October 2017

VCs take on Wall Street with new credit card offerings – PitchBook News & Analysis

PitchBook News & AnalysisVCs take on Wall Street with new credit card offeringsPitchBook News & AnalysisIn partnership with Barclays and Visa, the ridehailing giant launched its own credit card last week. Applications for the card open on Thursday. Amenities include 4% cash back on dining—yes, that includes UberEATS—and 2% cash back on online …and more …read more

Source:: Credit Card Debt

      

Report: Wisconsin students owe $24 billion in college loan debt – WKOW

WKOWReport: Wisconsin students owe $24 billion in college loan debtWKOWIn their recently released “Snapshot on Student Debt” the Consumer Financial Protection Bureau, based on consumer information compiled by the Federal Reserve Bank of New York, pegged Wisconsin borrowers’ share of the $1.4 trillion plus student loan … …read more

Source:: Student Loans

      

What is a ‘yo-yo debtor’? And why is it a problem? – WBTV

WBTVWhat is a ‘yo-yo debtor’? And why is it a problem?WBTVAnd, while financial experts say yo-yo debt impacts all ages, a recent survey shows nearly a third of millennials have maxed out a credit card. Experts say some of the younger set just don’t understand how credit works. “That doesn’t mean that they’re … …read more

Source:: Credit Card Debt

      

Union County top-5 in mortgage refinance savings – The Enquirer-Journal

Union County top-5 in mortgage refinance savingsThe Enquirer-JournalSmartAsset’s study — which gathered information for 12 months starting in the summer of 2016 — compared the total amount saved by refinancing to the number of refinanced loans in each of North Carolina’s counties. The analysis evaluated where the … …read more

Source:: Mortgage Refinance

      

Report Shows Wisconsin’s Share of $1.4 Trillion in US Student Loan Debt Tops $24 Billion – urbanmilwaukee (press release)

urbanmilwaukee (press release)Report Shows Wisconsin’s Share of $1.4 Trillion in US Student Loan Debt Tops $24 Billionurbanmilwaukee (press release)MADISON, Wis. — Twenty four billion. Sixty-two. Seventy-nine. These numbers are the amount of student debt in Wisconsin, according to new figures from the Consumer Financial Protection Bureau (CFPB), the percentage increase in student loan debt … …read more

Source:: Student Loans

      

UK government revives landmark student debt sale – Financial Times

Financial TimesUK government revives landmark student debt saleFinancial TimesThe UK government will resume its largest sale of student loans to private investors, having temporarily halted the auction before the June general election. Universities minister Jo Johnson announced on Tuesday a resumption of the sale of £3.7bn-worth … …read more

Source:: Student Loans

      

Credit Card Debt, Personal Loans Spike On Festive Demand – BloombergQuint

Credit Card Debt, Personal Loans Spike On Festive DemandBloombergQuintOutstanding credit card loans jumped 39 percent year-on-year to Rs 59,900 crore in September, while other personal loans rose 37 percent to Rs 4.47 lakh crore, according to monthly data released by the Reserve Bank of India. Overall retail loans rose … …read more

Source:: Credit Card Debt

      

Student debt is so terrifying, it’s now the subject of a John Grisham thriller – Quartz

QuartzStudent debt is so terrifying, it’s now the subject of a John Grisham thrillerQuartzStudent debt is so terrifying, it’s now the subject of a John Grisham thriller … “Something is wrong” with America, says JPMorgan Chase CEO Jamie Dimon, referring to its enormous pile of student debt. Economists and educators agree. Novelist John … …read more

Source:: Student Loans

      

State Regulators: Let Us Handle the Student Loan Industry – LendEDU News

LendEDU NewsState Regulators: Let Us Handle the Student Loan IndustryLendEDU NewsWith student loan debt consistently in the news, it should not be surprising to hear about yet another controversy. Several companies in the US student loan industry attempted to dodge state regulations by appealing to the federal government. This move …Student-loan fraud victims pay some in US proposalArkansas Onlineall 14 news articles …read more

Source:: Student Loans

      

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