互金出海，已经是一个被热议了七八年的话题。 在2017年的"141号文"下发后，就有不少互金从业者到东南亚"掘金"。 经过这些年的业务拓展与市场沉淀，不管是东南亚还是拉美、非洲，均有中资互金的身影。 必须要承认的是，海外互金之路和国内截然不同。 虽然有国家看似无贷款相关的监管文件，实际上一些部门，比如消保局和金融服务用户保护之类的部门联合执法，也可以瞬间让一个大平台"一夜崩塌"。 也有一些国家看似监管很严，不断下发利率上限的新规，但具体的监管要求和执法协同性可能存在差异。 比如，近期，菲律宾SEC下发了一则针对利率上限的新草案（简称：《通知》），看起来还挺严格的。 但实际…… 01 有效利率每月上限10% 菲律宾SEC最新的《通知》主要拟针对融资机构（FCs）、贷款公司（LCs）及其他的在线借贷平台（OLPs），所收取的利率及其他费用公开征求意见： a.本规定于2025年12月1日起签订、重组或展期的无担保普通用途贷款，且贷款金额不超过P20,000.00（约人民币2416元），期限不超过六个月； b. 对受保护贷款，有效利率上限为每月10%； c. 对不遵守本通知的行政制裁和处罚。 这点，还是比国内的综合年 ...

Core Insights - The new tariff policies implemented by Trump are expected to increase U.S. consumer spending by hundreds of billions during the holiday season, with an estimated total cost increase of $40.6 billion for consumers and retailers combined [1][2] Group 1: Consumer Impact - Consumers are projected to bear approximately $28.6 billion of the additional costs, resulting in an average increase of $132 per shopper [1] - This additional expenditure may lead many families to reduce their gift spending or incur more debt, creating tangible financial pressure [1] Group 2: Retailer Expectations - Retail analysts anticipate a decline in holiday season sales due to the increased costs from tariffs, with many consumers facing a "harsh reality" of either reducing gift quantities or absorbing higher costs [2] - Despite the overall sales decline, demand for electronics and clothing remains strong, although price increases may limit options for some consumers [2] Group 3: Product-Specific Cost Increases - Electronics consumers are expected to experience the highest impact, with an average additional expenditure of $186 per person, followed by clothing and accessories at $82, personal care and toys at $14, and food and candy at $12 [2]

Core Viewpoint - Figure Technology Solutions Inc. has successfully turned around its financial performance, achieving a net profit of $29.1 million and revenue of $190.6 million in the first half of the year, marking a significant improvement from a net loss of $15.6 million and revenue of $156 million in the same period last year [3][5]. Group 1: Financial Performance - The company reported a net profit of $29.1 million and revenue of $190.6 million for the six months ending June 30, reflecting a strong recovery from the previous year's losses [3][5]. - Figure's business model has matured, leading to increased market acceptance and improved financial results [3][4]. Group 2: Business Operations - Figure has facilitated over $16 billion in lending on the blockchain, showcasing substantial business scale [5]. - The average FICO credit score for HELOC loan customers is 753, while the average score for Figure-branded loan customers is 740, indicating a strong credit quality among its clientele [5]. Group 3: Technological Integration - The company is leveraging artificial intelligence to optimize its business processes, utilizing OpenAI technology for loan application assessments and deploying a chatbot powered by Alphabet's Gemini on its website [5]. Group 4: Leadership and Background - Figure was co-founded by Mike Cagney in 2018, who previously played a key role in the founding of SoFi Technologies Inc. [8]. - Michael Tannenbaum has been appointed as the new CEO, while Cagney is expected to maintain significant voting control post-IPO [8]. Group 5: Market Position and Future Outlook - The IPO application signifies the ongoing penetration of cryptocurrency-related companies into traditional capital markets and highlights the commercialization of blockchain technology in financial services [4][7]. - The involvement of notable investors such as Apollo Global Management Inc., 10T Holdings LLC, and Ribbit Capital provides financial backing and industry credibility to the company [5].