Credit card firms told to do more to help millions in debt 3 April 2017 From the section Business Image copyright Thinkstock Credit cards firms must do more to help millions of customers in persistent debt, the financial regulator has said. The Financial Conduct Authority (FCA) has published proposals that could mean credit card companies…
Image copyright Thinkstock Credit cards firms must do more to help millions of customers in persistent debt, the financial regulator has said. The Financial Conduct Authority (FCA) has published proposals that could mean credit card companies cancelling any interest or charges in extreme cases. Firms would have to work more closely with people in debt,…
Caffeine and napping have something in common. Both make you feel alert and can enhance your performance, whether that’s driving, working or studying. But some people are convinced that drinking a coffee before a nap gives you an extra zap of energy when you wake up. How could that be? Is there any…
Caffeine and napping have something in common. Both make you feel alert and can enhance your performance, whether thats driving, working or studying. But some people are convinced that drinking a coffee before a nap gives you an extra zap of energy when you wake up. How could that be? Is there any evidence to…
Struggling small and medium-sized enterprises (SMEs) would benefit from an umbrella organisation to coordinate the restructuring of debt, according to registered charity Credit Counselling Singapore president Kuo How Nam. The proposed organisation would work with all the creditors involved to assess the financial situation of the SME and develop a reasonable and practical restructuring plan.…
SMART City’s Diploma of Counselling was supposed to be Amy Waghorne’s ticket to a better life. The 29-year-old Toowoomba resident made personal sacrifices to try to complete the vocational course over 14 months, driving 450km a week to study while also caring for two relatives. Now Ms Waghorne and dozens of other students have been…
New South Wales community legal services are banding together to cope with the sheer number of Centrelink debt cases, as the states welfare rights body adds its voice to calls for the robo debt system to be scrapped. Vulnerable people who believe they have been wrongly targeted by the federal governments campaign to claw back…
WASHINGTON (NEWSPLEX) — U.S. Senator Mark Warner has introduced two pieces of legislation to provide relief to young people struggling with student loan debt. One bill would allow employers to make payments toward employees’ debt using pre-tax income. The second would make income-based repayment the default option for borrowers of federal student loans. “As the…
Counsel for Donna Magee asked that she be given a week before starting her sentence in order to make arrangements for her 14-year-old child. This was refused by Judge Martin Nolan, who said it was too serious an offence. Magee, with an address in Holyfields, Dungannon, Co Tyrone, pleaded guilty at Dublin Circuit Criminal Court…
Today, the Fiscal Control Board for Puerto Rico meets in San Juan. The board was established by bipartisan legislation last year, to help deal with the debt crisis on the island. Four of its seven members were appointed by the GOP leadership in Congress and three were appointed by the Democrats. The board has worked…