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...
Tag: Loans
President Joe Biden to Pardon Student Loans Up to $20,000
Senator Ben Sasse, Republican of Nebraska, said the plan “forces blue-collar workers to subsidize white-collar graduate students”. United States President Joe Biden made an important announcement on W...
White House Slams Republicans Who Criticized Student Debt Relief But Received PPP Loans
Topline The White House caused a stir on Twitter Thursday afternoon by calling out several Republican lawmakers who criticized President Joe Biden’s move to forgive up to $20,000 in student loan...
A millennial who paid off $100K in student loans just months before Biden announced forgiveness says the president should ‘forgive all of it’
There was no confetti. No congratulations or fanfare of any kind. No one cheered for Steve, a 36-year-old software engineer in Texas, when he woke up at 6 a.m. on March 15, 2022, and made his final st...
These student loans are not eligible for forgiveness
Not all student loans are eligible for forgiveness. / Credit: Getty Images/iStockphoto Federal student loan borrowers may be getting some relief soon, as President Biden outlines his official plan to ...
Larry Summers Opposes Full Student-Loan Forgiveness
President Joe Biden will likely announce soon the fate of student debt, as the current pause in federal student-loan payments is set to expire Sept. 1. About 45 million people owe approximately $1.7 t...
Australian bank to scrap loans for new diesel and gasoline cars
Cars and buses in Sydney, Australia, on Monday, May 25, 2020. Authorities in the country are looking to set up a National Electric Vehicle Strategy. Brendon Thorne | Bloomberg | Getty Images An Austra...
China Opens Probe on Banks as New Loans Collapse – Trustnodes
China has opened an investigation into the banking sector to determine its exposure to the crashing property market which has fallen another 7% in June. “The China Banking and Insurance Regulatory Com...
SPELL up as Binance Loans adds token to collateral assets
Spell (SPELL/USD) is up more than 12% in the past 24 hours to currently trade at $0.0016. The gains have pushed the SPELL token up by 54% this past two weeks, and +46% in the past 30 days. SPELL, whic...
Republicans Unveil Bill To Rein In Federal Student Loans
UNITED STATES – MARCH 25: Rep. Virginia Foxx, R-N.C., speaks at a news conference in the Capitol … [+] Visitor Center in support of the plaintiffs in the Sebelius v. Hobby Lobby Stores cas...
Genesis Active Loans Dropped 66% in Q2
Genesis’ loans outstanding dropped from $14.6 billion in the first quarter to $4.9 billion in the second quarter The firm’s custody business processed its highest number of quarterly transactions, an ...
Is Your Credit Score Affected by Crypto Loans?
Despite being widely used and rapidly entering the norm, cryptocurrency loans continue to perplexmany people. Reading a Figure crypto-backed loans review can help you better understand why this new te...
I’m the chief economist of a mortgage firm that has funded more than $100 billion in loans. These are 3 things to know about the housing market now.
Cameron Findlay As home prices and mortgage rates march upwards, and housing inventory remains seriously constrained, many buyers are wondering: Should I buy? And if I want to buy, what do I need to k...
Bombshell Report Reveals Student Loans Cost More Than Anyone Thought
Getty getty In most cases, determining the cost of a government program is simple: add up what the Treasury spends and subtract any revenues the program generate. Not so with federal student loans. Fi...
DeFi Lender Moves To Tokenize Real-world Loans On-chain
Traditional invoice financing helps businesses borrow money from reputable insurers against money owed by customers This new partnership will allow invoices to be tokenized on the blockchain Decentral...
BlockFi has $1.8 Billion in outstanding Loans To The Clients –
BlockFi has shared its quarterly transparent financial report The company has almost $1.8 billion of outstanding loans 50% of $1.8 billion was capable of returning because of the clients A report of ...
BlockFi Claims Having $1.8B in Outstanding Loans in Q2
The hobbled crypto lender released a transparency report for the quarter, which detailed its financial position amid the turmoil. In addition to $1.8 billion in outstanding loans, BlockFi’s net exposu...
BlockFi Had $600 Million in Crypto Loans Not Covered by Collateral in Q2
Crypto lending platform BlockFi held “loan exposure” totaling $600 million by the end of June, according to the company’s “Q2 2022 Transparency Report,” released on Friday. The report showed BlockFi h...
BlockFi had $1.8B in outstanding loans in Q2: Report
Centralized crypto lender BlockFi disclosed that as of the end of Q2, it had $1.8 billion in outstanding loans from institutional and retail investors and $600 million in “net exposure.” The disclosur...
Crypto Lender BlockFi Had $1.8B in Open Loans at End of June and $600M of Exposure
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BlockFi Posts Q2 Report, Reveals $1.8B in Outstanding Loans
Crypto lending platform BlockFi provided crucial insight into its loans, credit, and liquidity position in its “Q2 2022 Transparency Report”. Centralized crypto lender BlockFi revealed that it ended Q...
BlockFi has $1.8B in outstanding loans, $600M of which are uncollateralized
Liquidity issues in the crypto market have forced some of the larger companies in the space to post transparency reports addressing the ongoing crisis. BlockFi, a centralized crypto lender, published ...
Crypto Mortgage Company Has Given Out $10 Million in Loans Since April
Crypto Mortgage company Milo Credit is offering global crypto users access to financial solutions outside of traditional finance. Despite the crypto winter, crypto life seems to be powering on. Milo C...
Genesis Gave Nearly $2.50 Billion Loans To Three Arrows Capital
After revealing that Genesis liquidated positions in Three Arrows Capital (3AC) earlier, the exact amount of loss is now revealed. Crypto lender Genesis is said to have lent Three Arrows Capital a loa...
TrueFi Announces First Non-Stablecoin Portfolio: Granting Loans To Its Clients
TrustToken, the stablecoin platform, and originator of the unsecured lending protocol TrueFi announced today a new partnership with WOO X, a zero-fee digital asset trading platform established by Kron...
Half Of Americans Support Biden Forgiving $10,000 In Student Loans, Poll Finds
Topline A new poll shows 51% of Americans support the idea of President Joe Biden canceling $10,000 of student loan debt for each borrower, illustrating how split the public is regarding one of the pr...
BlockFi Winds Down Loans Backed by GBTC Stock, CEO Says
BlockFi “directly holds zero GBTC,” CEO Zac Prince said The lender suffered an $80 million loss from exposure to Three Arrows Capital Cryptocurrency lender BlockFi currently has no positions in the Gr...
DeFi protocol TrueFi launches first non-stablecoin portfolio, with loans managed by WOO X » CryptoNinjas
TrustToken, the stablecoin platform and creator of unsecured lending protocol TrueFi, today announced a new collaboration with WOO X, a zero-fee digital asset trading platform incubated by Kronos Rese...
Troubled Crypto Lender Celsius Repays $113 Million of Loans, Can It Avoid Bankruptcy?
Troubled crypto lender Celsius has been trying every bit to repay pending loans. As per Bloomberg, Celsius repaid an additional $113 million of loan on Monday, July 11. On Monday, Celsius repaid $78 m...
Crypto Exchange Blockchain.com Faces $270M Loss on 3AC Loans – crypto.news
Blockchain.com has lost $270 million to Three Arrows Capital, according to a letter sent to shareholders two weeks ago. The firm’s CEO reassured clients that they would suffer no repercussions from th...