A 2023 Colorado law is part of a long-running push in Democratic-led states to stamp out attempts by high-cost nonbank lenders to get around state interest rate caps by partnering with banks.Adobe Stock The Federal Deposit Insurance Corp. is siding with the state of Colorado in its fight with industry groups over a Centennial State
CURO Group lost nearly $267 million last year and $185.5 million in 2022, a sharp reversal from previous years when annual profits topped $50 million.Adobe Stock The high-cost lender CURO Group Holdings, whose loans to subprime consumers have drawn regulatory scrutiny, got a lifeline from its own creditors this week after missing an interest payment.
When SoFi Technologies reports earnings Monday morning, investors will be watching closely to see if the company succeeds in posting its first quarterly profit. The fintech’s management has previously said it expects to report its first profit—according to generally accepted accounting principles—for the 2023 fourth quarter. That said, analysts are a bit less optimistic, expecting
Quick facts about bad-credit car financing: Even borrowers with numbers in the lowest credit score categories may find auto loan financing. You should dispute errors on your credit report when you find inaccurate information that lowers your credit score. Increasing your down payment on the car helps convince potential lenders that you are serious about your finances. Financing a car with
JPMorgan Chase, U.S. Bancorp and Wells Fargo have all exited private student lending, and Discover Financial Services is set to join them on the sidelines.Michelle Gustafson/Bloomberg The private equity firm Carlyle is stepping into the private student loan market as banks continue their retreat from the sector. Carlyle said Wednesday that it’s buying a $415
Published: Jan. 16, 2024 at 5:30 a.m. ET Bajaj Finance Ltd. 500034 shares inched down 0.05% to 7,472.70 Indian rupees Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P BSE Sensex Index 1 falling 0.27% to 73,128.77. Bajaj Finance Ltd. closed 717.30 rupees below its 52-week
My dad wants to take out a mortgage and has tried, unsuccessfully, to have Sallie Mae release him as cosigner on my $153,000 student loan. What can we do?
I thought it was a federal loan because I believe they did both types of loans. I started paying back the $153,000 interest-only loan in September 2022, while my dad paid towards the principal and the balance increased. They removed the interest-only repayments after several calls were made regarding the balance not being reduced. My