Following requests from the Securities and Exchange Commission, the Central Bank of the Philippines is now mulling over the possibility of providing an interest cap for lending and financing institutions within the country.
Last Monday, October 28, 2019, Chairman Emilio...
Many student-loan borrowers have fled the U.S. to keep from paying their loans.
Those who remain in the country are struggling to repay their debt. According to Bloomberg, student loans have the highest 90-day delinquency rate of all types of...
Six years ago, the United States had a massive financial meltdown that led to $16.394 debt ceiling. The problems can be rooted in the overproduction of the real estate market, unmanaged federal spending and overdeveloped financial sector. Six years...
The executive committee of the Montreal municipal government has recently favored two loans amounting to $106.5 million. Montreal Gazette reported that the fund will be funneled toward the development and protection of green spaces around the city.
Executive committee member...
Lending institutions that lent to Dewan Housing Finance Corp. (DHFL) crafted a three-level resolution plan to enable the company is paying its debt. The Economic Times reports that the banks agreed to the plan which includes converting debt to...
America’s big banks recorded a higher earning in the second quarter of the year due to consumer lending boost.
Several banks that focus on consumer operations, particularly lending, hit the sweet spot and are reaping the benefits. Wells Fargo drove...
As the global pandemic hits the UK economy, the government has been borrowing money to bolster the public sector workers’ pay and other spending initiatives.
The Independent Office for Budget Responsibility states that estimated borrowing could reach $372.2 billion by...
The European Investment Bank (EIB) recently announced that it is planning to stop funding new projects that rely on fossil fuels by the end of 2020.
The EU's lending arm said that it is on its way to phasing out...
Australians looking to get housing loans can now apply for a more substantial mortgage with the relaxation of the Australian Prudential Regulation Authority (APRA) rules, ABC News reports. The new regulations decreased the mortgage rate, placing it at the...
Besides credit scores, lenders are now utilizing other unconventional criteria for issuing loans—magazine subscriptions and phone bills.
Companies like Goldman Sachs and Ally Financial are said to be experimenting with new metrics to approve loan applications. Considering the fact that...
