A worker takes off U.S and Puerto Rican flag in San Juan, Puerto Rico, May 16, 2016. Reuters/Alvin Baez A relief plan to help Puerto Rico address its $70 billion debt cleared a critical hurdle in the U.S. Senate on Wednesday, getting the supermajority it needed to advance to debate and a final vote this…
5102591 Democratic presidential candidate Hillary Clinton unveiled a new plan Tuesday that would provide student loan assistance, and potentially full forgiveness, to college graduates who try to start their own business. But almost immediately after being announced, critics on the left decried Clintons plan, arguing that it will be too beneficial to white male graduates. Under…
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ET INTELLIGENCE GROUP: The sale of South African business will help Tata Communications quicken the process of paring its debt. On Tuesday, the data services and IT infrastructure provider announced that it has entered into an agreement with Liquid Telecom, a pan-African telecom group to sell its entire 67% stake in the South African subsidiary…
Like this story, share it with millions of investors on M3 Neotel deal to help cut debt; data biz to be in focus: Tata Comm While Neotels debt will be reduced, the core debt of group will come down by USD 50 million post the…
Credit Counselling and Debt Management Agency CEO Azaddin Ngah Tasir says the majority of people seeking help are those aged 32 to 45. KUALA LUMPUR: The Credit Counselling and Debt Management Agency (AKPK) has helped 10,480 people settle outstanding debts through its Debt Management Programme. These individuals managed to pay off a cumulative amount of…
More people are now seeking help for essential household bills than consumer credit debts, according to Citizens Advice Mid Lincolnshire. The charity is reporting a shift in the type of debt problems it helps people with. Latest figures show more people are seeking support with rent, council tax, fuel and water debts while consumer credit…
Top Treasury Department and Puerto Rican officials are begging the Senate to move quickly on a bill to help the commonwealth handle more than $70 billion in unpayable debt. Funding for public services in Puerto Rico is drying up under the commonwealths shrinking economy and lack of access to credit markets, so leaders are pushing…
Earlier this month, the Consumer Financial Protection Bureau proposed rules on the massive payday loan industry. CFPB wants to force lenders to test borrowers ability to actually pay back loans, and limit re-borrowing, which creates a spiral of debt and exorbitant fees. Both supporters and critics of the rule agree that it will probably force…
Photo: Finance Magnates UK-based London Capital Group Holdings PLC (LON:LCG), traded on the London Stock Exchange (LSE), announced details today of a restructuring proposal aimed to help strengthen the companys position. The deal will inject £10 million into the company, effectively boosting its regulatory capital and resulting in the stake of the majority shareholder of…