New mortgage rules to help rein in rising debt levels, says Bank of Canada – Toronto Star

While the Bank of Canada said Thursday the probability of an economic shock materializing remains low, it noted that such an event could have significant consequences.  (AFP/GETTY IMAGES FILE PHOTO)   By Andy BlatchfordThe Canadian Press Thu., Dec. 15, 2016 OTTAWAThe Bank of Canada is expecting new mortgage rules to help ease a continued rise in household…

Millionaire Congressman-elect Trey Hollingsworth appeals for help with campaign debts – WTTV CBS4Indy

Trey Hollingsworth × Millionaire Congressman-elect Trey Hollingsworth appeals for help with campaign debts Trey Hollingsworth WASHINGTON, D.C. Trey Hollingsworth, the multimillionaire who won a seat in Congress during the November election, is asking for donations to help repay money he owes to his pollster and political consultants. According to our newsgathering partners at the IndyStar, Hollingsworth…

Greece’s European Creditors Suspend Debt Relief Measures – Voice of America

ATHENS   European creditors on Wednesday pulled a recently announced debt relief package for Greece in protest against subsequent spending measures announced by Athens. Greek stocks fell sharply and the government’s borrowing rates jumped as investors fretted over a potential flare-up in the country’s bailout problems and the possibility of early elections in the country.…

Millionaire Rep.-elect Trey Hollingsworth asking for help with campaign debts – Indianapolis Star

Trey Hollingsworth might originally be from Tennessee, a reader writes, but he has created hundreds of Hoosier jobs.(Photo: David Snodgress/The Herald-Times via AP) WASHINGTON Incoming Indiana Congressman and multimillionaire Trey Hollingsworth is asking his new colleagues for donations to repay nearly a quarter million dollars he owes to his pollster and other political consultants. Hollingsworth,…

Greek shares tank as eurozone suspends debt relief – Bristol Herald Courier (press release) (blog)

ATHENS, Greece (AP) Greek shares have fallen sharply while the interest rates charged on Greek bonds jumped higher after the country’s European creditors pulled a debt relief package announced only last week in protest at subsequent budget measures by Athens. … Read the full article at: http://www.heraldcourier.com/workittricities/business_wire/greek-shares-tank-as-eurozone-suspends-debt-relief/article_4eee7508-66e7-575b-bdd3-7c594b1ef421.html

Activists and borrowers call on Obama administration to provide debt relief to defrauded students – Inside Higher Ed

Having unexpectedly found itself handing off the baton to a Republican administration in January, the U.S. Department of Education is racing to finish a slate of Obama administration priorities. But few of the department’s remaining tasks are as daunting as processing thousands of debt-relief claims filed by former students of closed for-profit colleges. Since the…