The U.S. House of Representatives on Thursday was poised to pass legislation creating a federal control board to help Puerto Rico cope with a crippling debt that already is wreaking havoc throughout the island’s economy. Bolstered by rare bipartisan cooperation between the chamber’s Republicans and Democrats and a White House announcement of support earlier on…
Youre not alone if youre confused about your student loans or feel stymied by your student loan servicer. More and more resources out there can help, but you cant use them if you dont know they exist. We talked to Seth Frotman, who works at the federal Consumer Financial Protection Bureau as student loan ombudsman and assistant…
The three main factors leading to over-indebtedness are often surprising to people. They often also take the people coming into high levels of debt by surprise. No, it’s not just high mortgages, expensive cars or luxurious vacations that lead to unmanageable debt levels. It’s being taken by financial surprise through the loss of work, an…
The Obama Administration is on the verge of issuing a proposed rule that would create new procedures and standards for cancelling the federal student loan debt of people who were defrauded by their colleges. The rule would also create new standards for the Department of Education to require colleges to post escalating letters of credit based…
MOSCOW Rosneft’s quarterly core earnings and debt reduction helped lift shares in Russia’s top oil producer on Wednesday despite weak crude prices slashing its net profit. Led by Igor Sechin, a long-standing ally of Russian President Vladimir Putin, Rosneft said its investment in the quarter would help generate future production and profit. Core earnings –…
Rosneft’s quarterly core earnings and debt reduction helped lift shares in Russia’s top oil producer on Wednesday despite weak crude prices slashing its net profit. Led by Igor Sechin, a long-standing ally of Russian President Vladimir Putin, Rosneft said its investment in the quarter would help generate future production and profit. Core earnings – before…
By Reuters Published: 19:48 EST, 8 June 2016 | Updated: 19:48 EST, 8 June 2016 By Vladimir Soldatkin and Olesya Astakhova MOSCOW, June 8 (Reuters) – Rosneft’s quarterly core earnings and debt reduction helped lift shares in Russia’s top oil producer on Wednesday despite weak crude prices slashing its net profit. Led by Igor Sechin,…
MB File The Bangko Sentral ng Pilipinas (BSP), banks and their credit card units have put in place an inter-bank debt relief program (IDRP) to prevent delinquent payments and assist cardholders with financial problems settle their dues. The IDRP, which was officially launched this month, will cover only credit card debts for now but would…
Americans owe a collective $930 billion dollars in credit card debt. In South Carolina the average per card holder is more than $5,600. And thats just the plastic. So we looked into how you tackle rising debt. Here is what you can do if you need help and what to watch out for in this…
Christian Keszthelyi Tuesday, June 7, 2016, 14:31 Some 130 employees of porcelain maker Zsolnay resigned from their jobs effective immediately, abandoning the company for the newly formed Ledina Kerámia, the latters legal representative told Hungarian news agency MTI today. Ledina Kerámia was created by Zsolnays minority owner Pécs Council, to take over operations from Zsolnay…