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Tag: Loans


Steve Rhodes (CC BY-NC 2.0)

Occupy Activists Try to Restore Our Faith in ‘Collective Power’ by Wiping $3.9M of Student Loan Debt

The Strike Debt movement, which has its roots in Occupy Wall Street, bought and “abolished” a portfolio that included the student loan debts of 2,700 students who had attended the privately run Everest College.

Posted on Sep 18, 2014 READ MORE



Weak Laws Offer Debtors Little Protection and Allow Collectors to Seize a Fourth of Their Wages

Critics say the 1968 federal law that allows collectors to take 25 percent of debtors’ wages, or every penny in their bank accounts, is out of date and overly harsh.

Posted on Sep 16, 2014 READ MORE


John Oliver on Why You Should Resort to ‘Anything Else’ Before Taking Out a Payday Loan

Payday loan providers have been around for 20 years or so, and in that time their growth rate has been exponential for one reason alone: The services they provide are a huge, undeniable, legal scam. Watch John Oliver and comedian Sarah Silverman explain why you need to avoid them at all costs.

Posted on Aug 12, 2014 READ MORE


Student Loan Debt

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Posted on Jun 18, 2014 READ MORE



Ninian Reid (CC BY 2.0)

Elizabeth Warren’s ‘Bank on Students’ Emergency Loan Refinancing Act to Get Obama’s Endorsement

After some initial resistance, President Obama is expected to announce his support Monday for an overhaul of the federal student loan program proposed by Sen. Elizabeth Warren.

Posted on Jun 9, 2014 READ MORE


Student Debt

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Posted on May 23, 2014 READ MORE



Shutterstock

Study: Highest-Paid University Presidents Benefit From Soaring Student Debt and Low-Wage Adjuncts

It seems there’s no coincidence that the university administrators with the fattest paychecks head schools in which students and adjuncts have the most to lose.

Posted on May 20, 2014 READ MORE


Graduation

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Posted on May 18, 2014 READ MORE


Payday Lenders

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Posted on Apr 20, 2014 READ MORE


Payday Loan Hearings

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Posted on Mar 30, 2014 READ MORE



Germany Prepares for Third Greek Financial Rescue

More austerity cuts are coming to Greece as Germany signals a plan to deliver a third rescue package for the debt-stricken country.

Posted on Feb 3, 2014 READ MORE


Payday Lenders’ Protection

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Posted on Jan 5, 2014 READ MORE


Payday Lenders

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Payday lenders are snakes that tempt and consume their victims.
Posted on Dec 20, 2013 READ MORE



Shutterstock

When Lenders Sue, Quick Cash Can Turn Into a Lifetime of Debt

High-cost lenders—the makers of payday, auto-title and installment loans—exploit laws tipped in their favor to sue tens of thousands of Americans every year. The shocking result? A $1,000 loan grows to $40,000.

Posted on Dec 13, 2013 READ MORE


Interest

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Posted on Nov 3, 2013 READ MORE



Saint Huck (CC BY-NC 2.0)

Government’s Keeping the Student-Debt Crisis Alive and Well

Just because JPMorgan Chase will no longer offer student loans doesn’t mean the student debt bubble will burst any time soon, if ever. We have none other than the U.S. government to thank for that.

Posted on Sep 7, 2013 READ MORE


Education Is the Key

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Posted on Aug 9, 2013 READ MORE



Flickr/Thomas Hawk

How Payday Lenders Bounce Back When States Crack Down

In 2008, payday lenders suffered a major defeat when the Ohio legislature banned high-cost loans. That same year, they lost again when they dumped more than $20 million into an effort to roll back the law: The public voted against it by nearly two-to-one. But five years later, hundreds of payday loan stores still operate in Ohio, charging annual rates that can approach 700 percent.

Posted on Aug 6, 2013 READ MORE


New College Loan Rates

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Posted on Jul 26, 2013 READ MORE


Interest Rate on Federal Student Loans Doubles

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Posted on Jul 18, 2013 READ MORE


College Cost Bubble

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Posted on Jul 16, 2013 READ MORE


Middle-Class Fall

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Posted on Jul 13, 2013 READ MORE


Student Loans Bite

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Posted on Jul 11, 2013 READ MORE


College Student Debt

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Posted on Jul 10, 2013 READ MORE


College Costs

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Posted on Jul 6, 2013 READ MORE


Student Loan Shark

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Posted on Jul 5, 2013 READ MORE


Student Loan Rate Doubling

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Posted on Jul 1, 2013 READ MORE



AP/Cliff Owen

Elizabeth Warren, a Great Investment

How astonishing to have a public servant who actually cares to inform the public about the inner workings of the system of crony capitalism that has wedded big government with big business.

Posted on May 14, 2013 READ MORE



Todd Ehlers (CC BY-ND 2.0)

Banks Rake In Highest Quarterly Profits Since 2007

The American banking industry enjoyed profits of $35.3 billion in the first quarter of 2012, the industry’s best performance since 2007, according to the Federal Deposit Insurance Corp. But it did so largely because banks put aside less money to cover bad loans, while keeping a lid on new lending.

Posted on May 24, 2012 READ MORE


Credit

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Posted on Oct 2, 2011 READ MORE



Flickr / jurvetson (CC-BY)

Congressional Committee Questions Solar Company Failure

A congressional investigative committee interrogated government officials Wednesday about why they supported giving a $535 million loan package to the recently failed California solar panel manufacturer Solyndra.

Posted on Sep 14, 2011 READ MORE



Flickr / Abode of Chaos

Libyan Rebels Going Broke

The opposition government in Libya is running out of money to pay workers and provide basic necessities to civilians, and is now seeking $3 billion in international loans. (more)

Posted on May 4, 2011 READ MORE



Flickr / Council of Europe

Here They Come to Save Das Day

The German Parliament has approved a series of measures allowing the country to provide up to $184 billion in loan guarantees in a package aimed at stabilizing the euro and helping support those European nations that are mired in debt.

Posted on May 21, 2010 READ MORE



AP / Andy Blenkush

Borrowing While Poor

Why should a poor borrower be held more responsible than a rich borrower for the default of another poor borrower?

Posted on Apr 20, 2010 READ MORE


FDIC Helping Banks Turn Profit

Want to see how the FDIC works with banks to help them turn a nifty profit on short sales and foreclosures? Check out this video from the folks at Think Big, Work Small in which they detail how it happens.

Posted on Feb 27, 2010 READ MORE


Bernanke
Wikimedia Commons / United States Federal Reserve

Fed to Raise Interest Rate

The Federal Reserve announced Thursday it would increase the interest rate for temporary bank loans. The New York Times reports that many on Wall Street see this as signaling an end to big bank profits. But some economists say the move was purely technical, with no real effect on how much money is made.

Posted on Feb 19, 2010 READ MORE



Flickr / AmyZZZ1

U.S. Going Nuclear

Nuclear power was a big issue back during the 2008 primaries. Then-candidate Barack Obama always said he favored nuclear power, and now he’s about to put our money where his mouth was. The president is expected to announce $8.3 billion in loan guarantees, with more on the way, to build two new reactors—the first in decades.

Posted on Feb 15, 2010 READ MORE



Flickr / respres

Homeowners Say Banks Not Following Rules for Loan Modifications

The administration set a goal of helping up to 4 million homeowners through the $75 billion mortgage modification program, but banks appear to have created unnecessary hurdles that, in some instances, violate the loan program’s rules.

Posted on Jan 14, 2010 READ MORE


Obama and banking leaders
AP / Susan Walsh

Obama to Banks: It’s Payback Time

On Monday at the White House, President Barack Obama reminded a group of big banking honchos (or “fat cats,” as he called them Sunday) about last year’s bailout and advised them to get busy helping the taxpayers who helped with their recovery. Well, good luck with that one.

Posted on Dec 14, 2009 READ MORE


General Chrysler
truckend.com

More Aid, Please

General Motors, recipient of the 2009 “Nation’s Most Resistant-to-Change Company That Still Gets Federal Assistance” award, wants more. The auto giant on Wednesday asked for $16.6 billion in loans, on top of the $13.4 billion already granted. All this amid GM plans to shed 47,000 jobs worldwide.

Posted on Feb 18, 2009 READ MORE


Bad Loans and the Bankers Who Love Them

The FDIC’s list of “problem” banks grew by 30 percent in the last quarter, with more on the way. The net income of FDIC-insured lenders, meanwhile, has plummeted 87 percent. IndyMac, one of nine banks to kick the bucket in 2008, cost the FDIC $8.9 billion.

Posted on Aug 26, 2008 READ MORE



Flickr / zoliblog

10 Troubled Banks

While depositors at IndyMac banks in California do battle for a chance to get their cash out, financial analysts have been crunching the numbers to identify other troubled lenders. ABC News snuck a peek to come up with this handy guide to banks with an unfortunate “Texas ratio.”

Posted on Jul 16, 2008 READ MORE


11 Million Reasons to Stay in the Race

Hillary Clinton is under immense pressure to exit the campaign, but thanks in part to one of her rivals, she would be saying goodbye to more than the presidency. Because of the McCain-Feingold campaign finance law, Clinton has until the convention in August to recoup her loans. After that, she could be out more than $11 million.

Posted on May 8, 2008 READ MORE


Citigroup sign
marketplace.publicradio.org

When Losing $10 Billion Is a Relief

You know the economy is in trouble when investors and analysts are relieved that Citigroup lost only $9.83 billion in the last quarter of 2007. The banking giant managed to squeeze a few billion out of Abu Dhabi and Singapore, and will still pay a dividend on its stock, so for now the mood is upbeat.

Posted on Jan 15, 2008 READ MORE


Home Foreclosures on the Rise

As interest rates continue to spiral out of control for many high-risk borrowers, the number of home foreclosures around the country is steadily going up. There isn’t much good news for the opportunistic lenders either—more than 20 mortgage companies have already gone bankrupt.

Posted on Mar 5, 2007 READ MORE


Powell - Fiscal Folly

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Posted on Mar 20, 2006 READ MORE


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