Ask Republican politicians how they feel about gun control, and they’ll say this is a matter for states to decide. “I think we need to respect federalism and respect local jurisdictions,” House Speaker Paul D. Ryan insisted just last week. But ask Republicans about protecting people from being...
Almost a year after U.S. Transportation Secretary Elaine Chao called the Gateway Program “an absolute priority,” she said federal loans shouldn’t count toward the states’... To view the full story, click the title link.
Rachel Maddow explains how the estranged wife of Federal Savings Bank chief Steve Calk could end up revealing details of the bank's unusual loan of $16...
The Associated Press reports: Recently filed federal charges against President Donald Trump’s ex-campaign chairman Paul Manafort could also pose legal and regulatory risks for the banks that loaned him millions of dollars against his New York real estate in recent years. Show More Summary
NBC News reports: Federal investigators are probing whether former Trump campaign chair Paul Manafort promised a Chicago banker a job in the Trump White House in return for $16 million in home loans, two people with direct knowledge of the matter told NBC News. Show More Summary
“Federal investigators are probing whether former Trump campaign chair Paul Manafort promised a Chicago banker a job in the Trump White House in return for $16 million in home loans,” two people with direct knowledge of the matter told NBC [...]
50 years after the federal Fair Housing Act banned racial discrimination in lending, African-Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.
As the Federal Reserve reported most recently two weeks ago, US consumer non-mortgage debt has never been higher: as of December 31, 2017, US households have a record $1.0 trillion of credit card/revolving loans, a record $1.3 trillion...Show More Summary
—On January 11th, the Brookings Institution issued a report finding that the default rate for undergraduate, federal student loan borrowers nationwide will be about 38% by 2023, indicating a true, lifetime default rate of about 40% This...Show More Summary
SAN JUAN, Puerto Rico (AP) — Puerto Rico's electricity utility said Friday it will dial down the power generation starting this weekend as a federal control board urgently seeks a $300 million loan for the troubled utility after a judge rejected a previous $1 billion loan request.
In a blog post last month, I used newly-available data from the U.S. Department of Education’s Office of Federal Student Aid to look at the amount of student loan dollars in income-driven repayment plans by amount of debt. In that post, I showed that students with more debt were far more likely to use IDR... Read more »
HIGHER EDUCATION BUBBLE UPDATE, LEGAL EDUCATION EDITION: Would A Federal Student Loan Overhaul Bring Down Law School Tuition?
California regulates payday loans (good thing, since Trump's about to kill the federal rules preventing payday loansharking), but not "installment loans" of $2,500 to $5,000 and that means that out-of-state lenders are able to target desperate Californians; they're getting seven-year loans of $5,000 that cost $42,000 to repay. (more…)
Over the last two years, the U.S. Department of Education’s Office of Federal Student Aid has quietly released additional data on the federal government’s portfolio of nearly $1.4 trillion in student loans. I was on the FSA website today looking up the most recent data on Public Service Loan Forgiveness employment certification forms (up to... Read more »
A billion-dollar emergency loan approved by Congress to help Puerto Rico deal with the effects of Hurricane Maria has been temporarily withheld by federal officials who say the U.S. territory … Click to Continue »
Critics say the rule locks needy borrowers in debt cycle, critics say the working poor have few other loan sources
Late on Tuesday, the Consumer Financial Protection Bureau (CFPB) announced that it is planning to “reconsider” the Payday Rule, an Obama-era rule that created the first federal restrictions on payday loans. The rule takes aim at predatory...Show More Summary
Mortgage Fraud Blog. Michael Paul Paquette, 34, San Juan Capistrano, California; Allan Jessie Chance, 34, Temecula, California; and Dennis Edward Lake, 59, Costa Mesa, California, were indicted on federal mail fraud charges that allege...Show More Summary
Paying for graduate school is an expensive task, but with federal aid, state and university funding, and private loans, you can get your dream degree without worrying too much about cost. Paying For Graduate School—What’s The Best Way To Fund Your Degree? appeared first on Money Under 30. © Moneyblogs, LLC.
A federal judge in Denver has sentenced a woman to two years in prison for her role in using the credit histories of 181 unsuspecting prison inmates to get $582,000 … Click to Continue »