Business

Federal Agencies ask Financial Institutions to Offer Small Loans in Lower Rates

Published

5 years ago

September 16, 2020

With pandemic engulfing every economy in the world, America is seeing unemployment rise each passing day. The federal regulators have come out with an initiative under which they are getting banks and credit unions to offer small personal loans at low rates so that there is cash in the hands of the needy.

The Federal Reserve System, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, National Credit Union Administration, and Office of the Comptroller of the Currency have released a joint statement on Thursday. The 5 federal agencies have stated in the statement that they want the financial institutions to come forward and offer small dollar loans to small businesses and the consumers who are in need of money to survive in response to the mayhem caused by Covid 19.

As per the reports by PureLoan, they have asked the financial institutions to structure the new loans in such a way that they offer a list of credit varieties to the small businesses for instance having open-end lines of credit, single payment loans or giving them paying time to submit installments etc.

The regulators are looking at the loans as a relief for the time being for the Americans and have asked them to read and study the papers before they sign the loan contracts. They can also use homeowner’s loan calculator to compare the loan figures by various institutions. Regulators are saying the loans offered should prioritize fair treatment to the consumers and should be safe and sound for them.

These are the worst of times so no matter what the offer is, take a complete review of the documents to refrain from getting exploited by the predatory lenders. Such people exploit people when they are most vulnerable. Be alert and read all the documents before getting into any contract. Or take expert advice if the legal contracts are difficult to understand.

Business

Geivon “E.G.” Cisneros Expands Zooly AI Into the NHL Playoffs

Published

1 hour ago

May 4, 2025

Matthew Wiles

When the stakes are highest, innovation shines brightest. As the NHL Playoffs brought an electric energy to the ice, entrepreneur Geivon “E.G.” Cisneros and his tech company Zooly AI delivered a first-of-its-kind fan experience for the Tampa Bay Lightning, marking a pivotal moment in the evolution of real-time AI engagement in professional sports.

Leveraging Zooly’s flagship product, Photobomb, fans inside Amalie Arena during playoff games were given an entirely new way to connect with their team. With a simple QR code scan, spectators instantly received dynamic, personalized photos featuring the Lightning mascot ThunderBug, seamlessly inserted into their memories-no app download required, just pure surprise and delight.

In a setting where emotions run high and every moment matters, the Photobomb activation proved that artificial intelligence can enhance the magic of live events rather than distract from it. Fans flooded social media with their custom playoff memories, helping amplify the Lightning’s home-ice advantage beyond the rink and into the digital world.

“The playoffs are where legends are made,” said Geivon “E.G.” Cisneros, founder of Zooly AI. “It was important for us to show that AI can make these moments even more personal, not mechanical. We wanted fans to feel like they weren’t just spectators-they were part of the story.”

The activation drew massive engagement, with QR code scans and social shares surpassing expectations-proving that fans are eager for real-time, culturally connected experiences when the stakes are at their highest. For the Lightning, it deepened fan loyalty. For Zooly, it validated a vision: building the connective tissue between live emotion and intelligent digital interaction.

As Zooly AI continues expanding its footprint across professional sports, the Tampa Bay Lightning playoff activation stands as a landmark moment-one where culture, technology, and tradition collided under the brightest lights.

About Zooly:

Zooly AI is a next-gen artificial intelligence company redefining how fans, brands, and creators connect in real time. With products like Daily Vibes and Photobomb, Zooly blends culture, creativity, and technology to create unforgettable interactive moments. From arenas to digital campaigns, Zooly is powering the next generation of engagement.