Market regulator Securities and Exchange Board of India (Sebi) is keen on bringing out norms with regard to ‘gating’ redemptions and spell out instances when funds can create a ‘side-pocket’ to help investors and fund houses navigate the recent Amtek Auto-like episodes better. The move is also aimed at preventing large-scale exodus of…
Time is growing short for Congress to help Puerto Rico out of the worst debt crisis any state or territory of the United States has faced since the Great Depression nearly 100 years ago. By every possible measure, Puerto Ricans are facing a grim present and an even darker future unless Congress offers a helping…
Erika Singleton said she moved her family to Richton Park in 2014 to escape gun violence in her Auburn Gresham neighborhood on the South Side. Though she said she feels safer in the south suburbs, she watched her living expenses, including rent and her children’s activity costs, grow from $500 a month to $2,500. “Honestly, we were…
The American Dream of college education has turned into a nightmare for many saddled with student debt, but momentum is building in Congress for a solution that could benefit workers and employers alike. Rep. Rodney Davis (R-Ill.) is pushing one of two bills that advocate for a small change in federal tax law to help avert billions of dollars…
State Rep. Kurt Daudt (R-Crown) The Minnesota lobbyist who helped House Speaker Kurt Daudt in lawsuits over credit card debt was hired and paid by the Republican lawmaker, a spokeswoman told the Business Journal. The lobbyist, R. Reid LeBeau II, is helping Daudt fight a debt lawsuit brought by U.S. Bancorp’s U.S. Bank subsidiary over…
By Ruth Lythe for Money Mail Published: 11:01 EST, 9 March 2016 | Updated: 20:17 EST, 9 March 2016 More than 200,000 credit-card borrowers turned to a charity for help last year because they were unable to repay their debts. Stepchange says the number of families contacting it over out-of-control credit card balances has soared…
Over the years, the Rev. Carl Walker has seen some of his Morning Star Missionary Baptist Church congregants slide deeper into poverty. This month, he has swapped out one of the congregations weekly Bible studies for a self-help session on finance and legal aid. Id love to see the church become more useful to help…
MIAMI LAKES, Fla.–(BUSINESS WIRE)–Christina Fiallo, one of the top bankruptcy attorneys in Miami, officially launched her website on Tuesday, March 1, 2016. Fiallos firm has only been open for a little more than 1 year, but has already assisted more than 250 people with Chapter 7 and Chapter 13 bankruptcy help, as well as other…
National Debt Relief recently shared in an article published February 15, 2016 how getting enough sleep has a direct hand in helping consumers manage their finances better. The article titled “Want To Improve Your Finances? You Have To Sleep More” looks into some of the benefits of getting enough sleep and how it translates to…
PacSun, the Anaheim-based surfwear brand, has hired financial advisers to help with its $160 million debt, payable at the end of the year, according to The Wall Street Journal. The troubled brand is working with Washington, D.C.-based restructuring firm FTI Consulting Inc. and New York-based investment bank Guggenheim Securities. In 2011, PacSun received a $100…