Student Loan Business: An Ethical Dilemma in the Credit CrunchBusiness reality & Greater GoodI really wonder where this line comes from... 'This is a situation where business reality outweighs the greater good' and exactly the 'wrong' attitude to take in these present times. HOW CAN business reality ever outweigh the...
NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it successfully completed the renewal of approximately $6 billion of facilities with multi-seller conduit providers that were scheduled to expire in the third quarter. In addition to the previously announced renewal...
WASHINGTON -- "Business Roundtable urges the swift passage of legislation to stabilize our financial markets. This necessary action would impact not only our financial institutions, but every American who will continue to be adversely affected by the deteriorating economy. Failure to act now will have widespread negative ramifications across the...
Payday lenders soon may find it more difficult to do business in Salt Lake City. City leaders are proposing changes to the zoning ordinance that would limit where check-cashing and payday loan companies can operate in the city. The proposal would require a half...
LOS ANGELES, Sept. 23 /PRNewswire/ -- Most college students worry about paying off their student loans -- while others use their loans to develop a business strategy in organizing the best events in town. In search of an alternative way to fund their college tuition, Giancarlo Pacheco,...
Did Wall Street greed get in the way of good judgment? Will history show the forced sales of Merrill Lynch & Co. Inc. and parts of Lehman Bros. Holdings Inc. to banks, and the government's bailout of one of the world's largest insurers, American International Group Inc., were wise decisions?...
FirstClose Signs Arizona State CU PHOENIX-Arizona State CU and First Close, a service of First Lenders Data Inc., said they have entered into a business relationship where ASCU will access multiple mortgage settlement services through a technology integration FirstClose developed with Appro by Equifax. ASCU will be...
There was a time when a small-business owner or an entrepreneurial soul with big dreams needed only to make connections with the supplier down the street, the marketing professional one town over, or vendors within a 100-mile radius to get a venture off of the ground. Times have certainly...
An article in Saturday's Inquirer about higher bridge tolls misstated the effect of a DRPA committee vote on senior citizen discounts. The restrictions on the discounts, rejected by the committee, would have limited seniors to one discounted bridge trip per day. An article in Saturday's Inquirer incorrectly identified the public...
New Promotion Gives Borrowers the Chance to Reduce Their Monthly Loan Payment by $50 and Win up to a $1,000 CD SAN FRANCISCO -- Zopa, the social finance pioneer, already offers the only loan that gives borrowers the power to reduce - even eliminate - their monthly payments....
Despite federal legislation passed in May thatwas designed to help the struggling student loan industry, cash-strappedlenders continue to drop out of the student loan business, leaving familiesthroughout the country scrambling to find a new student loan provider as6.7 million undergraduates prepare to head back to school. On the heels of...
NEW YORK -- Fitch's recently published Student Loan Report Card newsletter shows mixed grades for student loan ABS over the past six months. The credit performance of FFELP student loan transactions received high grades as few negative and numerous positive rating actions took place. At the same time, transactions that...
WASHINGTON -- Uncle Sam's bloated budget deficits -- should they persist -- could over time lead to higher interest rates on mortgages, car loans, student loans, business loans and other types of borrowing. The White House's budget office on Monday estimated that next year's budget deficit will...
Northstar Student Lender Sued LOS ANGELES–A class action lawsuit filed in U.S. District Court here alleges that Northstar Education Finance broke its contract with its student loan customers and raised their interest rates to generate extra revenues to cope with its financial difficulties, according to Kabateck Brown...
RESTON, Va. -- SLM Corporation (NYSE:SLM), commonly known as Sallie Mae, today reported second-quarter 2008 performance results that include strong growth in student loan originations by the company's internal lending brands and solid performance by the company's core student loan businesses. For the 2008 second quarter, "core earnings"...
The ongoing growth of peer-to-peer lending, which cuts out middlemen such as CUs, has now spread to student loans. Some credit unions have tempered the threat from one of the largest peer-to-peer lenders, Zopa, by pairing up with the online lender. But now a new player is emerging...
By Phil Anderson THE CAPITAL-JOURNAL Tears and laughter intermingled Tuesday morning as Topekans said goodbye to longtime community leader and philanthropist Grant Cushinberry, who died last week at age 86 at a local convalescent center. The "homecoming...
STAMFORD, Conn. -- The Student Loan Corporation SLC, a subsidiary of Citibank, N.A., announced today a restructuring in various functional areas. This action demonstrates an ongoing strategic focus and decisiveness in managing the franchise through severe market and economic conditions as well as federal policy changes. In...
By Phil Anderson THE CAPITAL-JOURNAL Tears and laughter intermingled Tuesday morning as Topekans said goodbye to longtime community leader and philanthropist Grant Cushinberry, who died last week at age 86 at a local convalescent center. The "homecoming...
New figures reveal public finance shortfall EXCLUSIVE The Chancellor is facing a 7.5bn black hole in his Budget for next year as a result of the economic downturn, an analysis of Treasury figures for The Independent has found. ...
Articles 2008-07-08
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