NerdWallet: Big settlement for defrauded students is a sign of changes to come

More than 200,000 federal student loan borrowers who were misled by their schools are in line for $6 billion worth of debt relief as a result of a preliminary settlement approved by court order....

Affirm CEO Says Next Recession Will Silence Fintech Lender’s Doubters

Affirm stock is down 77% since hitting its peak in November, compared with a 9% decline in the S&P 500. Investors are worried about future costs of borrowing, growing competition and whether...

Student-loan payments are set to restart in less than 3 weeks. It's the closest Biden has ever been to the deadline...

Student-loan borrowers are waiting for news of both debt cancellation and a payment pause extension, and Biden has yet to announce either.

Changes are coming to improve student loan forgiveness for borrowers in public service

Borrowers pursuing public service loan forgiveness could see a number of new, friendlier terms in coming months.

Affirm CEO Says Next Recession Will Silence Fintech Lender’s Doubters

Affirm stock is down 77% since hitting its peak in November, compared with a 9% decline in the S&P 500. Investors are worried about future costs of borrowing, growing competition and whether...

DeFi platform Oasis to block wallet addresses deemed at-risk

According to a new community Discord post on Thursday, decentralized finance platform Oasis.app says that sanctioned addresses will no longer be able to access the application. As a result of the...

Apollo Readies Large Cap Direct Loan Fund

Apollo Readies Large Cap Direct Loan Fund As the old adage goes, "if you can't beat them, join them..." That appears to be exactly what Apollo Global Management is doing, after the...

Indian authorities freeze more crypto funds over money laundering allegations

India’s Directorate of Enforcement announced Friday that it has frozen the financial accounts of Bengaluru-based financial services company Yellow Tune Technologies, some of which were held by...

Maven 11 launches $40M lending pool on Maple as borrowers turn to DeFi

Netherlands-based crypto investment firm Maven 11 has launched its third lending pool on Maple Finance, giving borrowers access to liquidity amid the bear market. The $40 million pool financed by...

Student Loans Are A $197 Billion Money-Loser For Taxpayers: GAO

Student Loans Are A $197 Billion Money-Loser For Taxpayers: GAO Though progressives routinely express horror over that idea that the federal government profits from student loans, a...

UNCTAD takes aim at crypto in developing world in a series of critical policy briefs

The United Nations Conference on Trade and Development released a policy brief Wednesday on cryptocurrency. It is the third brief in a row the agency has dedicated to crypto, and together they...

DeFi platform Oasis to block wallet addresses deemed at-risk

According to a new community Discord post on Thursday, decentralized finance platform Oasis.app says that sanctioned addresses will no longer be able to access the application. As a result of the...

Robinhood to face class action lawsuit from meme stock debacle: Report

Cryptocurrency and stock trading platform Robinhood will allegedly face allegations of market manipulation as part of a class-action lawsuit brought by investors in “meme stocks” from nine...

Maven 11 launches $30M lending pool on Maple as borrowers turn to DeFi

Netherlands-based crypto investment firm Maven 11 has launched its third lending pool on Maple Finance, giving borrowers access to liquidity amid the bear market. The $30 million pool financed by...

Borrowers want to know their fate’: With 3 weeks left, still no news on whether the federal student loan pause will...

Consumers advocates say waiting so long to announce another extension puts undue stress on borrowers.

Maven 11 launches $30M lending pool on Maple as borrowers turn to DeFi

With liquidity drying up in the wake of CeFi contagion, borrowers are turning to decentralized finance for their credit needs.

Maple Finance Launches $40M Lending Pool as Contagion Fear Subsides

Maven 11’s third pool on Maple boasts borrowers including Wintermute, Auros and Flow Traders The post Maple Finance Launches $40M Lending Pool as Contagion Fear Subsides appeared first on Blockworks.

Student loan forgiveness decision will come 'before August 31,' Biden admin confirms: What you need to know

White House officials are zeroing in on canceling $10,000 for all borrowers who earn less than $150,000 per year, CNBC reports.

Settlement Providing $6 Billion In Student Loan Forgiveness Clears Hurdle: 5 Key Takeaways

As a settlement process moves forward to resolve claims of stalled student loan forgiveness applications, here’s what borrowers need to know.

Ding, Dong Inflation Is Dead'... But Probably Isn't So Don't Get Your Hopes Up Yet

'Ding, Dong Inflation Is Dead'... But Probably Isn't So Don't Get Your Hopes Up Yet Authored by Bill Blain via MorningPorridge.com, “Inflation is everywhere a misunderstanding of what...

Mortgage wake-up call for middle classes

Rising interest rates could cost some borrowers more than rising energy bills

Key Words: ‘A stay-in-debt-forever scheme’: Student loan debt-collection system is too harsh, Education Department...

defaulting on student loans could lead to the federal government withholding your wages, your tax refunds and possibly your Social Security income. “It makes no sense to try and collect a loan by...

Canadian home buyers return to fixed-rate loans as economy wobbles

By Nichola Saminather TORONTO - Canadian home buyers are shifting to fixed-rate mortgages at the fastest pace in a year, on bets that more rate hikes from the central bank are in store to bring...

CPI Report Live: Stock Futures Gain Ahead of Inflation Data

The yield on the 10-year Treasury note dropped to a recent 2.717%, from 2.797% on Tuesday. The two-year yield declined to 3.136%, from 3.284% a day ago. Treasurys are some of the most widely...

Voyager Digital reportedly had deep ties with SBF-owned Alameda Research

Voyager Digital, the crypto lending firm that went bust due to the crypto contagion initiated by Three Arrow Capital’s insolvency is currently fighting its bankruptcy court battle. The court...

Wild swings in mortgage rates last week caused a rare surge in refinancing

Mortgage rates made unusually wide swings last week, and that may have caused some borrowers to try to take advantage and save money on a refinance.

Is Biden going to follow through on student loan forgiveness?

President Biden is expected to soon make consequential decisions pertaining to student loans, and borrowers are awaiting the news with bated breath. Here's everything you need to know: The...

PANDEMIC PERK: Student loan freeze gave borrowers unexpected benefits

Credit scores for student loan borrowers increased during the COVID-19 pandemic, according to the findings of a new study. The "2022 Student Loan Update" was conducted by researchers from the...

As Biden Appears Likely To Extend Student Loan Pause, Republicans File Bill To Restart Payments

The Biden administration appears to be increasingly likely to extend the student loan pause, which is currently set to end in just 22 days. Meanwhile, congressional Republicans filed a bill to end...

Student loan forgiveness applicants get denial letters

As a key deadline looms, borrowers still face problems getting their student debt forgiven under a program for public service workers that Republican lawmakers are now targeting. Borrowers...

One-Stop Business News, backed by Mark Cuban. Free to Use →