Thursday, November 26, 2020
News about the national interest rate of 36 per cent limit for a mortgage, car loans, payday loans and other consumer credit transactions are now being revived by Senator Dick Durbin. Durbin is reintroducing a bill called ‘Protecting Consumers From...
Last Tuesday, January 28, 2020, the Department of Finance (DOF) of the Philippines announced the South Korean government’s support which is a $50 million loan geared towards the infrastructure projects of the country. The documents exchange and signing were...
The European Investment Bank (EIB) announced last Thursday, November 14, 2019, its decision to stop funding and lending to fossil fuel projects by the end of 2021. EIB’s verdict came out after the institution held another meeting months after...
Individuals who are looking to make home improvements, pay their debt, or funding a one-time big-ticket item can get a personal loan with Citibank. The big financial mogul is now offering a fixed rate personal loan of up to...
The National Privacy Commission (NPC) recently shut down an additional 26 online lending businesses. These online lending entities reportedly used collection tactics that publicly shamed and humiliated borrowers. Other charges against these lending companies include breach of privacy. Following numerous...
The Bank of America has teamed up with the Tory Burch Foundation, adding in an addition $50 million in pledges. The total amount offered by the joint partnership has now amounted to $100 million, double the amount from what...
The Star reports that Wall Street Banks are directing their funds towards start-up technology companies in China with values pegged over $1 billion. These banks are lending billions to Chinese tech unicorns after their billion-dollar loans to start-ups in...
Bank lending from Mexican financial institutions sank in light of the decrease in the country’s gross domestic product (GDP) growth, says BNamericas. The drop in GDP growth is also expected to result in an increase in nonperforming loans (NPL),...
Last Monday, August 12, 2019, HSBC announced the launch of its new mobile lending platform. The new end-to-end encrypted platform technology was announced on behalf of Amount, the company’s new partner. The addition of this platform enables the financial...
Japan’s Government Pension Investment Fund (GPIF) announced its decision to stop lending to short sellers in the industry last Tuesday, December 3, 2019. Under the new ruling, the largest pension fund in the world will halt its $390 billion...

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