Comment on this story Comment It is becoming something of a post-pandemic mantra in India: A lender whose portfolio of unsecured retail loans is not increasing by 50% annually is simply not trying hard enough. All kinds of bank and nonbank lenders are heaping credit on household balance sheets even though the consumer economy is fragile: A tiny […]
COLUMBIA, S.C. — South Carolina lawmakers are looking to limit sky-high interest rates on short-term loans, also known as payday loans. In 2021, 45,000 South Carolinians took out more than 300,000 payday loans, according to the state Board of Financial institutions. Small-dollar, short-term lenders can charge borrowers in South Carolina rates of up to 395%. […]
XArtProduction/Shutterstock Whether you’re planning for a large purchase or paying for an emergency home repair, a personal loan is a helpful tool. Because funds from personal loans can be used for nearly any purpose, you might even be considering using one for investing. Taking out a personal loan to use for investments might seem like […]
We may earn a commission if you make a purchase through one of our links. The newsroom and editorial staff were not involved in the creation of this content. Applying for a same day payday loan can be a great way to get access to the funds you need quickly. These payday loans are designed […]
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Rates on refinanced student loans dropped last week. Despite the rise, if you’re interested in refinancing your student loans, you can still get a relatively low rate. From March 20 to March 25, the […]
Washington(CNN) President Joe Biden’s student loan forgiveness program may face a new threat from Senate Republicans even before the US Supreme Court rules on whether it can be implemented. Republican Sens. Bill Cassidy of Louisiana, Joni Ernst of Iowa and John Cornyn of Texas are planning to introduce a resolution to overturn Biden’s debt relief […]
MUMBAI, March 27 (Reuters) – India has asked state-run lenders to adopt stricter monitoring of top corporate loan accounts and submit a plan to deal with business risks in key areas within two weeks, three banking sources said on Monday. Indian banks, in the past, have had to take deep haircuts on their exposure to […]
For nurses, teachers and those in mental health or social services, there’s a proposal to help them with their crushing college loan debt. Under House Bill 6901 people in those fields could have their student loan payments reimbursed for up to $20,000 over four years. “We’re trying to increase economic participation in terms of people […]
MUMBAI: A year ago, lenders were wooing homebuyers with a decadal low-interest rate of 6. 5%. But in the last 10 months, home loan borrowers have seen a sharp 250-basis-point (100bps = 1 percentage point) increase in interest rates. Those who borrowed at 6. 5% in April 2022 are now billed 9%, resulting in their […]
Small U.S. lenders that have outsized exposure to office loans could become the next group to face strains after bank failures roiled financial markets this month, according to analysts. Rising interest rates, a slowdown in the commercial real estate (CRE) market and the proliferation of remote work pose challenges for smaller firms that made risky […]
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