Umbrella body mooted to help SMEs in debt – The Straits Times

Struggling small and medium-sized enterprises (SMEs) would benefit from an umbrella organisation to coordinate the restructuring of debt, according to registered charity Credit Counselling Singapore president Kuo How Nam. The proposed organisation would work with all the creditors involved to assess the financial situation of the SME and develop a reasonable and practical restructuring plan.…

Warner proposes bills to help graduates with student loan debt – The Charlottesville Newsplex

WASHINGTON (NEWSPLEX) — U.S. Senator Mark Warner has introduced two pieces of legislation to provide relief to young people struggling with student loan debt. One bill would allow employers to make payments toward employees’ debt using pre-tax income. The second would make income-based repayment the default option for borrowers of federal student loans. “As the…