Talie Croad says it is tempting to get into more debt once you feel more in control. Talie Croad had racked up $13,000 in consumer debt when she decided something needed to be done about it. There was money owing on a Q Card, credit cards, a personal loan and smaller amounts due to people she knew.…
On Thursday, KoreConX announced its new program that helps equity and debt crowdfunding platforms go truly global by accessing Chinas accredited investor base and companies in need of funding. The program, Going Global Solutions, provides portals with a feasibility study of the marketplace, recommendations regarding the legal and regulatory framework, technology deployment requirements, and operations and support.President and CEO of…
The Consumer Financial Protection Bureau will propose new federal limits today on payday and auto title loans to help borrowers avoid what the agency says is often a “debt trap” for millions of Americans. The federal agency, which was created by the Dodd-Frank law adopted by Congress in 2010 in the wake of the financial…
Citizens Advice Causeway has launched a new Debt Advice service across Northern Ireland. The service is aimed at individuals who need help with their debt problems. Statistics show that the percentage of over-indebted individuals in the Causeway Coast and Glens Borough Council area sits at 20.5 percent, thats higher than the UK average of 16.1…
Screen shot from Center for Individual Freedom YouTube page The debate over a deal to help Puerto Rico handle its crippling debt obligations continues to rage in Congress and on the airwaves. As we reported in April, the Center for Individual Freedom (CFIF), a 501(c)(4) dark money group, is running an aggressive ad campaign against…
Screen shot from Center for Individual Freedom YouTube page The debate over a deal to help Puerto Rico handle its crippling debt obligations continues to rage in Congress and on the airwaves. As we reported in April, the Center for Individual Freedom (CFIF), a 501(c)(4) dark money group, is running an aggressive ad campaign against…
Apollo Global Management is reaching back into its playbook. The private equity investor has been buying up bonds of Claire’s Stores, the jewelry chain it acquired in 2007, Bloomberg News reported late Tuesday. It’s a move that lets Apollo better control the company’s fate, which has been bleak since the firm’s buyout saddled it with more…
Dive Brief: The Puerto Rico Electric Power Authority (PREPA), the U.S. territorys public utility and only electricity provider, has received approval from its governing board for a rate increase of $0.04/kWh to help underwrite of its $9 billion debt restructuring deal. If approved by the Puerto Rico Energy Commission (PREC), ratepayers will see a $0.013/kWh higher volumetric charge…
District of Columbia Attorney General Karl Racine on Wednesday filed a lawsuit against Student Aid Center, a Florida-based debt relief company, and its owners for misleading area residents about the firms ability to lower student loan payments and illegally charging upfront fees before providing the service. Racine found evidence of the company charging fees of…
The epidemic of student debt has led to any number of bogus debt relief schemes. The Federal Trade Commission (FTC) and the state of Florida last week took action against two allegedly phony student debt relief schemes, and defendants in a similar FTC action filed earlier this year have agreed to get into another line of…
