Student loan debt affects more than 42 million Americans and, with outstanding balances of more than $1.4 trillion, student loans are the second largest segment of U.S. debt, after mortgages. Operation Game of Loans includes seven FTC actions: five new cases, one new judgment in favor of the FTC, and a preliminary injunction entered in…
By: ENS Economic Bureau | Mumbai | Published:October 14, 2017 2:15 am DB Realty said it had availed a loan of Rs200 crore from LIC Housing Finance in January 2010 and Rs188 crore was disbursed DB Realty has said that its lender LIC Housing Finance has referred the company to the Mumbai bench of the…
A husband-and-wife financial adviser team have been barred from the profession after blowing millions of pounds on luxuries, including cosmetic dental treatment and flying lessons, despite their firm being declared insolvent after it mis-sold endowment policies. John and Colette Chiesa, founders of Westwood independent financial planners in Lanarkshire, were banned from working in financial services…
4:50 PM PDT 10/13/2017 by Natalie Jarvey The company restructured in early September following the departure of president Jeff Berman. Lloyd Braun’s media firm, Whalerock Industries, conducted a round of layoffs last month as part of a company wide restructuring, sources tell The Hollywood Reporter. In August, Whalerock president Jeff Berman left the company behind Kimoji…
The NCLT has recalled the order following an agreement between VA Tech Wabag and Consolidated Construction Consortium. The Chennai bench of the National Company Law Tribunal (NCLT) on Friday recalled its earlier order initiating the corporate insolvency resolution process against VA Tech Wabag, the pure play water technology major. The NCLT has recalled the order…
Mumbai: LIC Housing Finance (LICHF) has filed an application at the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against DB Realty. The developer, in a notice to the stock exchange, said that the matter is pending in the NCLT and settlement talks are on between LICHF and DB Realty. The application pertains to…
Maryland Attorney General Brian E. Frosh has ordered a California-based student loan debt relief company to stop doing business and return money to consumers after finding it violated consumer protection laws. The state is requiring Huntington Beach, Ca.,-based Student Loan Counsel to pay damages to Maryland residents who never received services or refunds. According to…
(iStock) The Federal Trade Commission said Friday that it has formed a task force with 12 state attorneys general to crack down on student debt relief scams. [Student debt relief scams are on the rise. Heres how this government official plans to stop it.] The federal-state initiative, dubbed Operation Game of Loans, is responsible for five cases against companies,…
Reuters TORONTO, Oct 13 (Reuters) – Sears Canada on Friday won court approval to begin liquidating all its remaining assets starting Oct. 19, putting the retail chain with 12,000 employees on a path to closure after 65 years in the country. The approval was granted by the Ontario Superior Court of Justice, which…
The Federal Trade Commission, along with Illinois and 10 other states, on Friday announced a coordinated crackdown on student loan debt relief scams. The initiative, dubbed Operation Game of Loans, includes 36 actions by the FTC and state attorneys general against companies alleged to have taken more than $95 million in illegal upfront fees over…