Institutional investors have increased positions in online loan money equities by 7% this quarter. Hedge funds are eyeing quarterly earnings as a key catalyst for short-term price action. However, amid strike action by B.C. public sector workers, the province has confirmed that StudentAid B.C.'s online application systems have been taken offline and payments delayed "until normal service resumes." Kelly says he has not yet received his fall instalment, whereas he usually receives it about two weeks after the semester begins. In the interim, he is relying on financial support from his family, but he knows that many don't have that luxury. Although PenFed can lend in all states, it only operates branches in 14. Share prices for online loan money leaders rose alongside fintech ETFs after new regulatory guidelines were delayed, easing immediate compliance costs and boosting investor sentiment.
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