The Federal Trade Commission (FTC) said Monday (Dec. 9) that at its request, a federal court halted and froze the assets of the operators of a scheme that allegedly bilked student loan borrowers while pretending to be affiliated with the Department of Education. In response to the FTC’s complaint against Nevada-based Superior Servicing and its…
Before the Covid-19 pandemic swept across the globe, Côte d’Ivoire stood out as one of Africa’s fastest-growing economies. From 2012 to 2019, the nation boasted an annual growth rate of 8%, fueled by sound economic policies and a period of relative political stability. The benefits were tangible: poverty rates fell from 44% to 39.5%, and…
KEY TAKEAWAYS The Federal Trade Commission helped end a $10 million student loan debt relief scheme by Nevada-based company Superior Servicing. A federal court recently placed Superior Servicing under a temporary restraining order and froze its assets after an FTC lawsuit in 2023. The company had allegedly made false claims that they were affiliated with…
A New Jersey family is suing DraftKings after a father of two gambled away more than $1 million of his family’s money across four years. The man, known by his username Mdallo1990, allegedly lost $942,232.32 between Jan. 1, 2020, and Jan. 13, 2024, due to his gambling habits, according to a lawsuit filed on Thursday,…
The Iceland “microloans” range from £25 to £100, in the form of a prepayment card to be used in Iceland, and after the initial loan can only be taken out during school holidays. They are a way for those who cannot ordinarily get credit to afford essentials during periods of strain, and pay them back…
For many credit card users, a debt forgiveness plan may be worth pursuing this month. Getty Images/iStockphoto Credit card debt continues to rise, with balances up by $24 billion in the third quarter of 2024, according to the Federal Reserve. Americans now owe a record $1.17 trillion as consumers turn to their credit cards to…
Jay Leno has sparked a wild conspiracy theory after suffering a 60-foot fall down a hill that left him with significant bruising to the left side of his face, an eyepatch and a broken wrist. Despite revealing that his injuries were sustained during his nasty tumble while staying at a Hampton Inn, social media users began speculating that…
The African Development Bank has provided key insights into how Nigeria and other African nations can address their growing debt burdens and foreign exchange challenges. The Bank’s Vice-President for Economic Governance and Knowledge Management, Prof. Kevin Urama, told the News Agency of Nigeria that strategic borrowing and political stability were critical for growth. Speaking on…
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The World Bank’s 2024 report, “Poverty, Prosperity and Planet,” presents a sobering forecast for global poverty reduction efforts. At the current rate, lifting half of the world’s population out of poverty could take over a century. This projection underscores the urgent need for effective international development strategies to address global poverty reduction challenges. The report…