OAKLAND — A former African Methodist Episcopal Zion Church bishop pleaded guilty Tuesday to wire fraud, mail fraud and conspiracy to commit wire and mail fraud for transferring church property deeds to an entity he created then using them to obtain loans, prosecutors said. Staccato Powell, a 65-year-old resident of Wake Forest, North Carolina, agreed
The U.S. Capitol Building in Washington, D.C. The One Big Beautiful Bill Act (OBBBA), sweeping federal spending legislation signed by President Donald Trump on July 4, promises to reshape higher education financing across the country. The new law raises federal taxes on university endowments, though the changes are unlikely to alter UChicago’s current 1.4 percent
US Senator Ed Markey this week sent a letter to the US Small Business Administration’s top executive, accusing the agency of playing politics and hampering immigrant access to its loans. Markey, the ranking member of the Senate committee on small business, sent the letter to Administrator Kelly Loeffler; it was cosigned by his counterpart in
“The SBA is committed to ending the era of weaponized government that has systematically discriminated against Americans of faith – even denying them access to vital disaster relief in times of tragedy,” SBA Administrator Kelly Loeffler said in a statement shared with the Washington Examiner. “We are thrilled to announce our first-ever Center for Faith at
If your goal is to keep your student loan debt in check, it’s important to choose the right loan options this fall. Getty Images As the new academic year approaches, students and families across the country are scrambling to finalize their college funding plans. Tuition, housing, books and fees can add up quickly, though, so
Castlelake and Pagaya grow partnership, with new deal reaching up to double the size of the prior agreement Pagaya continues to build on funding momentum, with up to ~$5 billion of expected capacity across its forward flow partnerships NEW YORK, July 14, 2025–(BUSINESS WIRE)–Pagaya Technologies LTD. (NASDAQ: PGY) (“Pagaya” or “the Company”), a global technology
The picture shows a view of the People’s Bank of China. (Xinhua photo) China’s central bank said on Monday new loans in the first half of 2025 were mainly directed toward manufacturing and infrastructure, underscoring continued financial support for the real economy. Speaking at a press conference held by the State Council Information Office, Yan
How will Trump’s new spending bill affect student loans? President Donald Trump’s newly passed spending bill is set to overhaul the federal student loan system. unbranded – Newsworthy Local colleges are waiting to see what the impending elimination of a federal student loan program that helps cover the cost of attending graduate and professional schools
HDFC Bank has wrapped up its first full year after merging with HDFC Ltd, with the integration phase now behind it. The bank reported that its deposits grew 2.5 times faster than its loans in FY25, helping bring down the credit-to-deposit ratio to 96% from around 110% at the time of the merger. Sashidhar Jagdishan,
HT Syndication Advertisement Pune (Maharashtra) [India], July 14: Supporting the growth ambitions of Indian entrepreneurs, Bajaj Markets offers access to business loans of up to ₹80 Lakhs through its extensive network of trusted financial partners. These loans come with competitive interest rates starting at 14% per annum and repayment tenures extending up to 8 years,