Over the weekend, the depegging of two major stablecoins, USD Coin (USDC) and Dai (DAI), from the US dollar prompted a frenzy of loan repayments on decentralized lending protocols Aave and Compound. B...
Tag: Borrowers
What Happens to Borrowers if The Supreme Court Quashes Biden’s Student Loan Forgiveness?
On Tuesday, the Supreme Court heard challenges to President Joe Biden’s student debt relief plan. The proposal, which would cancel between $10,000 and $20,000 in current debt for most borrowers,...
NFTfi hits all-time highs for volume, number of loans and borrowers
NFTfi recorded all-time highs in January for volume, number of loans, and borrowers and lenders. Along with BenDAO, NFTfi holds almost 70% of the market share. According to a crypto reporter, these al...
Interest Rate Price Controls Push Borrowers Into the Black Markets Do-Gooders Were Trying to Deliver Them From
Call it a statement of the obvious, but prices organize the market economy. As they go up and down, the movements exist as information for producers and providers of what we want more and less of. But...
The White House embraced debt forgiveness in 2022. Here’s what student-loan borrowers can expect in 2023.
This was the year the White House embraced the idea of mass student-loan forgiveness, but 2023 will likely be the year when borrowers will find out whether the policy will actually impact their wallet...
America has a $1.7 trillion student loan debt problem. Here’s what 6 borrowers think will solve the crisis as Biden’s forgiveness plan stalls
When President Joe Biden announced his plan to forgive up to $10,000 to $20,000 in federal student loan debt for most borrowers, it was the first time in many of their adult lives that those bearing t...
73% of student loan borrowers plan to spend their debt forgiveness checks on non-essential items. Do this with it instead.
‘Travel, dining out and new tech’: 73% of student loan borrowers plan to spend their debt forgiveness checks on non-essential items. Do this with it instead. President Joe Biden’s st...
Millions of borrowers will face ‘real trauma’ when the student loan freeze ends in a few short weeks
Millions of borrowers will face ‘real trauma’ when the student loan freeze ends in a few short weeks After nearly three years, millions of Americans will be ringing in the new year with th...
With $3.1 Trillion In Debt Due And Rates Rising, Corporate Borrowers Find Themselves Fighting The Fed
$3.1 trillion of U.S. corporate debt is coming due over the next three years. getty Talk about bad timing. For three S&P 500 members, F5, IlluminaILMN , and NordsonNDSN , 40% or more of their debt...
Student loan forgiveness applications are now open — here’s what borrowers need to know to get their relief
Student loan forgiveness applications are now open — here’s what borrowers need to know to get their relief Borrowers can now start applying online for relief under President Biden’s student loa...
AOC offers tip for parent borrowers
Rep. Alexandria Ocasio-Cortez (D-NY) this week took to Instagram Live and Twitter to explain how parent borrowers benefit from President Joe Biden’s student loan forgiveness. Not only are student loan...
Government releases application for borrowers
The Education Department (ED) provided a first look at the student loan forgiveness application on Tuesday, but did not say exactly when the form would go live for borrowers to fill out. However, it r...
Morpho, The New Ethereum Application To Reunite Borrowers And Lenders
The post Morpho, The New Ethereum Application To Reunite Borrowers And Lenders appeared first on Coinpedia Fintech News Co-founded by Paul Frambot, Morpho is an Ethereum application that adds P2P lend...
Reuniting Borrowers and Lenders on DeFi
Well, Morpho has a thorny relationship with its pool-oriented peers. It relies on Aave and Compound pools when individual borrowers and lenders can’t be matched, but Morpho also hopes to siphon money ...
Reuniting Borrowers and Lenders
Well, Morpho has a thorny relationship with its pool-oriented peers. It relies on Aave and Compound pools when individual borrowers and lenders can’t be matched, but Morpho also hopes to siphon money ...
President Biden just (quietly) scaled back student loan forgiveness — and the change could impact up to 1.5M borrowers. Are you one of them?
‘Remarkable reversal’: President Biden just (quietly) scaled back student loan forgiveness — and the change could impact up to 1.5M borrowers. Are you one of them? The Department of Educat...
Debt cancellation got all the attention, but this Biden proposal could impact student-loan borrowers more, critics and advocates say
When President Joe Biden announced in August that his administration planned to cancel $10,000 in federal student debt for most borrowers, Allison Daurio felt some relief. Under the White House’s deb...
Will New Lending Pool for Crypto Miners Attract Borrowers?
New $300 million lending pool on Maple Finance’s platform could offer lenders interest between 15% and 20% Scaled miners could likely find a lower interest rate and longer payback period, Compass Poin...
Celsius borrowers oppose US Trustee’s move to appoint internal examiner
McCarter & English, a law firm representing four Celsius borrowers, has filed a motion asking for the appointment of a chapter 11 Trustee instead of an internal examiner from the U.S. Trustee’s of...
Celsius Crypto Borrowers Call for Bankruptcy Trustee, Oppose US DOJ Move to Appoint Examiner
The regulator went so far as to imply that Celsius operated like a Ponzi scheme, saying the company’s admission that it did not generate enough revenue to support its yield product “shows a high level...
6 states could potentially charge borrowers income tax on their forgiven student loan debt
Most borrowers eligible for President Joe Biden’s student loan forgiveness plan will receive the relief tax-free. But residents of a handful of states may be on the hook to pay state income tax on the...
Education Dept. cancels $1.5 billion in loans for Westwood College borrowers
Tero Vesalainen | Istock | Getty Images The U.S. Department of Education on Tuesday announced it will cancel all remaining federal student debt for former students of the now-defunct for-profit Westwo...
High Prices For New And Used Cars Squeeze Out Borrowers With Subprime Credit
A CarMax lot holds hundreds of used cars and trucks in Gaithersburg, Md. Getty Images Consumers with good credit are buying more used vehicles, likely because used vehicles are relatively more availab...
13 states may hit borrowers with state tax liability on forgiven student loans
President Joe Biden‘s student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. However, experts say the cancellation may sti...
Borrowers currently in college are eligible for Biden’s $10,000 in student loan forgiveness
College classrooms around the country are celebrating as President Joe Biden announced Wednesday that current students will be eligible for $10,000 in federal student loan debt forgiveness. Though spe...
Here are the top 10 states where borrowers will benefit most from Biden’s loan forgiveness
President Joe Biden announced today that his administration will forgive up to $20,000 in student loan debt for federal borrowers. That debt relief will go a lot further in some states than in others....
What Biden’s reported student debt cancellation plan could mean for borrowers
The question on millions of student loan borrowers’ minds will likely be settled Wednesday, when the Biden administration is expected to announce broad-based student debt relief. Though borrowers wil...
With days to go until the student loan freeze ends, most borrowers have made zero payments
‘There’s going to be real trauma’: With days to go until the student loan freeze ends, most borrowers have made zero payments Burdened by almost $90,000 in federal and private studen...
‘Borrowers aren’t ready’ to resume payments, former FDIC chair says
The expiration of the forbearance pause on federal student loans is fast approaching on August 31 — an impending economic hardship for many borrowers, according to one expert. “Borrowers aren’t ...
Biden Reportedly Eyes $10,000 Debt Relief For Borrowers Under Income Threshold
Topline The Biden Administration could forgive $10,000 worth of student loan debt for Americans who earn less than $125,000 annually, CNN reported Monday, following months of deliberations and as a tw...