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In short: Complaints about how banks handle financial distress rose 25 per cent last year, the Australian Financial Complaints Authority (AFCA) said. More than half of the complaints were about a lender’s failure to respond to a request for help a breach of national codes. What’s next? The Australian Securities and Investments Commission (ASIC) is conducting a…
April 02, 2024 Latest News, Press Release The Governors proposed 2024-25 budget proposes a $4 million investment to erase nearly $400 million of medical debt for low-income Pennsylvanians. Approximately 1 million Pennsylvanians carry some kind of medical debt and it disproportionately impacts rural counties like Mifflin County. Yeagertown, PA Today, Governor Josh Shapiro joined Representative…
If efforts to address record global public debt are to leave no stone unturned, then weak disclosure laws warrant deep scrutiny. Hidden debt is borrowing for which a government is liable, but which is not disclosed to its citizens or to other creditors. And while this debtby its natureis often kept off the official government…
Australians with student debts are set to have hundreds of dollars added to their loans amid calls to change how increases are calculated. Some 2.95 million Australians have a Higher Education Loan Program (HELP) debt, such as , totalling more than $78 billion in outstanding debt, according to the most recent Australian Taxation Office (ATO)…
Australians with student debts are set to have hundreds of dollars added to their loans amid calls to change how increases are calculated. Some 2.95 million Australians have a Higher Education Loan Program (HELP) debt, such as , totalling more than $78 billion in outstanding debt, according to the most recent Australian Taxation Office (ATO)…
An increasing number of people are seeking help to get their debts settles, according to Humanitas. The largest volunteer organization for debt relief in the Netherlands drew the conclusion based on research it conducted. Humanitas Director Jerzy Soetekouw thinks the numbers are alarming. Our volunteers and coordinators see people at their lowest point. They are…
Ballooning HECS loans have long been a subject of debate and, for millions of young Aussies saddled with student debt, the call for a major shake-up in the system cannot come soon enough. The Albanese government recently received 47 recommendations following the biggest review of universities in decades, including a proposal to overhaul the current…
Covid-19 pandemic debt relief rises in last year across Oxford The number of people in Oxford accessing a debt relief scheme opened to provide financial support during the coronavirus pandemic has risen by a tenth last year, new figures show. Across England and Wales, there was a 25 per cent jump in the number of people…