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RBI curbs: JM Financial says 'no material deficiencies in loan sanctioning process'
JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order i…
PTI
The dark truth behind RBI’s crackdown on easy personal loans
The Reserve Bank of India tightened capital norms for lenders disbursing unsecured loans to unsuspe…
China's economy is at risk of a brutal 'debt-deflation spiral'
Experts say policymakers in Beijing must intervene to prop up the economy and stabilize markets, an…
Phil Rosen
'Something could break': The Fed risks recession, bank failures if it doesn't cut rates soon, economist Mark Zandi says
High interest rates are "corrosive" to the economy, and the Fed risks breaking something in the fin…
Jennifer Sor
How an unrelated Supreme Court decision could jeopardize Biden's new student-loan forgiveness plan before it even goes into effect
While Biden's new student-loan forgiveness plan isn't set to go into effect until the fall, a separ…
Ayelet Sheffey
We’d like to curtail consumption-led loans with no clear end use: RBI Dy Governor
“The loans in the under ₹50,000 segments is less than half a percent of total outstanding. The…
Sam Bankman-Fried said he was alarmed by Alameda's risk taking, but he doesn't show it when he's 'freaked out'
Sam Bankman-Fried testified that he doesn't usually "show a lot of freak-out-ness," but he was frea…
Katie Balevic
Credit score improvement requires strict discipline but it is possible – Here’s how to go about it
Having a healthy credit score of 750 and above comes in handy when you apply for a loan, especially…
A student-loan company's 'history of mismanagement' is putting millions of borrowers in public service at risk with payments about to resume, 2 Democratic lawmakers say
Reps. Katie Porter and Joe Courtney asked student-loan company MOHELA's CEO how it's preparing for …
Ayelet Sheffey
Over 30 million student-loan borrowers would see some — or all — of their balances wiped out in Biden's newly released plan for debt relief
The White House unveiled the details of Biden's student-debt cancellation plan, which would wipe ou…
Ayelet Sheffey
A bright spot in the economy is at risk as 30 million Americans face student loan payments for the first time since the pandemic
Insider's Phil Rosen breaks down the latest in financial markets, including how consumer spending c…
Phil Rosen
Student-loan borrowers risk losing Social Security benefits if they fall behind on payments. Democrats want to make sure that doesn't happen when repayment starts back up next month.
Student-loan payments are about to resume, and Democratic lawmakers want to ensure it doesn't strip…
Ayelet Sheffey,Juliana Kaplan
Indians are taking more personal loans, buying consumer goods on credit, says report
Personal and consumer durable loans almost doubled between FY19 and FY22, despite a lull for two ye…
Marc Andreessen says student loan forgiveness is a 'bailout.' Ben Horowitz thinks college is mostly 'a scam.'
Marc Andreessen and Ben Horowitz spoke at length in a podcast about American higher education and s…
Kali Hays
What is a bond? How to earn a steady stream of income by loaning money to a business or government
Bonds represent the ownership of debt and allow individuals to diversify their portfolios while mit…
Amena Saad
A mom who's stuck with the bill for her ex-husband's student loans is struggling to pay the $365,000 balance and help her kids at the same time
Shannon Rowan, 51, cannot separate her student-loan balance from her ex-husband's, and she's in def…
Ayelet Sheffey
Looking for a home loan of ₹75 lakh or above? The RBI rate hike pause might not bring you relief
The Reserve Bank of India has revised the risk weights for individual housing loans, which could re…
One of the government's biggest initiatives to make it easier to take out student loans for grad school backfired and made tuition more expensive
With a looming Supreme Court ruling on student loan forgiveness, new research reveals introducing u…
Noah Sheidlower
Markets could drop as much as 20% if risk-taking investors pull back, says Bank of England
The Bank of England's Financial Policy Committee flagged increased risk-taking and easy credit as p…
Ethan Wu
The Senate failed its attempt to strip lower monthly student-loan payments from millions of borrowers
The Senate failed to pass a GOP-led bill to overturn the new SAVE income-driven repayment plan. Bid…