relief
The on-ramp period for student-loan borrowers ended October 1.It means that servicers will start reporting missed payments to credit agencies.The Fresh Start program, set to return defaulted borrowers to good standing, ends October 2. A program that protected student-loan borrowers from the consequences of missed payments has come to an…
Investing.xom — After weeks of volatility, prices have bounced back by over $5 per barrel from recent lows, though they remain down $8 per barrel from levels a month ago. The key question now is whether this rally will extend or fade. Analysts at J.P. Morgan are cautiously optimistic, pointing…
By Duncan Miriri and Laurie Chen NAIROBI/BEIJING (Reuters) – China stopped short of providing the debt relief sought by many African countries this week, but pledged 360 billion yuan ($50.7 billion) over three years in credit lines and investments. The Forum for China-Africa Cooperation (FOCAC) launched in 2000 took on…
By Nate Raymond (Reuters) -Seven Republican-led states filed a lawsuit on Tuesday to challenge President Joe Biden’s administration’s latest student debt forgiveness plan, saying the U.S. Department of Education was taking steps to start canceling loans as soon as this week. The lawsuit came less than a week after the…
By Amanda Cooper and Vidya Ranganathan LONDON/SINGAPORE (Reuters) -Global stocks retreated on Tuesday, surrendering earlier gains, as the uncertainty generated by the previous day’s aggressive selloff weighed on investor sentiment, even though central bank officials said all the right things to soothe nerves. The ‘s 10% rebound in Tokyo overnight…
A major student-loan company just got hit with a lawsuit over claims it harmed the millions of borrowers it services.On Monday, the American Federal of Teachers filed a lawsuit against servicer MOHELA, accusing it of illegally overcharging borrowers on their monthly payments, failing to process paperwork in a timely manner,…
On Thursday, President Joe Biden’s Education Department announced that it approved $1.2 billion in student-loan forgiveness for 35,000 public service workers.The relief is a result of ongoing fixes to the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.…
Investing.com– Bitcoin price fell on Friday, reversing a recent rebound as traders remained largely on edge over selling pressure from distributions by defunct exchange Mt Gox, as well as capitulation pressure on major miners. The token and the broader crypto market took little support from a drop in the dollar,…
By Wayne Cole SYDNEY (Reuters) -Asian share markets rallied on Monday, as investors looked forward to an interest rate cut in Europe and quite possibly Canada as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair. There was also better…
A look at the day ahead in U.S. and global markets from Mike DolanThe strength of the U.S. labor market will give Wall Street’s interest rate relief a reality check on Friday, but Apple’s monster share buyback has buoyed the market in advance.The world’s second biggest company by market capitalisation…
