Several south suburbs are will get millions of dollars in state loans to replace lead water service lines through the state’s new budget that starts July 1. Despite the loans, taken together, communities are indicating that the amount will barely scratch the surface, as replacing a single lead line can cost about $10,000. Communities across
A Morrison man was sentenced to nearly four years in prison after he illegally obtained two Paycheck Protection Program loans during the COVID-19 pandemic, federal officials announced Tuesday. Richard Nieto, 39, took a deal and pleaded guilty last month to wire fraud and money laundering in federal court, according to court records. The plea deal
Jun. 11—WILKES-BARRE — The firearm used in the December 2020 fatal shooting of Ashokkumar Patel was never recovered, and prosecutors conveyed to a Luzerne County jury Wednesday how they believe homicide suspect Jafet De Jesus Rodriguez managed to obtain the weapon. Angel Luis Rivera, deemed a material witness, told the jury he obtained a Glock
Republicans, however, challenged Biden’s assertion of executive authority over the loan program and won a 2023 Supreme Court ruling that vastly scaled back debt forgiveness. Now, under the Trump-backed budget bill pending before the Senate, the loan program would be simplified and its terms made less generous to borrowers. (The House already passed the bill
‘LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.’ Illustration: Dominic Xavier/Rediff With unsecured lending under pressure, banks and non-banking financial companies (NBFCs) are shifting their focus to loans against property (LAP), according to a recent report in Business Standard. Borrowers must understand the pros and
With interest rates persistently high and the government recently resuming collections of student loans in default, you might be looking for a way to repay your debt quickly. If you feel limited in how much you can currently afford to pay, picking up a side hustle may be worth considering. However, this means having to
New grads face rising student loan debt. Experts share tips on repayment, forgiveness plans and … More building savings while staying financially afloat. Getty Just graduated and wondering if you should throw your whole paycheck at student loans? You’re not alone. “I used to think being debt-free was the only goal,” says Laurel Taylor, founder
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Citigroup is poised to increase provisions for potential bad loans by hundreds of millions of dollars for the second quarter, in a sign of growing financial stress among US consumers and businesses. “Given
Many wealth management firms claim to prioritize aggressive advisor recruitment. But which ones actually put serious money behind it? Although an imperfect gauge, recruiting loan balances provide a rough measure of the lengths to which firms are going to build their businesses by poaching established practices from industry rivals. Year-over-year changes to the loan tallies,
A growing chorus of consumer advocates and environmentalists are urging the Department of Energy to lock in billions of dollars in loan guarantees for utilities, arguing that the loans will help cut utility bills for everyday Americans as prices spike nationwide. The $23 billion in loans rolled out in the waning days of the Biden