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...
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...
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...
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...
