We have this good friend who regularly tells us how much government debt has risen, the interest bill the country is paying and that the economy is therefore a disaster waiting to happen. We explain patiently that it isnt as bad as hes describing and he always replies with a glib one line response he…
Recently, the FTC stopped several student debt relief companies from operating after it found the companies were making false claims that they could reduce loan payments and even eliminate student loan debts entirely. Impetus Enterprise, Inc. and two related corporations charged customers upfront fees for debt relief, which is illegal, to the tune of at…
In South Florida this weekend on a book tour with author James Patterson, former President Bill Clinton will take a brief detour to Miami Beach to help Donna Shalala recoup all that money she lent her winning congressional campaign. Clinton is slated to appear during a small, intimate gathering with Shalala on Saturday at the…
AGL chief executive Brett Redman said these cuts should help consumers but more work needed to be done on energy affordability. Loading Weve listened to the concerns of our customers. Businesses, governments and regulators are taking action to bring prices down, despite many input costs going up, Mr Redman said. Clearly, theres more work that…
By The Herald Editorial Board Betsy DeVos, secretary for the U.S. Department of Education, issued a dire warning Tuesday that student debt represented a looming crisis in higher education, as she spoke before a Federal Student Aid training conference in Atlanta. Without a doubt, student loan debt has reached a record level: $1.52 trillion among…
Its that time of year when recent college graduates have to start paying back their student loans grace period is ending, and Fifth Third Bank has a solution. By teaming up with CommonBond, a leading financial technology company, Fifth Third Bank is providing its customers with solutions that could help them save money on…
The pre-Christmas sales are now in full swing and retailers are bombarding us with their so-called too good to miss offers. But now can also be a particularly dangerous time for people being tipped into debts by festive spending which they could spend much of 2019 trying to pay off when bills thud onto doormats.…
G-20 leaders had one thing on their minds when they gathered in Toronto in June 2010: debt. Their response to the crisis over the preceding three years was effective in stabilizing markets, buttressing the global financial system, and supporting growth through coordinated fiscal stimulus. But these bold actions took their toll. Increased spending, tax cuts,…
Digital bank startup Judo Capital has signed a $350 million Credit Suisse debt facility The money will be used to provide further depth to Judos lending of small and medium sized enterprises. In August this year, Judo announced that it had raised $140 million of equity. Fintech Judo Capital, which is seeking a banking licence,…