You Searched For "economic injury disaster loan" and got 20 results
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8 mins read
Wall Street tried getting into higher education. Disaster ensued.
Private equity firms made billions off of higher education. Students were left with worthless degre…
Ryann Liebenthal
2 mins read
8 million student-loan borrowers struggling to afford key long-term expenses could get debt cancellation through a new Biden proposal
The Education Department released its proposal to get student-debt relief to borrowers facing finan…
Ayelet Sheffey
2 mins read
Bonds backed by commercial mortgages are a 'disaster' as real estate values crumble, hedge funder says
The CMBS market is in trouble, one hedge fund boss says, as loans on offices across the US are at r…
Jennifer Sor
2 mins read
A man from Georgia blew most of his COVID-19 small business loan on a $58,000 Pokémon card, prosecutors say
Federal prosecutors say Vinath Oudomsine lied about the size of his business, and then spent most o…
Grace Dean
3 mins read
Here's who could be responsible for paying for the Baltimore bridge disaster
Between rebuilding the bridge, compensating the victims' families, and paying disruption damages, t…
Erin Snodgrass
2 mins read
As debt ceiling negotiations go down to the wire, an economic disaster looms that could affect everything from student loans to mortgage payments
Even the prospect of the US defaulting on its loans can tank the economy. A similar debt-ceiling st…
Hannah Getahun
2 mins read
Small businesses can now get up to $2 million in government loans to help them recover from the pandemic
The SBA raised the cap on Economic Injury Disaster Loans from $500,000 to $2 million for businesses…
Jennifer Ortakales Dawkins
2 mins read
People are raiding their savings and racking up debt, paving the way for economic pain, expert warns
Soaring prices and borrowing costs mean people are spending nearly every dollar they have just to s…
Theron Mohamed
2 mins read
Democrats propose $50 billion in small business aid as part of larger pandemic relief plan
The House Small Business Committee bill included $25 billion for restaurant aid and $7.5 billion in…
Ayelet Sheffey
5 mins read
Inside a Bay Area family's struggle to save their company during the coronavirus outbreak, as big businesses like Shake Shack beat them to government loans
Shady Elzarka's family has owned Beninni, a men's formal wear store in Hayward, California, for thr…
Ashley Collman
2 mins read
Over a dozen GOP states seeking to block student-loan forgiveness through Biden's SAVE repayment plan may have been set back by a separate court ruling
A ruling in a separate lawsuit to block student-debt relief could suggest how the court might rule …
Ayelet Sheffey
2 mins read
Financial disaster is looming for American commercial real estate. Here's what experts see happening next.
The debt-stricken commercial real estate sector is in for a reckoning amid higher-for-longer intere…
Jennifer Sor
2 mins read
Jamie Dimon will raise the prospect of economic disaster to Congress - and sound the alarm on painful inflation
Dimon will also defend his bank's vital role in financing businesses, infrastructure, and consumer …
Theron Mohamed
2 mins read
Paul Krugman warns a US debt default would mean economic disaster. Here are 3 things Biden can do if lawmakers fail to strike a deal.
Failing to raise the debt ceiling could spark a financial crisis as bad or even worse than 2008, ac…
Jennifer Sor
2 mins read
JPMorgan CEO Jamie Dimon warns an economic disaster may be looming - and sees consumer spending drying up by the summer
Dimon flagged the amount of debt in the financial system as a key concern, and suggested consumers …
Theron Mohamed
8 mins read
As Hawaii mourns its dead, 'disaster vultures' are swooping in to make a quick buck
After Hurricane Ian struck Florida, disaster investors swooped in to prey on vulnerable families an…
Anthony DiMauro
3 mins read
Over 500 students are at the Supreme Court to plug Biden's student-loan forgiveness because the 'economic mobility of over 40 million Americans is dependent on the survival of this program'
The day is finally here. The Supreme Court is taking on challenges to Biden's student-debt relief, …
Ayelet Sheffey
2 mins read
Investors are forgetting the 'pain before the pivot' - and failing to see the debt disaster ahead, expert warns
The Fed's interest-rate hikes will have severe, delayed impacts on households, businesses, and the …
Theron Mohamed
2 mins read
'Shark Tank' investor Kevin O'Leary warns of a 3-pronged financial disaster as soaring interest rates bite
Regional banks, commercial real estate, and small businesses are all suffering from the historic su…
Theron Mohamed
2 mins read
It is 'abundantly clear' student-loan payments should not resume next week if the government shuts down, Ayanna Pressley says
Resuming student-loan payments the same day as a government shutdown is "a recipe for disaster," Re…