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The U.S. Department of Education is pausing its plan to garnish people’s Social Security benefits if they’ve defaulted on their student loans, a spokesperson for the agency tells CNBC. The U.S. Department of Education is pausing its plan to garnish people’s Social Security benefits if they have defaulted on their student loans, a spokesperson for
Small business loans can be instrumental in helping businesses reach new heights. Getting approved for them, however, can sometimes be challenging for borrowers with lower personal credit scores (think scores below 670). Small Business Administration (SBA) microloans are ideal for those with bad credit as they often have less strict eligibility requirements than other government-backed
Fintechs believe the provisioning variance is due to the differentiated interpretation of Ind-AS accounting standards, which allow for a ‘risk mitigant’ like Default Loss Guarantee to be considered while calculating the expected credit loss (ECL) provisions. Unified Fintech Forum and self-regulatory organisation Fintech Association for Consumer Empowerment (FACE), in their representiations to the Reserve Bank
New RBI gold loan guidelines: After the Reserve Bank of India (RBI) released draft guidelines for gold loans last month, the Finance Ministry has suggested that loans below Rs 2 lakh be exempt from the tighter rules, and the norms come into effect only from January 1, 2026, to ensure proper implementation. To address urgent
Editor’s Note: APRs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. Select will update as changes are made public. Personal loans are the fastest-growing debt category in the last decade. That’s due in part to the rise of fintech and
Student loan debt is a major crisis in the United States that, unfortunately, doesn’t appear to be going away anytime soon. While repayment options are available, they’re still incredibly unaffordable for many people, leaving them unable to pay or desperately searching for alternative options. Mirjana Pusicic / Getty Images Recently, a TikTok user by the
Student loan debt is a major crisis in the United States that, unfortunately, doesn’t appear to be going away anytime soon. While repayment options are available, they’re still incredibly unaffordable for many people, leaving them unable to pay or desperately searching for alternative options. Mirjana Pusicic / Getty Images Recently, a TikTok user by the
7 options if you can’t pay your student loans After a lengthy pandemic-related pause, the U.S. Department of Education resumed collection efforts on student loans in default in May. This has placed renewed pressure on borrowers who are behind on payments or whose loans are in default. As of late April, 38% of student loan
The Department of Energy (DOE) canceled $3.7 billion in Biden-era loans on Friday — most of which were rushed out the door weeks before President Donald Trump took office. Sixteen out of the 24 projects were granted by the Biden administration between the November 2024 election and Trump’s January 20 inauguration, according to the list