Tesla ( TSLA ) Chief Executive Elon Musk and President Trump disagree on climate change, but both businessmen say Puerto Rico needs a lot of help amid Hurricane Maria’s devastation of the island territory. Musk, also the CEO of SpaceX, has offered to come to Puerto Rico’s rescue with solar-energy technology, via Tesla’s Solar City unit.…
FIVE million consumers are struggling to pay their credit card debts, the chief of the City watchdog has warned. Financial Conduct Authority (FCA) boss Andrew Bailey slammed lenders for not doing enough to help those customers “with persistent credit debt.” Getty – Contributor Five million people are struggling to deal with their credit card debt…
MANILA – Finance Secretary Carlos Dominguez is calling on the Land Bank of the Philippines and the Government Service Insurance System to come up with a refinancing program for public school teachers who are saddled with debt, his office said Thursday. The “easy to pay, low interest” scheme is needed after a recent report by…
THOUSAND OAKS, Calif., Oct. 4, 2017 /PRNewswire/ — In what has been a record-setting month, LoanGifting welcomes over 100,000 new student loan debtors to its crowdfunding website in September alone. What appears to be: “The Future of Student Debt Relief,” LoanGifting has combined the power of crowdfunding and employee sponsored Student LoanBenefitsTM. LoanGifting could easily attract…
For bondholders sitting on Puerto Rican debt, Hurricane Maria may have come just when they needed it, just as a yearslong battle over the fate of the islands financial future was beginning to turn against them. Or, depending on how the politics shake out, they could see their entire bet go south. Ahead of Maria,…
Democrats are urging the White House and Congress to use the rebuilding of Puerto Rico after Hurricane Maria to address the U.S. territorys broader debt crisis. Senator Chuck Schumer, the partys leader in the Senate, said Puerto Rico needs a fair solution to deal with the $74 billion in debt that it was saddled with…
“This is not something a president should be doing or can do,” said Larry McDonald, head of the U.S. macro strategies at ACG Analytics. “It’s just noise, and it’s pretty far removed from reality.” “This is not a dictatorship. We have bankruptcy judges and the rule of law,” McDonald said. “But it is scaring the…
LoanGifting allows student debtors to connect with their extended network of friends, family and employers to help pay down student debt. This fintech solution allows payment to be made direct to a student debtor’s loan, streamlining the repayment process and providing greater relevance to loan holders than 401k contributions for those employed. For the millions…
President Donald Trumps visit to Puerto Rico on Tuesday showed a deep disconnect between his vision of the federal disaster response to the territorys devastation after Hurricane Maria and the reality being reported on the ground. Beyond his odd insistence that everything is going great, Trumps lecturing tone struck a nerve. He actually had the gall…
by Justin Sink President Donald Trump has suggested that the government debt accumulated by bankrupt Puerto Rico would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria. “We are going to work something out. We have to look at their whole debt structure,” Trump said in a…