You Searched For "Predatory Lending" and got 20 results
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6 mins read
HENRYs are turning to a little-known and risky type of mortgage as home prices soar
Interest-only mortgages offer lower monthly payments, initially. But they also carry risks.
Eliza Relman
3 mins read
260,000 student-loan borrowers who were approved for debt relief might be pushed back into repayment anyway, a legacy advocacy group says
A judge approved a settlement last year that gave 260,000 student-loan borrowers debt relief. Advoc…
Ayelet Sheffey
5 mins read
Student-loan borrowers' biggest defender in the government is in jeopardy
The Supreme Court is about to take on a case challenging the funding structure of the CFPB. The sta…
Ayelet Sheffey
6 mins read
I've lent people more than $63 million to buy homes and start businesses: 'If you see a problem, fix the problem'
In 2013, Arlo Washington lent $150 to a customer. Now the "Barber of Little Rock" issues high-risk …
Alcynna Lloyd
2 mins read
$6 billion in student-loan forgiveness for 200,000 borrowers just cleared another hurdle — and all members involved in the years-long lawsuit can now get relief
Four years after defrauded student-loan borrowers filed a lawsuit after their relief was stalled, t…
Ayelet Sheffey
4 mins read
How 3 big Supreme Court cases could derail the government
The Supreme Court is hearing three major cases that could upend the way the government works, putti…
Ayelet Sheffey
9 mins read
How private lenders have left millions of college students with no hope for the future
How the booming market for private loans saddled millions of students with $136 billion in debt tha…
Ayelet Sheffey
1 min read
Ahead of ban order, RBI gave a list of apps working with NBFCs to govt
Earlier this week, the Ministry of Electronics and Information Technology banned 94 loan apps, whic…
PTI
5 mins read
Warren Buffett's gift of 1.5 million Berkshire Hathaway shares was the biggest donation of the year
Warren Buffett donated stock valued at $541.5 million to a foundation named after his first wife, S…
Associated Press
4 mins read
Naresh Goyal's 'incessant siphoning of funds' among reasons behind Jet Airways' downfall: ED
et Airways founder Naresh Goyal's "resistance" in diluting his stakes and "incessant siphoning off …
PTI
3 mins read
Don't expect a wave of short sales and foreclosures during this housing downturn — homeowners have too much equity
Since the 2008 housing crisis, lending standards have tightened and homeowner equity has soared to …
Alcynna Lloyd
2 mins read
University of Southern California social work students just sued the school, accusing it of 'intentionally' misleading people of color about the program and forcing them into 'massive' student debt
Students who filed the lawsuit against USC said the master's social work program is an "enormous de…
Ayelet Sheffey
2 mins read
200,000 student-loan borrowers were just granted $6 billion in debt relief after a federal judge approved a settlement with Biden's Education Department
This student-loan forgiveness puts an end to a lawsuit filed in 2018, Sweet v. Cardona, filed by pe…
Ayelet Sheffey
2 mins read
After Chinese apps, the Indian government cracks down on Indian betting and quick loan apps—here’s why
The Indian government has banned 232 applications over concerns of data storage and money launderin…
8 mins read
Experts warned of a housing bubble. They were wrong.
If you've been waiting — maybe even cheering — for the housing bubble to pop and home p…
James Rodriguez
2 mins read
Woman released swarms of bees on deputies during protest to prevent the eviction of a 79-year-old Black homeowner: cops
A sheriff's deputy was stung in the face when the woman released bees from hives at the Longmeadow,…
Haven Orecchio-Egresitz
2 mins read
200,000 student-loan borrowers get a 'grand slam' after a federal judge moves them closer to $6 billion in debt cancellation
After Biden's Education Dept. reached a settlement with defrauded student-loan borrowers, a judge g…
Ayelet Sheffey
2 mins read
A federal judge just ruled $6 billion in student-debt cancellation can move forward for 200,000 defrauded borrowers, saying the decision will 'allow them to not only to move on, but also to move up, elevating others in the process'
A federal judge ruled that the argument to pause student-debt relief for defrauded borrowers was "t…
Ayelet Sheffey
2 mins read
200,000 student-loan borrowers are getting their debt wiped out through a settlement with Biden's Education Department
The lawsuit was first brought against former Education Secretary Betsy DeVos over thousands of clai…
Ayelet Sheffey
2 mins read
ED allows WazirX to use bank accounts frozen after raids
Crypto exchange WazirX on Monday said the Enforcement Directorate (ED) has allowed it to use its ba…