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UC credit card balances rise sharply, new data shows

Credit unions and other lenders saw sharp increases in credit card balances from April to May, another sign that consumer spending is rebounding after the pandemic. The Fed’s G-19 consumer credit report released Thursday showed credit unions held $ 60.6 billion in credit card debt in May. The total is still down 0.9% from the […]

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Repeal of “real lender” banking rule hurts those most in need of credit

President Biden recently signed a Congressional Review Act resolution repealing the “real lender” rule promulgated by the Office of the Comptroller of the Currency (OCC). He explained how the action would prevent loan sharks and online lenders from using partnerships with banks to bypass state interest rate caps. But it would be a huge surprise […]

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3 easy ways to cut spending as moratorium on evictions and unemployment benefits expires

With federal COVID-19 protections set to expire soon, you may be looking for an easy way to reduce your monthly spending. Refinancing your loans can save you money each month without having to change your spending habits. (iStock) The coronavirus pandemic has dealt an unforeseen blow to many industries, leaving Americans without jobs and wages. […]

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RCBC envisions integrated platform to simplify SME loan processing

RIZAL COMMERCIAL Banking Corp. (RCBC) seeks to create an end-to-end platform that will simplify loan processing for small and medium enterprises (SMEs). This platform will include features such as online application, loan processing and account management, where customers will be able to pay loans and benefit from the bank’s products and solutions, he said on […]

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Small Businesses Can Get IRS Cash Back to Offset Hiring Costs

A store advertises for employees, after restrictions on coronavirus disease (COVID-19) were lifted, in Santa Monica, Calif., On June 22, 2021. Lucy Nicholson | Reuters Small businesses across the country are struggling to keep their employees and attract new employees in a tight labor market that has given workers the edge. The latest non-farm payroll […]

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On fireworks, insurance, home loans easier for student loan borrowers

Happy July 3rd! Here are three real estate hot spots: on fireworks and home insurance; that it is easier for people with student loans to qualify for a mortgage; and over the billions of dollars (OK, just billions) of real estate in Oklahoma County. Home fireworks and insurance From Oklahoma Insurance Commissioner Glen Mulready, something […]

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Will Biden extend student loan forbearance again? This is what we know

Student loan debt is taking a heavy toll on borrowers as federal student loan payments are expected to resume in October 2021. Read on to find out if the payment break will be extended, and learn what to do with your student debt in the meantime. (iStock) Student loan borrowers have not had to repay […]

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Maxim Power Corp. Announces the EPC of the CCGT Milner 2 project

CALGARY, Alberta, June 30, 2021 (GLOBE NEWSWIRE) – Maxim Power Corp. (“MAXIM“or the”society“) (TSX: MXG) announced today that it is moving forward with the Company’s project to expand M2 into a combined cycle gas turbine (“CCGT”) through the installation of heat recovery technology. The CCGT expansion project is expected to increase total generation capacity from […]

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Familiar names enter legal tangle between Justice and his banker

When Governor Jim Justice and his family take on their longtime banker in court, the lawyer on the other side will be an old political enemy. Goodwin stand Charleston attorney Booth Goodwin, a former US attorney who ran against Justice for the Democratic nomination for governor in 2016, now represents Carter Bank & Trust. He […]

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India Used Car Loan Market Report 2021: Historical Data

Dublin, June 28, 2021 (GLOBE NEWSWIRE) – The “India used car loan market, by vehicle type (sedans, SUVs and sedans), by financier (banks, NBFC (non-bank finance companies) and OEM) , by percentage of Amount Sanctioned, By Tenure, By Region, Competition Forecast & Opportunities, FY2027F “has been added to the report ResearchAndMarkets.com offer. The Indian used […]