Saturday, January 18, 2020
The New York Attorney General filed a suit last Oct. 7, against a loan servicer for ‘mismanagement’ of student loan forgiveness. Attorney General Letitia James claimed that the Pennsylvania Higher Education Assistance Agency (PHEAA) had failed miserably to administer the...
In light with the increasing student loan amount in the United States, two Utah congressmen are supporting the new house bill that would increase the transparency of student lending programs. Rep. Ben McAdams and Re. Chris Stewart expressed their support...
The fintech industry has been creating new and innovative developments in the crypto and lending sectors. Just recently, blockchain company Tron Foundation revealed that it has been working with Cred to incorporate money lending and borrowing in its services,...
Commercial lending technology provider Blooma raises $2.75M funding led by Silicon Valley tech investors like Floodgate, Abstract Ventures, Serra Ventures, and Crescent Ridge Partners. The company serves financial institutions with tools that can move around money in the digital world....
The average rates for UK home loans are at an all-time low in light of the mortgage price war this holiday season, reported the Daily Mail. The rates can be fixed as low as 2.39% for two years, 1.44%...
A General Electric unit specializing in issuing subprime mortgages recently announced it has filed for bankruptcy. WMC Mortgage, a subprime lender that GE Capital had acquired after shutting down operations in 2007, filed a Chapter 11 bankruptcy days after the...
Earnings of pawnshops and payday lenders soared since the U.S. government shutdown started in December 2018. The shutdown, the longest in American history has denied the salary of hundreds of thousands of government employees and contractors. To make their ends...
Finance of America Holdings LLC, a renowned national lending firm, recently partnered up with FarmOp Capital to acquire shares in the field. The strategic partnership comes after addressing the agricultural sector’s need for more lending facilities to the farming...
The number of people getting mortgages in Singapore is drastically falling. According to Bloomberg, house loans in the country reduced from a 4.2% growth in 2017 to a mere 1.9% in 2018. This is a huge contrast from 1998’s...
HSBC, one of the leading global lenders, offers a loan providing borrowers personal line of credit of up to $25,000. While the banking giant might not have a personal loan product, it is providing an unsecured line of credit...

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