The average student in debt has about $37,000 to pay. Its a more-than $1 trillion problem for the U.S. Congress could step in: There is a bill with bipartisan support that gives businesses a tax break if they help employees pay student loans. Some companies are awaiting the legislations passage to begin college debt repayment…
Completed your degree to be faced by a mountain of debt? Youre not alone. According to a new report by CNBC, outstanding student debt in the US has tripled over the last decade and is projected to swell to $2 trillion by 2022. CBS News also released a new report stating that the graduating class…
A new startup aims to help you get your student loans under control. Today, an app called Pillar, backed by $5.5 million in seed funding led by Kleiner Perkins, is launching a simpler way for consumers to better understand their student loan debt and even pay it off early. To do so, the app connects…
DUBLIN, May 29 (Reuters) – Bond sales linked to the resolution of Irelands banking crisis helped the central bank record a profit of 3 billion euros ($3.35 billion) last year, 2.4 billion of which has been paid to the state to help cut the national debt. The annual surplus paid to the state has risen…
The science fiction writer William Gibson once observed the future is already here its just not very evenly distributed. This sentiment almost perfectly describes the current state of digital transformation within banking. Some operational areas, like account opening and fraud management, have seen significant changes as banks have worked to redesign legacy processes around new…
Chinas financial regulators are stepping up penalties on banks and asset managers caught hiding bad debts as Beijing grows increasingly wary of the countrys opaque cache of unpaid loans. The strengthened enforcement underlines authorities rising concerns over a potential runaway bad debt problem at smaller banks in the country, a trend that Chinas top leaders…
In 2018, regulators forced banks to recognise the bad debt disguised as special mention loans, resulting in Rmb1.75 trillion ($372.5 billion) hitting the market for bad debt sales last year, the highest level in 20 years. The aim of such tight policy is to expose the problems at the banks to the regulators, because banks…
The GlobalDebt SettlementMarket report value has been estimated considering the application and regional segments, market share, and size, while the forecast for each product type and application segment has been provided for the global markets. The Debt Settlement report offers detailed profiles of the key players to bring out a clear view of…
Wendy Newell was stuck in her relationship for so long she barely recognised herself. When she finally escaped after 17 years of an unhappy marriage, she was a jobless alcoholic with severe debts and no access to her two sons so she turned to religion to get out of debt. I was lost in that…
Now is the time to do it: Tasmanian Treasurer Peter Gutwein, left, and Premier Will Hodgman flag the states debt. Picture: Nikki Davis-Jones A year after declaring Tasmanias golden age, the Hodgman government will plunge it back into debt for the first time in 16 years, while cutting the public service. A boost to health…