Monday, October 11, 2021
The International Monetary Fund said Australia should use lending restrictions to cool a sweltering property market, while also lowering its growth projection for 2021 by 1% owing to a new coronavirus pandemic. The IMF staff noted in the closing statement...
ME Bank, a subsidiary of Bank of Queensland, faces a total of 62 criminal charges concerning home loan clients’ annual interest rates and minimum repayments, according to the Australian Securities and Investments Commission (ASIC). In May, the ASIC filed the...
Regulators have a plan to reform the Community Reinvestment Act (CRA), a civil rights law in the United States designed to combat racial discrimination in lending. The CRA, which was formed in 1977, aims to reduce injustices by encouraging banks...
The Education Department revealed that approximately 11,000 people are still waiting on their respective student loan refunds. The news comes around five months after the federal government released a moratorium on collecting defaulted student loans since March 2020, states...
The Scottish Illegal Money Lending Unit (SIMLU) has set up a new tailored advice website to assist Scottish people having a hard time dealing with loan sharks. The SIMLU has also extended its community-based organizations' network that supports residents in...
Globant, an IT and software development service provider, recently revealed the opening of their Digital Lending Studio, which will assist lenders in reinventing the client lending experience. By implementing digitization in the process of lending, the studio will also help...
After announcing a rise in residential and commercial lending in the third quarter as COVID-19 limitations loosened, British bank Virgin Money upped its profitability projection on July 27, 2021. The business also waived 19 million pounds allotted for probable credit...
The Pandemic Response Accountability Committee (PRAC) reported that the government of the United States has forgiven a total of $394.6 billion of loans through the Paycheck Protection Program (PPP) loans, said NBC News. The data was released on Wednesday,...
On Thursday, Taiwan's Cabinet said that the government decided to give another T$150 billion in loans. This move is part of a plan to urge businesses to continue making investments domestically. After seeing corporations rush to return to Taiwan amid...
On Sunday, June 27, 2021, HSBC stated that they are pledging $5 billion in financing to "outstanding" firms in the United Arab Emirates to assist fuel the Gulf country's growth goals. The UAE's economy struggled in 2020 when important industries...

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