by Lamiat Sabin YOUNG adults renting their homes and working in insecure jobs are most likely to struggle with debt, a charity said yesterday as it reported receiving a record number of cries for help. A total of 313,679 people with unmanageable money problems sought advice from StepChange Debt Charity between January and June, which…
HCC currently has over Rs 3,200 crore tied up in arbitration, and with the new norm, the company can get about Rs 2,400 crore (75 percent of Rs 3,200 crore) freed immediately. The company is also confident that within the next 12 months, additional claims worth Rs 5,000 crore would be settled. Reliance Infrastructure ltd.,…
By Josh Boak, The Associated Press More Americans are getting buried by student debt causing delays in home ownership, limiting how much people can save and leaving taxpayers at risk as many loans go unpaid. The statistics look daunting. Student debt now totals around $1.26 trillion. This amounts to a stunning 350 percent increase since…
MASSACHUSETTSA company that allegedly charged hundreds of Massachusetts borrowers unlawful upfront fees and misled them about its affiliation with the federal government will refund those customers, Attorney General Maura Healey said. Under the terms of a settlement, Libre Technology, Inc. which did business under the name Student Loan Service.US will refund $160,000 to more than…
Greece could secure short-term debt relief measures “very soon” if it implements remaining reforms agreed under its bailout program, the head of the euro zone’s bailout fund, the European Stability Mechanism (ESM), said on Saturday. Under a deal signed last year with euro zone countries, the European Central Bank and the International Monetary Fund, the…
The move to fine-tune the total debt servicing ratio (TDSR) is clearly not a relaxation of cooling measures but is best seen as a step to avert hardship during an economic slowdown. The amended refinancing framework announced by the Monetary Authority of Singapore (MAS) on Thursday will protect both banks and home owners, experts note.…
by Cristiane Lucchesi, Fabiola Moura and R.T. Watson Samarco bondholders hired US law firm Hogan Lovells for help with debt-restructuring talks as the stalled Brazilian iron-ore miner runs out of money, according to people with knowledge of the matter. With a coupon payment looming, Hogan Lovells is seeking a Brazilian law firm to work with it…
Massachusetts Attorney General Maura Healey. (Image courtesy of the Attorney Generals office.) As part of her ongoing effort to address abuses in the student lending industry, Attorney General Maura Healey has announced action against a so-called debt relief company that allegedly charged hundreds of Massachusetts borrowers unlawful upfront fees and misled consumers about its affiliation…
The Massachusetts Attorney General has settled with a California student loan debt relief company that allegedly misled borrowers and charged them illegal upfront fees. Libre Technology Inc., a San Diego company, will refund $160,000 to more than 400 Massachusetts borrowers who were seeking help consolidating their federal student loans or applying for new repayment options.…
By Abhinav Ramnarayan | LONDON LONDON A European Commission ruling that Apple Inc should pay Ireland up to 13 billion euros of back-dated taxes could help the country cut its debt significantly but may undermine its government, Standard & Poor’s told Reuters on Wednesday. The European Union’s executive arm ordered Apple to pay the bill…