa will intensify cooperation in the fields of infrastructure development; science, technology and innovation; education and skills development as well as improve the already strong people-to-people links between the two countries and increase the flow of tourism to South Africa from France,” said the Presidency in a statement.

It said France is the 14th largest investor in South Africa, with about 400 French companies investing in sectors such as Financial Services, Renewable Energy, Rail, Chemicals, Oil and Gas, to mention but a few.

“French companies have played a pivotal role in the Presidential Investment Conference.

“Since the first Presidential Investment Conference hosted in 2018, French companies have committed more than R70 billion with the majority of projects either completed or being implemented. “

As part of his programme, Deputy President Mashatile will pay a courtesy call on Emmanuel Macron, President of the French Republic, meet with captains of different industries and conduct site visits to the Suez Global Waste Management Company and Dassault Systèmes.

The Deputy President is accompanied by Minister of Health Aaron Motsoaledi; Minister of Small Business Development Stella Ndabeni-Abrahams; Minister of Transport Barbara Creecy; Minister of Sports, Arts and Culture Gayton McKenzie; Minister of Tourism Patricia de Lille; Deputy Minister of International Relations and Cooperation Alvin Botes; Deputy Minister of Higher Education and Training Buti Manamela; Deputy Minister Trade, Industry and Competition Zuko Godlimpi and Deputy Minister of Electricity and Energy Samantha Graham-Maré. – SAnews.gov.za

MIL OSI Africa –

May 20, 2025
MIL-OSI USA: Luján, Rosen Lead Colleagues in Demanding President Trump Lift Hold on High-Speed Internet Funding for New Mexico

US Senate News:

Source: US Senator for New Mexico Ben Ray Luján

Washington, D.C. – U.S. Senator Ben Ray Luján (D-N.M.), Ranking Member of the Commerce, Science, and Transportation Telecommunications and Media Subcommittee, and U.S. Senator Jacky Rosen (D-NV) led 1o Senate colleagues in a letter demanding that the Trump administration release funding for states under the Broadband Equity, Access, and Deployment (BEAD) program. This program connects families in the hardest-to-serve communities to high-speed internet. Senator Luján successfully helped pass the Bipartisan Infrastructure Law that created the BEAD Program. New Mexico has been approved to receive $675 million in funding through the BEAD Program, but the Trump administration’s pause on this critical program is indefinitely delaying New Mexico’s ability to connect New Mexicans to high-speed internet.

“We write with concern regarding the National Telecommunications and Information Administration’s (NTIA) recent announcement that it is delaying the Broadband Equity, Access, and Deployment (BEAD) program,” wrote the senators. “This unprecedented move by the NTIA will further delay our communities from having the connectivity they need to grow and thrive. To unlock the full strength of the U.S. economy, every community must have access to the vast opportunities enabled by broadband, and this can be achieved by your Administration following the law as outlined in the bipartisan Infrastructure Investment and Jobs Act (P.L. 117-58).”

“Currently, there are multiple states ready for broadband providers to put shovels in the ground tomorrow,” the senators continued. “NTIA must act swiftly to release BEAD funding to states that have already been approved and expeditiously work to approve the remaining eligible applications. Time is of the essence, and our rural and tribal communities cannot afford more delays.”

In addition to Senators Luján and Rosen, the letter was signed by Senators Raphael Warnock (D-GA), Mark Warner (D-VA), Catherine Cortez Masto (D-NV), Jeanne Shaheen (D-NH), Amy Klobuchar (D-MN), Elissa Slotkin (D-MI), Gary Peters (D-MI), John Hickenlooper (D-CO), Tammy Baldwin (D-WI), and Angus King (I-ME).

As Ranking Member of the Commerce Subcommittee on Telecommunications and Media, Senator Luján is a strong champion for 100% broadband connectivity. In the 118th Congress, Senator Luján introduced the bipartisan Tribal Connect Act to make it easier for Tribes to secure high-speed internet access at Tribal Essential Community-Serving Institutions through the Federal Communications Commission’s (FCC) Universal Service Fund (USF) Schools and Libraries Program, or E-Rate program. In the 117th Congress, Senator Luján introduced legislation to help close the homework gap by equipping school buses with Wi-Fi technology and improving financing options for broadband deployment.

The full letter can be found here or below:

Dear President Trump:

We write with concern regarding the National Telecommunications and Information Administration’s (NTIA) recent announcement that it is delaying the Broadband Equity, Access, and Deployment (BEAD) program. This unprecedented move by the NTIA will further delay our communities from having the connectivity they need to grow and thrive. To unlock the full strength of the U.S. economy, every community must have access to the vast opportunities enabled by broadband, and this can be achieved by your Administration following the law as outlined in the bipartisan Infrastructure Investment and Jobs Act (P.L. 117-58).

The intent of Congress when it created and appropriated over $42 billion for the bipartisan BEAD program was to connect the hardest-to-serve Americans to high-speed internet and finally close the digital divide. Congress explicitly shaped this program to give deference to states, so they could address the unique challenges their states face reaching the goals of the program Congress mandated.

Currently, there are multiple states ready for broadband providers to put shovels in the ground tomorrow. Forty-two states have begun or completed their BEAD application process. Three states have even had their applications fully approved and yet are waiting on funds to be released by your Administration. Many states have applications that are tech-neutral and dramatically more cost-effective than previous projects funded by federal broadband programs, all while fulfilling the program’s mission to bring high-speed, reliable broadband to all unserved communities in their state. The attempts by NTIA to revise the state application process at this late stage will cause further delays to the program and leave rural and tribal communities behind in an increasingly connected economy. NTIA must act swiftly to release BEAD funding to states that have already been approved and expeditiously work to approve the remaining eligible applications. Time is of the essence, and our rural and tribal communities cannot afford more delays.

It is imperative to follow the law, deliver on the promise of access to affordable high-speed internet, and ensure that every American, regardless of where they live, has the tools to succeed in the modern economy.

Thank you for your attention to this important matter.

Sincerely,

MIL OSI USA News –

May 20, 2025

Category: Commerce

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