ALMOST daily Nigerians have recently received text messages like the following: “Your friend Mr. Donald Drum is a dubious person, a thief and a fraudster who has been swindling people for weeks now. This person got a loan from our…
A banking structure once sued by corporate giants like Walmart is set to return thanks to new rules that could lure tech companies like Amazon or Facebook looking to gain a foothold in finance.The Federal Deposit Insurance Corporation has approved…
NEW YORK, November 5, 2021 / PRNewswire / - BizVibe has made available over 1,000 business profiles for the loan services category on its B2B platform. The companies listed in this category are mainly engaged in providing various types of…
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CHICAGO, Ill. (KFVS) - Illinois Attorney General Kwame Raoul announced that the state has reached an agreement with three online payday loan companies.The settlement with MoneyMutual LLC, PartnerWeekly LLC and Selling Source LLC resolves allegations by the Attorney General's Office…
The Department of Education renewed the contracts of 7 student loan companies for $ 2 billion. Navient was one of those companies, but she asked to transfer her federal loan portfolio to another company. Millions of federal borrowers still don't…
The Department of Education has announced that it is extending the contracts of six student loan companies until 2023. Companies have agreed to higher standards to protect borrowers and ensure a smooth transition to repayment in 2022. FSA director Richard…
Calcutta: Crisil Ratings said on Tuesday that the assets under management (AUM) of non-bank financial companies (NBFCs) which mainly offer loans against gold are expected to increase 18-20% to 1.3 lakh crore this fiscal year despite a contraction in the…
College graduate sitting outside. Sean de Burca / Getty ImagesTwo student loan companies that serve a total of 10 million borrowers are closing their doors this year.Federal director of student aid Richard Cordray said companies didn't want more accountability.It plans…
Two student loan companies that serve a total of 10 million borrowers are closing their doors this year. Federal director of student aid Richard Cordray said companies didn't want more accountability. It plans to keep businesses at higher standards to…
Two student loan companies shut down in December, affecting 10 million borrowers. Seth Frotman, ex. director of the Student Borrower Protection Center, said this offered a chance for reform. Student loan companies have been scrutinized for decades on charges of…