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Deep-Subprime and Subprime Auto Loans Miraculously Cleaned Up by Credit Score Inflation

Credit score inflation throws a wrench into the calculation of credit risk. By Wolf Richter for WOLF STREET. A miracle of American consumerism has happened during the pandemic, the era of mortgage forbearance, student loan forbearance and rent moratoriums, and free money sent to consumers via stimulus checks and PPP loans: credit rating inflation. Of […]

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Rushing: Why I Needed Student Loans to Go to School

Ty Rushing and his late mother at his eighth grade graduation ceremony. According to your top sources, I’m either an ‘elitist’ or one of 429,000 Iowans struggling with a collective debt of $13.3 billion in student loans that will see some of it forgiven. by an executive order of President Joe Biden. Biden announced Wednesday […]

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GOP Rep. Rodney Davis Facing Trump and the Jan. 6 Committee

Comment this story Comment Hello, Early Birds! Early 202 is closed next week for our annual end of summer break. Try not to miss us too much. 😉 We will be back on September 6th. Tips: [email protected] You know the chorus. Read this online? Sign up for The Early 202 to get cutting-edge political scoops […]

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National Archives letter Mar-a-Lago, Breonna Taylor, student loans. This is Tuesday’s news.

A letter from the National Archives to Trump’s lawyers in May details the urgency of finding Mar-a-Lago. A former cop pleads guilty to lying on Breonna Taylor’s search warrant. And the story of a USA TODAY reporter who was pulled over by cops while driving the Wienermobile. 👋 It’s Laura Davis. It’s Tuesday. Ready for […]

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Heightened inflation fears in the United States accompany talks on canceling student loan debt

Federal student loan borrowers are waiting on the edge of their seats to see what President Joe Biden will do as another payment pause is set to expire Aug. 31. The pros and cons were weighed with all possible scenarios, from analysts to politicians, and from financial watchdogs to economists. However, new surveys of CNN […]

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A Dark Underbelly: Digital Loans, Real-World Extortion

When Nanda Kumar, 52, took his own life late last month in Bangalore following allegations of harassment by loan collectors, he left a disturbing picture of the measure in his death note. which digital lending platforms could go to to ensure repayment. Kumar, a co-operative bank employee, was targeted for his pending loan payments – […]

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Biden canceled $32 billion in student loans, but student loan forgiveness is still missing

President Joe Biden (Photo by Scott Eisen/Getty Images) Getty Images President Joe Biden has canceled $32 billion in student loans, but large-scale student loan forgiveness is still lacking. Here’s what you need to know — and what it means for your student loans. Student loans Biden is potentially days away from one of the biggest […]

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Marcus by Goldman Sachs Bank Review 2022

Editorial independence We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information, see How we make money. Good for CD types and access Goldman Sachs Bank USA Review Editor’s […]

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Australia’s highest court rules Google is not a news content publisher

australia The highest to research ruled Google is not a news content publisher, searching for hyperlinks to search engines does not equate to posting. A majority of High Court judges ruled on Wednesday that Google was not the publisher of a defamatory article by age about a Victorian barrister because it was a search engine […]

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Bank of Maryland to pay $22.9 million for concealing loans to former CEO’s trusts

Band Jonathan Stempel and Ismail Shakil August 16 (Reuters) – A Maryland bank has agreed to pay about $22.9 million to settle charges brought by two US regulators for failing to disclose tens of millions of dollars in loans to family trusts owned by its former longtime chief executive . Eagle Bancorp Inc EGBN.Oof Bethesda, […]

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Home loans will cost more as mortgage company HDFC raises lending rates by 25 basis points

Home loans are now more expensive for new and existing customers according to a 25 basis point increase in the benchmark lending rate announced by mortgage lender HDFC Ltd. The price increase has been effective since August 9. The main housing loan company had raised the lending rate by 25 basis points on August 1, […]

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Companies that take money directly from your salary

At any given time, millions of workers are behind on at least one invoice. But it’s the rare employer who is slow to cut wages or rebound them altogether. This is an opportunity for loan companies like Kasable and OneBlinc and for retailers doing business on sites like payrolljewelry.com and purchasingpower.com: Put yourself at the […]

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SoFi stock soars to best day since early 2021 despite ‘dismal’ student loan numbers

SoFi Technologies Inc. has come a long way since its inception as a student loan platform, and this expansion into new areas of business has paid off for the company, even in the midst of a loan moratorium. to students. Shares of SoFi SOFI, +26.37% rose 25% in Wednesday morning trading and are on track […]

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Credit crunch looms for auto lenders

The credit crunch looms for auto lenders — perhaps most imminent for those lending to the subprime market. To that end, and as sites such as In search of Alpha, Credit acceptancewhich helps car dealerships offer car financing — including to consumers with less than stellar credit profiles — sounded a warning about the short-term […]

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OOh media and News Corp Australia sign exclusive multi-year news content innovation partnership to increase consumer engagement with Out of Home

oOh!media today announced an exclusive, multi-year partnership with News Corp Australia to deliver innovative and personalized content experiences to audiences on oOh!’s national Out of Home digital network. Leveraging the nationwide market-leading thousands of digital screens from oOh! in metropolitan and regional areas, News Corp mastheads news.com.au, The Australian, the Herald Sun and the Daily […]

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Home loans would cost more after a 25 basis point increase in lending rates by HDFC

The mortgage lender, HDFC Ltd. raised its benchmark lending rate by 25 basis points on Saturday, making loans more expensive for current and potential consumers. Ahead of the RBI’s Monetary Policy Committee (MPC) meeting scheduled for next week, the rate was raised. The interest rate hike committee is generally planned in order to control extreme […]