After the devastating fire that hit California earlier in January this year, PG&E filed bankruptcy protection to prevent liabilities linked to the fire. Two months later, the power utility provider got approved of the $5.5B loan, which claims to...
Earnings of pawnshops and payday lenders soared since the U.S. government shutdown started in December 2018. The shutdown, the longest in American history has denied the salary of hundreds of thousands of government employees and contractors.
To make their ends...
Despite having a $3B cash reserve in 2018, China continues to loan money from the World Bank to fund its domestic programs. It is still the top borrower from the Washington DC-based organization, with loans amounting to almost $2B each...
The Consumer Financial Protection Bureau proposes to repeal sections of a rule aimed to protect vulnerable American borrowers from predatory payday lenders.
The federal agency for consumer protection in the financial sector is moving to dismiss requirements for lenders to...
U.S. Department of Veterans Affairs (VA) had published a final rule on cash-out refinance loans guaranteed by the department, according to a recent VA release. This move aims to protect further veterans who are paying home loan mortgages from...
Starting in fall 2020, the Colgate University in Hamilton, New York will be phasing federal loans out for current and incoming students with a total family income of $125,000 and above.
The decision for this move is to help lessen...
The moneylender Amigo Loans, which has more than 200,000 customers in the UK, is now lending to Irish customers but charging nearly 50% interest charge.
The listed lender who markets to individuals with a poor credit score is offering loan...
The Federal Reserve is mulling on imposing a stricter policy on foreign bank branches to tighten the "loophole" that allowed overseas lenders to protect its assets from U.S. bank rules, people privy to the matter said.
The potential rule change...
18In the past years, it seems that more and more Americans are keen on getting their own cars. According to Statista, auto loan balances in the United States from 2016 to 2018 increased from $1.005 trillion in the first...
The UK witnessed a significant increase in the number of first-time home buyers, according to the Mortgage Finance Gazette. This reflects a great development after 2006’s low numbers. Last 2018, there were 370,000 first-timers indicating a 1.9% growth. In...
