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Debt Agency
30-year-old with $110,000 student debt wanted PSLF; The balance keeps growing
Kjerstin Laine, 30, owes more than $110,000 in student debt to undergraduate and graduate programs.
Laine's career in the nonprofit sector, in theory, offers a…
GOP campaigns against IRS, vowing to cut funding
A sign is displayed outside the Internal Revenue Service building on May 4, 2021 in Washington. (AP Photo/Patrick Semansky, File)
WASHINGTON (AP) — The IRS'!-->…
An introduction | phenomenal world
What crisis?
A year ago, you might think there had been a moment of relative calm for rich countries: a year of vaccinations had dampened the pandemic, inflation had yet to cause interest rates to rise and labor markets…
Police chief recounts arrest of serial murders, end of CA COVID state of emergency and cancellation…
KCRA 3 brings together all the information you need to get a head start on your day. Here you'll find what you missed overnight, what's happening throughout the day, forecasts and how your journey is progressing.…
What you need to know about medical debt and credit scores
Dear Liz: I disputed medical expenses of approximately $350. A few months later, I received a collection notice. I then called the medical provider, who said they would suspend collections while the dispute was pending. There was no…
Why Fintechs Should Care About CFPB
Fintech companies, especially fledgling startups, are primarily concerned with ensuring that they have a thriving business model that can attract sufficient funding, especially with a clouded economic outlook.Although legal and regulatory…
Pak says he won’t seek to restructure Paris Club debt
Pakistan said on Sunday it would not seek to restructure the debt of Paris Club creditor countries, fearing the cash-strapped country could not repay its external debt as it faces economic turmoil and a balance of payments crisis.Finance…
Credit Suisse seeks to bolster investor confidence with $3 billion debt buyback
ZURICH, Oct 7 (Reuters) - Struggling Credit Suisse (CSGN.S) said on Friday it had made an offer to buy up to 3 billion Swiss francs ($3 billion) of senior debt securities , in a bid to allay investor concerns ahead of its strategic launch.…
Biden’s student loan forgiveness request is coming soon. Here’s what you need to know
Washington
CNN
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The application for President Joe Biden's student loan forgiveness plan is expected to go live this week.…
Kansas Paid Off KDOT Debt Early, Saving State Over $22 Million – Newstalk KZRG
KDOTName
TOPEKA - Governor Laura Kelly today announced that for the first time ever, debt issued by the Kansas Department of Transportation has been prepaid, saving $22.2 million in utility!-->…
Fitch: Buying bonds won’t reduce El Salvador’s risk
El Salvador has bought back more than $500 million of its bonds at a huge discount, but that may not lower its risk of default in early 2023.
While the country's experiment with bitcoin as legal tender has been largely a failure, with…
Is China done with the repression of its market? Ask Fosun
Global investors these days are wondering if Beijing has moved to ease a year-long regulatory crackdown that cost them more than $1 trillion in losses. After all, China makes up about a third of the emerging market benchmark. It's just…
How Integrated Resourcing Solves Rising Costs and Falling Revenues
What is Integrated Resourcing? The debt collection industry faces major obstacles to profitability, including declining revenue due to competitive contingency rates and rising costs related to payroll and compliance regulations. Revenue…
A Proclamation on National Historically Black Colleges and Universities Week, 2022
Historically, black colleges and universities (HBCUs) help prepare their students to excel in all professions, and they encourage transformative movements for greater justice and equality in our democracy. During…
MORE THAN FINANCIAL HEALTH AT RISK FOR CANADIANS WHO BATTLE RECORD INFLATION, INTEREST RATES AND…
Rising debt and confusion about the impact of inflation and interest rates on their finances can lead to difficulties in other aspects of Canadians' lives, including their general well-being and their relationships
TORONTO, September 15,…
Jimmy Patronis seeks to ban political discrimination by debt collectors
Debt collectors will only be able to sue you if you're in the red, not because you're voting red (or blue), under a plan launched by the CFO Jimmy Patronis.
A law Project published by Patronis on Tuesday would prevent debt collectors from…
FAAN disconnects NAMA over N500m electricity debt
By Chinelo Obogo Officials the Nigerian Airspace Management Agency (NAMA) and the Federal Airports Authority of Nigeria (FAAN) were at odds over the weekend over the supply of electricity to Kano Airport.NAMA staff members, including air…
S&P upgrades flat operator Daseke’s debt rating after Moody’s holds line
Several months after Daseke expressed disappointment that one of the major debt rating agencies had not raised its rating, the flatbed operator got his wish when another did.When Moody's conducted a review of Daseke (NASDAQ:DSKE) earlier…
CreditSights finds errors in Indian Adani Group’s debt report
The Adani Group logo is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India April 13, 2021. REUTERS/Amit DaveJoin now for FREE unlimited access to Reuters.comRegisterNEW DELHI, Sept 8 (Reuters) - CreditSights,…
ARCON issues 7-day ultimatum to Turkish company to pay N481m debt owed to Nigerian company
The Advertising Regulatory Council of Nigeria (ARCON) has given Hayat Kimya, a Turkish company, a seven-day ultimatum to pay a N481 million debt.
This was announced in a statement released by ARCON's Managing Director, Dr.…
World News | IMF wake-up call to Pakistan: New CPEC investments pose risk to debt sustainability
Islamabad Sep 4 (ANI): The International Monetary Fund (IMF) has reiterated that any new investment in China-Pakistan Economic Corridor (CPEC) projects could pose a risk to Pakistan's debt sustainability, according…
IMF bailout promises much-needed relief, but for Sri Lanka and its people there will be more pain
Sri Lanka's provisional agreement with the International Monetary Fund for a rescue plan of 2.9 billion dollars is not a day too soon, although the agency's board has yet to give its final go-ahead, and the more difficult task of persuading…
S&P warns Bangladesh of inflationary pressures
Global rating agency Standard & Poor's (S&P) has warned Bangladesh that further depreciation of its currency will increase domestic inflationary pressures and make external debt service more costly. Bangladesh further liberalized…
Medical debt lawsuit against Providence now includes collection agencies
Medical debt lawsuit against Providence now includes collection agencies
The agencies violated the Collection Agencies Act and the Consumer Protection Act, according to the attorney general.…
Passaic NJ Opens New Dayton Avenue Educational Campus
Gov. Phil Murphy, along with a slew of other dignitaries, touted the school construction investment included in the 2023 budget during the grand opening of a new school in the town of Passaic on Tuesday.This project, the Dayton Avenue…
Vernon judge blasts debt collector who charged 40% annual interest | infonews
FILE PICTURE.
Image Credit: Shutterstock
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Black farmers say Cut Inflation Act reneges on debt relief promises
Virginia tobacco farmer Lester Bonner opened his mailbox one morning last June to find a letter from the United States Department of Agriculture. The five-page missive said the remaining balance on a $50,000 federal loan he…
How to deal with bad debts
Debt collection disputes can be a nightmare to manage, especially when the debt in question is passed from one company to another for collection.By the time Anca Popviciu opened a letter from Baycorp, it was with four different companies…
Cities take a big bite out of public safety pension plan debt | New
During the past fiscal year, municipalities in the East Valley took advantage of unexpected increases in…
Credit rating of Rs 35,000 cr debt could be downgraded due to RBI dictate: Icra
The Reserve Bank of India (RBI) diktat ordering credit rating agencies to adopt specific criteria…
Petro takes office in Colombia pledging to redistribute wealth | International
Colombia's first leftist president was sworn in on Sunday to begin his four-year term, pledging to…
San Francisco plans to invest in “social housing”. What is it exactly ?
Late last month, as part of budget negotiations, the Mayor of London Breed agreed to spend $112 million on affordable housing, calling for debt financing money to be used to pay for new housing projects and fund repairs to existing…
Sally sort it out:ee Let our daughter rack up a £9,226 mobile bill abroad!
I have two SIM only contracts with EE costing around £28 per month for unlimited calls, texts and limited data. As one of the phones is for my teenage daughter, a monthly spending cap of £5 was agreed.In June, she and my wife went to the…
GAO finds government underestimated cost of student loans
The Department of Education projected that student loans would generate $114 billion in revenue over the past 25 years. However, a new report shows that federal student loans actually cost the government $197 billion, a difference of $311…
Pakistani General Bajwa talks to US CENTCOM commander amid Pakistan debt crisis
During the call, General Bajwa and General Kurilla discussed in detail issues of mutual interest, regional stability as well as defense and…
Midday European briefing: Mixed stock markets; -2-
The UK government gave Jackdaw the regulatory green light in June, reversing its decision to block the project on environmental grounds.
The debt sale debacle at Barclays was bigger than we thought…
Personal Finances: Credit Card Mistakes to Avoid Right Now
When times are tough, credit card debt can be unavoidable if you learn how to manage credit or are forced to make risky financial decisions due to hardship.For Lydia Senn and her husband, this was their reality during the Great Recession of…
Blue Apron Obtains Lower Coupon Rate on Senior Secured Notes
NEW YORK--(BUSINESS WIRE)--Blue Apron (NYSE: APRN) today announced that it has received a rating from a leading rating agency that qualifies the company for the lower of two interest rates under the purchase agreement notes on its…
Testing time for central banks
This article is an on-site version of our Disrupted Times newsletter. Sign up here to receive the newsletter straight to your inbox three times a weekGood eveningBank of England policymakers could be forgiven for feeling a little…
Ukraine pushes back after Hungarian Orban attacks EU sanctions
On July 15, residents of the Ukrainian town of Vinnytsya mourned the death of 23 people killed by a Russian missile strike the previous day, while in the east of the country Russian forces shelled other sites in an attempt to take over…
South Korea’s budget deficit worsens through May
SEOUL, July 14 (Yonhap) -- South Korea's budget deficit rose 22.7 trillion won ($17.4 billion) in the first five months of this year from a year ago, largely due to increased government spending aimed at fighting the pandemic, data…
Mexico’s Pemex slides deeper into junk food as Moody’s cuts rating
The Mexican state corporation oil Pemex plunged deeper into so-called junk status on Monday after a major credit rating agency downgraded its long-term debt by one notch.Moody's Investors Service downgraded Pemex's credit rating…
Red flag: consumers are using Buy Now, Pay Later to cover their daily expenses
This is a concern for economists and consumer advocates, who say that the increase in the use of these services, coupled with a lack of transparency and little regulatory oversight, leaves them wondering how much debt Americans are actually…
Medical Debt Credit Score Changes Coming July 1
Starting July 1, the three biggest credit reporting agencies — Equifax, Experian and TransUnion — are changing the way medical debt affects people's credit scores.Medical debt has become pervasive as health care and insurance costs continue…
Retired teacher loses RM199,000 in Macau scam
SIBU: A retired teacher from Bintulu was defrauded of RM199,000 in a scam in Macau. Bintulu OCPD Superintendent Batholomew Umpit said on Sunday July 3 that!-->…
Letter: Tahoe Basin owes a debt of gratitude to Joanne Marchetta | South of Lake Tahoe
The Lake Tahoe basin owes a debt of gratitude to Joanne Marchetta. In her 13 years as head of the Tahoe Regional Planning Agency, she has recruited a talented team of experts; reengaged the TRPA in the community; worked with a wide!-->…
Turkey: Banking Regulation and Supervision Agency Announces Restriction on Turkish Lira Commercial…
Introduction
The Board of Directors of the Agency for Banking Regulation and Control ("table”) announced macro-prudential measures over the weekend, consisting of (i) the Board's decision on the prohibition of commercial loans in Turkish…
HMRC sent the HGVs even though I paid tax for my mum’s carer | Tax
It was my worst nightmare. Establish a payroll, sort out vacations and taxes and national insurance for other people. Become an employer.But that's what it was. At 93, my mother, Marje, was no longer able to support herself but she did…
Debt market start-up CredAvenue rebrands itself as Yubi
The online debt market CredAvenue has rebranded itself as Yubi. According to a company press release, the new name represents the company's long-term goal of controlling the debt ecosystem and acting as a transparent layer of…
U.S. commercial mortgage debt hits record $4.25 trillion in first quarter
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According to the Mortgage Bankers Association's latest Quarterly Commercial/Multifamily Mortgage Debt Outstanding Report, commercial/multifamily mortgage debt outstanding in the United…
CTOS targets SMEs through the acquisition of RAM
CTOS Digital Bhd's ambitions to expand into the corporate credit rating space are accelerating. This week, the consumer credit specialist said it would make!-->…
Yonhap News Summary | Yonhap News Agency
The following is the first summary of the main stories released by Yonhap News Agency on Thursday. -----------------Yoon pledges to pursue economic policies centered on private sector-led growth and deregulation SEOUL — President…
11th Cir. Periodic TILA statements can trigger FDCPA, FCCPA liability
The United States Court of Appeals for the Eleventh Circuit recently reversed a trial court's dismissal of a consumer complaint against a mortgage manager filed under the federal Fair Debt Collection Practices Act and the Florida Consumer…
Sonia Gandhi hospitalized for complications related to Covid
Congress Speaker Sonia Gandhi was admitted to Delhi's Ganga Ram Hospital on Sunday with complications from Covid-19, party spokesperson Randeep Surjewala said.Her condition is stable, but she will remain under observation by…
FCC invokes seldom-used owner character clause in attempt to revoke license of Knoxville’s…
The Federal Communications Commission is seeking to revoke the license for the Knoxville radio station that was once owned by James Brown. The media licensing body invoked the character clause of its radio licensees to shut down the…
NC treasurer pushes for charitable patient care in legislation
RALEIGH, North Carolina Passing legislation requiring North Carolina hospitals to provide minimum levels of free or reduced-cost care to low- and middle-income residents not covered by insurance and offer generous reimbursement…
Borrowing brakes eased for highly indebted states
The Center has moved to lift a virtual freeze on fresh market borrowing by states with large off-budget debt. However, it will remove at least 25 basis points (bps) from the base net borrowing (NBC) cap of 3.5% of the states' gross…
Renewable Energy Update – June 2022 | Allen Matkins
Projects
Solar Power World – May 31
The Luciana Solar Project, a 73 MW solar project in Tulare County, has entered commercial service and is expected to generate clean and affordable energy equivalent to the needs of…
Why Kenya supports new calls from UN agencies for debt service relief
Data center
Why Kenya supports new calls from UN agencies for debt service relief
Friday 03 June 2022
Foreign Affairs PS Macharia Kamau. FILE PHOTO | NMG
Kenya has welcomed a new push by African finance ministers backed by…
FG woos investors, says investing in FGN securities is profitable and risk-free – DMO
The Debt Management Office (DMO) says that Nigerians are advised to invest in the various federal government securities as they are cost effective and risk free.
DMO Director General Patience Oniha said this in an interview with News…
Economic team: so far so good
The business community is delighted with the way the economic team of the new Marcos administration is taking shape. The reason for this is that the names unveiled so far to lead the key agencies involved in managing the economy are…
War in Ukraine: latest developments
Here are the latest developments in the war in Ukraine:
Pro-Russian forces claim key eastern city
Moscow-backed separatist forces in eastern Ukraine say they have captured Lyman, a strategic town between the city of Severodonetsk and the…
What is a collection account?
How the collection process works
The collection process is designed to maximize debt collected and settle outstanding debts. It favors the lender, not the borrower, and generally follows the steps below.
Step 1:…
Baring Pe Asia to raise $350 million in debt and finance the acquisition of Igt Solutions
Bombay : Private equity firm Baring PE Asia, which is acquiring BPO firm IGT Solutions from Apollo Global, is in the process of raising $350 million in debt to fund the $800 million buyout, two people with knowledge…
German Parliament approves 140 billion euros of additional debt in 2022
BERLIN: The budget committee of the German Bundestag (lower house of parliament) has passed the country's annual budget for 2022, authorizing total spending of 496 billion euros ($523.5 billion) and about 140 billion euros in new debt.
The…
Democrats urge Biden to move forward on canceling student loan debt – The Virginian-Pilot
WASHINGTON — Senate Majority Leader Chuck Schumer and fellow Democrats Elizabeth Warren and Raphael Warnock proposed to President Joe Biden to go big with student loan forgiveness during a meeting at the White House on Wednesday. The three…
S&P confirms Israel’s AA- rating, citing resilient economy despite security risks
Rating agency Standard & Poor's (S&P) kept Israel's favorable rating unchanged at AA- with a "stable" outlook, the Finance Ministry said late Saturday, citing the company's announcement released Thursday.
The announcement was…
White House prepares to ration Covid vaccines: report
Welcome to the weekend. We hope you are having a relatively normal Friday the 13th. As Congress blocks Covid funding, White House prepares to ration vaccines: report
With billions of dollars in extra pandemic funding tied up in Congress —…
CFPB orders Scam ringleaders to pay over $8 million to consumer and student borrowers
washington d.c. - Today, the Consumer Financial Protection Bureau (CFPB) finalized a lawsuit against debt relief payment processors RAM Payment and Account Management Systems (AMS), as well as the co-founders of AMS,…
Feds order Fayetteville Housing Authority to pay off debt
FAYETTEVILLE — The Housing Authority wants clarification on how much money the federal government claims was misspent and has to pay back.The authority owes its development nonprofit more than $164,000, according to a division of the US…
Why easing policies may not revive China’s property market anytime soon
BEIJING (CAIXIN GLOBAL) - The Chinese real estate market is no stranger to typical business cycles. The continuous expansion and contraction of sales and investments have helped the market grow in value up to four times the country's GDP.…
Privatize tax collection from overdue states? Here’s why Connecticut lawmakers say not so…
Governor Ned Lamont's administration wants to sell the state's outstanding tax debt to private collection agencies, but the General Assembly isn't ready to go along with that — at least not yet.The House of Representatives amended a bill…
Democrats try to address Americans’ concerns about inflation
Ten members of the Republican House on Thursday voted against a Lend-Lease bill that would speed up the process of helping Ukraine.The measure, first introduced by a bipartisan group of senators, would update 1941 legislation used by the…
Valneva announces expanded financing agreement with
Up to an additional $40 million made available under the deal Holy-Herblain (France), April 26, 2022 – Valneva SE (Nasdaq: VALN; Euronext Paris: VLA), a vaccines company, today announced an agreement to increase the principal amount…
S&P raises Greek debt rating to BB+
WASHINGTON:
On Friday, S&P Global Ratings upgraded Greece's debt rating to BB+, citing improvement in its economy even as the country grapples with shocks from war in Ukraine.
"The upgrade reflects our expectation of continued…
5 Takeaways from the New Federal Report on Medical Debt Collection
Medical debt complaints accounted for 15% of all debt complaints received by the Consumer Financial Protection Bureau in 2021.
The federal agency charged with ensuring U.S. consumers are treated fairly by banks, lenders and other…
Nowhere to hide for state loan defaulters as KDC fidgets
Business
Nowhere to hide for state loan defaulters as KDC fidgets
Friday, April 15, 2022
After more than seven years of reforms, the Treasury last year merged three public development finance institutions (DFIs) - Industrial…
A woman was fined after parking in her own parking lot
A disgruntled resident of a gated community in Stockport says she was fined for parking in her own residents' parking lot. Donna Hefferon, 40, lived in a flat at Marsland House in Stockport with his wife Lisa, for 12 months. She says!-->…
Here’s how to prepare for August
Select's editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from…
Moody’s claims a ‘resilient’ economy
Moody's claims a 'resilient' economy
Agency maintains Thai credit rating with stable outlook, but public debt expected to rise…
Protesters outside the Ministry of Education demand student debt relief and threaten to strike
In Washington, DC, hundreds of protesters led a march to the Department of Education for a national day of action on Monday demanding that the Biden administration cancel all student debt. This is Braxton Brewington, press officer at the…
Moody’s raises South Africa’s credit outlook on…
South Africa's Ba2 rating has been reaffirmed, rating agency Moody's Investors Service said in a statement on Friday (April 1st). Although the country remains a few notches below the coveted investment grade status, its outlook has…
DMO says rise in government debt revenue is caused by rising budget deficit
The Debt Management Office (DMO) has revealed that the reason for Nigeria's rising public debt is due to increasing budget deficits over the years.
This was revealed by the Director General of DMO, Patience Oniha, in an interview…
How to pay off $30,000 in student debt
Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as "Credible", is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us…
Federal watchdog questions whether credit reports should include medical debt – InsuranceNewsNet
WASHINGTON — When my daughter's right lung collapsed two years ago, she had to have emergency surgery. Even as she struggled to breathe, she worried about how much of her care would be covered by her health insurer.
This is the state of…
A traffic stop resulted in fines of $4,342. In Louisiana, justice benefits. | Legislature
Engrid Hamilton remembers being annoyed when the blue lights flashed on Loyola Avenue near New Orleans City…
‘Significant success’: Puerto Rico officially emerges from bankruptcy | Debt News
The government will also restore up to $1.3 billion taken from a public pension system.Puerto Rico's government has officially emerged from bankruptcy, completing the largest public debt restructuring in U.S. history after announcing nearly…
Debt collectors can now send you a DM and here’s what the experts recommend
The following is a press release from the Better Business Bureau. IDAHO FALLS - The debt collection process just got a little more interesting with recent changes to the Fair Debt Collection Practices Act. Among other things, the new…
Topgolf’s Debt Ratings Updated | SGB Media Online
S&P Global Ratings raised the debt rating of Topgolf, which is owned by Callaway Golf, due to Callaways' decision to suspend an opportunistic refinancing operation that would have allowed it to consolidate all of the group's…
Thailand tries to avoid ‘demographic crisis’ as birth rate plummets
The number of births has fallen by nearly a third since 2013Thais choose not to have children due to debt and cost of livingAging population threatens future as manufacturing hubGovernment plans to support parents and use…
Domestic aviation sector may post a net loss of Rs 26,000-Cr this financial year: Icra
The domestic aviation industry is expected to record a net loss of Rs 25,000-26,000 crore this financial year as high jet fuel prices and tariff caps continue to pose a major challenge to airline profitability, the agency said. ICRA Ltd…
African American Farmers Association Calls For Agriculture Secretary Thomas Vilsack’s…
NASHVILLE, Tenn. (TN Tribune) - This year marks the 25th anniversary of the Pigford vs. Glickman racial discrimination class action lawsuit filed by black farmers against the United States Department of Agriculture (USDA) for…
Egypt and South Korea to cooperate in transport and railway sectors
Egypt discussed with South Korea on Friday ways to support and develop joint cooperation in the fields of railways, metro and maritime transport.They also reviewed other ongoing projects between them.Egyptian Minister of…
Private investigators to spy on welfare recipients in Services Australia crackdown |…
The welfare agency insists its invasive surveys are only used as a last resort and have been the norm for more than two decades.It comes as Government Services Minister Linda Reynolds announced in December that a COVID-19-related pause on…
Telecom scam, Bundaberg – Bundaberg
On January 31, a local resident of Bundaberg received a letter in the mail, believed to be from a telecommunications company.
The letter said the resident had to pay $480.17 for a canceled account or a credit reporting agency would be…
Fitch downgrades Turkey’s debt amid soaring inflation
Fitch downgraded Turkey's sovereign debt and delivered a scathing verdict on President Recep Tayyip Erdogan's plan to tackle soaring inflation.The international rating agency pushed the long-term debt rating deeper into undesirable…
I was told to pay off a mysterious £1,250 Universal Credit bill after scammers made a false claim on…
Waking up in the middle of the night worried, Martin Cardon has no idea how he was going to pay a mysterious £1,250 bill from the Department for Work and Pensions.
A letter had landed on his doormat in January – but there was no…
Investors provide Moove with $10 million debt financing for expansion
By Modupe Gbadeyanka
The Lagos State Government has clarified that the new consolidated daily tax N800 on the informal transport sector in the state is a structure put in place to reduce multiple taxes, fees and levies for…
No Surprises Act aims to protect you from surprise medical bills (read: crazy) | Way of life
The Consumer Financial Protection Bureau this month warned debt collectors and credit agencies to be more…
Fact check on Kenyan politician Musalia Mudavadi’s speech at his party’s delegates…
In one book 2021 he co-wrote and co-edited, Outgoing Kenya central bank governor Patrick Njoroge defines independence of central banks as autonomy of the bank to do its job without political interference.
The book, 50 years of…
The CFPB launches a campaign against “unwanted fees”
The Consumer Financial Protection Bureau (CFPB) has launched an initiative to reduce "junk fees", an initiative that the agency says will save consumers billions of dollars each year.
“Many financial institutions mask the true price of…
OP-ED: Senseless Inaction on Pa’s Transportation Disorder | Op-Ed
The story has often been told of an intellectually deprived Pennsylvania…
Can India’s line of credit save the island’s flagging economy reeling from Chinese debt?
Sri Lanka, the Indian Ocean littoral state whose economy depends mainly on tourism, has been ravaged by debt and a depleted foreign exchange reserve, to the point that the country is facing a massive shortage of food and fuel.
The pandemic…
Millennial Money: What if you buy now, but can’t pay later?
Buy now, pay later” can be a convenient payment method. But if you don't factor recurring payments into your budget, it can get messy.
This is especially true if you're…
(Korea Times EDITORIAL Jan. 17)
Policy mismatchMonetary and fiscal policies must go hand in hand Monetary and fiscal policies must go hand in hand to maximize their effects. Imagine what will happen if they move in the direction of the opposition. An example of…
Dealing with debt? Don’t be afraid to ask for help – NBC Connecticut
Debt can be debilitating. Although student loans and mortgages are widely discussed, credit card debt is so stigmatized, but it shouldn't be.
There's help out there - just ask Maura Donovan.
Donovan just bought a new house,…
IMF hails Senegal, pledges $ 180 million aid fund
(Agence Ecofin) - The International Monetary Fund (IMF) is satisfied with Senegal's economic performance, despite the pandemic and the low vaccination rate in the country. “Recent indicators suggest that a strong recovery is underway,…
What Biden Lacks On For-Profit College Debt
(CNN) - The Biden administration is committed to making college more affordable. But he chose not to reinstate an Obama-era rule…
Confusion reigns over the scope of the Debt Collection Authorization Act – Finance and Banking
United States: Confusion reigns over the scope of the Debt Collection Licensing Act…
Families Use Child Tax Credit to Pay Off Debt, Census Bureau Says
The future of the child tax credit hangs in the balance as the Biden administration struggles to pass the Build Back Better bill, which would extend the benefit until 2022. (iStock) Expanded Child Tax Credit (CTC) payments have…
Can investors trust the actions of cruise lines in 2022?
This was finally the year that cruise lines started sailing again in droves, but the journey was longer Gilligan Island than Love boat. The three cruise stocks that have held up surprisingly well in…
Seremban bank agent loses RM 105,000 in Macau scam
SEREMBAN: A 47-year-old bank agent lost almost 105,000 RM in a phone scam here. State Commercial Crime Investigation Department superintendent Aibee Ab!-->…
Councils want monopoly on electricity delivery in South Africa – despite massive debt and…
The South African Local Government Association (Salga) has filed an application with the High Court in Pretoria for a declaratory order that would give South African municipalities exclusive rights to administer, distribute and sell…
Get skills, not bills, on an unpaid internship
Each summer, students flood desks as unpaid interns, soaking up their knowledge and seeking positive references while taking lunch orders and organizing storage cupboards. But this reliance on unpaid work leaves students unable to…
FG pressured us to shut down Globacom over N4.7 billion debt: NCAA
The Nigerian Civil Aviation Authority says it has closed Globacom Limited's main switching center in Wuse 2, Abuja for non-payment of the 4.7 billion naira debt due to "enormous pressure" exercised by the federal government.…