Alanis Morissette could have been talking to regulators and lenders in her 1995 hit “You Learn” which highlighted the benefits of experience. Instead of “you live…you learn,” for bankers it is “you lend……you learn.” In the early 1990s a drawn-out real estate recession and recovery was the result of banks and regulators being heavy-handed when
The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer Financial Protection Bureau (CFPB), which found numerous failures in student and auto loan servicing, deceptive and abusive debt collection practices, and complaints centered on credit cards offered by dental and medical
The U.S. Small Business Administration has set up a Business Recovery Center at the Domi Station. Businesses and neighbors can visit and get free help in applying for tornado disaster relief loans. Watch the video to learn more about the loans and eligibility. BROADCAST TRANSCRIPT: It’s been almost two months since tornadoes hit our neighborhoods,
Photo: Justin Sullivan (Getty Images) It could soon be easier to borrow against your home after U.S. regulators approved a Freddie Mac pilot program for purchasing second mortgages. The Fed needs to start cutting rates now, strategist says The plan, announced Friday, is meant to help homeowners who secured low-interest mortgages and want to access
Starting July 1, the Education Department will limit enrollment in three income-driven repayment (IDR) plans, which cap monthly student loan payments at a certain portion of income and can eventually forgive remaining debt. The most significant change: The Pay as You Earn (PAYE) plan will close all new enrollment starting July 1. If you’re already
BORGO EGNAZIA, Italy (Reuters) – European Union states won’t be directly involved for now in a $50 billion loan that Group of Seven nations plan to raise for Ukraine based on income from frozen Russian assets, Italian Prime Minister Giorgia Meloni said on Saturday. The Group of Seven rich democracies agreed during their annual summit
