With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.  

By Sydney Price ( December 4, 2024, 8:31 PM EST) — The Consumer Financial Protection Bureau informed a California federal court that a purported debt relief services company and its owner have agreed to cease operations and pay civil penalties for allegedly charging customers illegal upfront fees….

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With Donald Trump’s re-election campaign achieving victory on Nov. 6, questions for the outgoing administration come up. Student debt relief was a major aim for Joe Biden’s campaign, being both a rallying point and controversial move. According to the Federal Student Aid Office; individuals making less than $125,000 are eligible for up to $20,000 in debt relief. This was in an effort to take the burden of college debt off of low income families. According to the Congressional Research Service, one in six US adults has student debt which greatly affects the average person’s financial stability. 

As this program is being run under the U.S. Department of Education. The Trump Administration’s plans for the…

New Delhi, Dec 5 (PTI) Crisis-hit Jaypee Group’s flagship firm Jaiprakash Associates, which is facing insolvency proceedings, has a total outstanding loan of Rs 55,525.89 crore as on November 10, 2024.

In a regulatory filing on Thursday, Jaiprakash Associates Ltd (JAL) informed the “total amount of outstanding borrowings from banks/financial institutions on a provisional basis” stood at Rs 55,525.89 crore as on November 10, 2024.

JAL has been admitted into the corporate insolvency resolution process in terms of the Insolvency and Bankruptcy Code, 2016…

• Home Drainage Protection Service Ltd aggressively cold-called pensioners, people with medical conditions and other vulnerable people offering fake drainage protection plans 

• The company’s crude sales tactics included threatening people with the police and bailiffs if they did not sign up to their service 

• The firm also made unexplained payments worth millions of pounds to dozens of other companies, filed unverifiable accounts and failed to produce accounting records when requested by the Insolvency Service 

An Essex company which aggressively cold-called vulnerable people to sell drainage and electrical protection plans which had little or no real value, has been shut down. 

Basildon-based Home…

Bhubaneswar: A 22-year-old youth reportedly took his own life on Thursday in Bhubaneswar, allegedly driven by an addiction to online gaming and the pressure of mounting debts incurred from his gaming activities.

The deceased, identified as Shasanka Sekhar Satpathy, was a resident of Tinimundia Square under the Lingaraj Police Station in the Capital City.

According to family members, Shasanka had been deeply engrossed in online gaming, spending long hours playing at home. In recent days, however, he became increasingly withdrawn and displayed signs of distress. Tragically, he was found hanging at his residence.

Despite his family’s efforts to rush him to Capital Hospital, doctors declared him brought dead.

Lingaraj Police officials, upon…

By Martin Croucher ( December 5, 2024, 12:36 PM GMT) — Company bosses and their insurers could face increased claims next year both from a predicted rise in corporate insolvencies and class actions, Allianz warned Thursday….

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