The move to fine-tune the total debt servicing ratio (TDSR) is clearly not a relaxation of cooling measures but is best seen as a step to avert hardship during an economic slowdown. The amended refinancing framework announced by the Monetary Authority of Singapore (MAS) on Thursday will protect both banks and home owners, experts note.…
by Cristiane Lucchesi, Fabiola Moura and R.T. Watson Samarco bondholders hired US law firm Hogan Lovells for help with debt-restructuring talks as the stalled Brazilian iron-ore miner runs out of money, according to people with knowledge of the matter. With a coupon payment looming, Hogan Lovells is seeking a Brazilian law firm to work with it…
Massachusetts Attorney General Maura Healey. (Image courtesy of the Attorney Generals office.) As part of her ongoing effort to address abuses in the student lending industry, Attorney General Maura Healey has announced action against a so-called debt relief company that allegedly charged hundreds of Massachusetts borrowers unlawful upfront fees and misled consumers about its affiliation…
The Massachusetts Attorney General has settled with a California student loan debt relief company that allegedly misled borrowers and charged them illegal upfront fees. Libre Technology Inc., a San Diego company, will refund $160,000 to more than 400 Massachusetts borrowers who were seeking help consolidating their federal student loans or applying for new repayment options.…
By Abhinav Ramnarayan | LONDON LONDON A European Commission ruling that Apple Inc should pay Ireland up to 13 billion euros of back-dated taxes could help the country cut its debt significantly but may undermine its government, Standard & Poor’s told Reuters on Wednesday. The European Union’s executive arm ordered Apple to pay the bill…
HACKENSACK, N.J., Sept. 1, 2016 /PRNewswire/ — In a newly published guide, Allstate Debt Consolidation shows consumers how a balance transfer card with 0% interest rates for a fixed period of time can help them get some breathing room in their battle to lower costs. Photo – http://photos.prnewswire.com/prnh/20160831/403198 … Read the full article at: http://www.prnewswire.com/news-releases/allstate-debt-consolidation-shares-how-balance-transfer-cards-with-zero-interest-help-consumers-300321314.html
A newsagent worker stole £850 worth of scratch cards to help pay off a mounting debt, a court was told. Jessica Mitchell, 24, worked at Select and Save on Shireoaks Row, Shireoaks, when she was caught stealing the lucrative gambling cards. Mansfield Magistrates Court heard how the management at the shop became suspicious when the…
One in three people has been forced to borrow money from family or friends to help them with essential bills or debt repayments. The main reason people needed financial help was for food, followed by assistance with a car repair bill or utility bill, according to research from Equifax. Loans were also taken to help…
HACKENSACK, N.J., Sept. 1, 2016 /PRNewswire/ — In a newly published guide, Allstate Debt Consolidation shows consumers how a balance transfer card with 0% interest rates for a fixed period of time can help them get some breathing room in their battle to lower costs. Photo – http://photos.prnewswire.com/prnh/20160831/403198 In the guide, consumers will learn about…
Image: Yle On Wednesday evening the Helsinki City Council will make long-term plans – and very expensive decisions amounting to some 370 million euros – about the future of public transport in the city, Hufvudstadsbladet writes. While the heavily-publicised, “driverless bus system of the future” continues testing, city officials are also expected to invest heavily…