Gov. Mike Dunleavy told lawmakers Wednesday he had vetoed a bill that would have sharply limited payday loans in Alaska. Senate Bill 39, which passed the Legislature on a bipartisan vote of 38 to 22, looked to cap interest rates for so-called “deferred deposit advance” loans at 36%. Backers of the bill, including the Alaska
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FICO is launching two new credit scores that include Buy Now, Pay Later (BNPL) loans for the first time. The new scores use BNPL data from Equifax to help lenders better predict repayment behavior. Consumers who use BNPL services may see their repayment habits impact their credit standing starting in late 2025. If you use
NEW YORK — Hundreds of millions of ‘Buy Now, Pay Later’ loans will soon affect credit scores for millions of Americans who use the loans to buy clothing, furniture, concert tickets, and takeout. Scoring company FICO said Monday that it is rolling out a new model that factors the short-term loans into their consumer scores.
The U.S. Small Business Administration is reminding private nonprofit (PNP) organizations in the U.S. Virgin Islands that they have until July 25, 2025 to apply for low-interest federal Economic Injury Disaster Loans (EIDLs). These loans are intended to help offset financial losses caused by Tropical Storm Ernesto, which struck the territory from August 13–16, 2024.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of Hong Kong’s biggest property developers is in talks to refinance billions of dollars in bank loans following years of ambitious debt-fuelled expansion, adding to pressures in the Chinese territory’s struggling real estate market.
WEST PALM BEACH, Fla. — By now, pay later loans have helped many people stretch their budgets by paying off purchases through installments. But soon, you’ll see those loans on your credit report. WATCH BELOW: ‘If you’re not paying it well, unfortunately, you will be penalized for it,’ Thomas Nitzsche tells WPTV Buy now, pay
How to reduce student loans If you’ve got student debt to repay, you’re not alone. An estimated 42.7 million Americans are in the same boat. It’s easy to stress over student loans, but take a deep breath. You just need a plan to pay them off — ideally sooner rather than later. In addition to
The adoption of Buy Now, Pay Later (BNPL) loans by US consumers has been on the rise in the United States. In the latest Lending Tree BNPL tracker, nearly half of Americans had used one at least once, 11% six times or more. These installment loans to make purchases are especially popular among younger Americans,
A long-standing federal student loan program that has opened the door to higher education for millions of low- and middle-income families—but has also been criticized for driving families deep into debt—is at risk as Congress considers sweeping changes to higher education policy. Both House and Senate Republicans want to cap how much parents can borrow