Some student loan borrowers having trouble repaying their loans are getting desperate, causing them to look for help in the wrong places. Federal regulators announced another crackdown this week on firms that charge illegal up-front fees, and ongoing monthly fees, selling debt relief services to these borrowers that are generally available for free. Three cases announced…
In a perfect world, youd have a robust rainy day fund for lifes curveballs. But many people live paycheck to paycheck and arent prepared for surprise expenses. A 2012 study from the Financial Industry Regulatory Authority found that 40% of Americans would have a hard time pulling together $2,000 within 30 days to handle an…
Indian models pose with the flexible YOGA range of Lenovo laptops during their launch in Bangalore last year.AFP Technology giant reports its first loss in six years China’s technology giant Lenovo Group reported its first loss in six years which it blamed on the cost of previous acquisitions and restructuring, as well as the declining…
Baubak Azar graduated from the Creighton University School of Medicine in 2011. He’s now a family physician in Woodbury. He loves his job, but each month there’s a stark reminder of the cost of his education. “Right now I’m paying about $3,600 a month for my loans,” he said. More: Education Azar said his payments…
Florida Attorney General Pam Bondi said, “The Federal Trade Commission has been a steadfast partner in our consumer protection enforcement efforts. These latest joint actions will help protect Floridians, as well as many across the country, from these companies’ unscrupulous debt relief operations and ensure that those responsible will be held accountable.” Consumer Assistance Project…
WASHINGTON — Legislation giving Puerto Rico the ability to restructure its $70 billion in debt overcame a major hurdle on Thursday, passing out of committee in the House. The House Natural Resources Committee approved the bill, which would establish an oversight board to help the commonwealth restructure its un-payable debt and craft an economic recovery…
Updated May 25, 2016 5:02 p.m. ET WASHINGTONA senior International Monetary Fund official Wednesday said it cant help Europe with fresh emergency financing for Greece because Athenss creditors havent yet committed to detailed debt relief. The comments show that the agreement touted by European finance ministers last night to release fresh bailout cash for Greece…
Euro zone governments on Wednesday offered Greece debt relief in 2018, but left key details for later in a bid to bridge Germany’s view that no immediate action was needed and the International Monetary Fund’s call for decisions now. The late-night compromise spared the battered European Union the risk of another Greek crisis this year,…
D.C. Attorney General Karl Racine, center, filed a lawsuit against a Florida-based student debt relief company. (Astrid Riecken/For The Washington Post) District Attorney General Karl A. 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…
At a meeting of euro-area finance ministers in Brussels on Wednesday that lasted late into the night, officials struck a preliminary deal with Greece to ease the countrys debt burden, paving the way for a 10.3 billion-euro ($11.5 billion) aid payout. While finance ministers called it a breakthrough deal, Greece is still on shaky terms,…