‘Scared and furious’: Woman shocked to discover she has $36000 education debt – The Sydney Morning Herald

Created by the Coalition and expanded by Labor, the scheme granted private colleges virtually unregulated access to government subsidies for virtually every student they enrolled. This created a perverse incentive for some colleges to enrol as many people as they could, sometimes luring them with laptops and other incentives to sign up to often substandard…

Bad debt manager China Cinda to help top regulator tackle peer-to-peer lending risks – South China Morning Post

China Cinda Asset Management, one of the countrys four biggest state-owned bad debt managers, said on Thursday it would proactively help the government tackle peer-to-peer (P2P) lending risks, after confirming Chinas top financial regulator had recently met the big four asset management companies on the issue following several protests in the past few weeks by…