loans
By Ritika Jain A Delhi Court earlier this month pulled up the State Bank of India for trying to recover money from a dead person. The court was hearing the bank's plea seeking to recover dues amounting to more than Rs. 13.5 lakhs. However, the bank did not know the individual had died when it filed a suit against the person. Dismissing the bank’s plea, the court advised bank officials to access the national births and deaths database to first ascertain whether the individual they were seeking money from was alive or dead. The advice followed the bank’s admission that it mistakenly filed a suit...
BOOM Live
Washington (AFP) - After a three-and-a-half year pandemic-era pause, US federal student loans start accumulating interest again from Friday, with repayments set to cut the monthly take-home pay of millions of Americans by hundreds, and in some cases thousands, of dollars. Joe Biden campaigned for president on a pledge to forgive at least $10,000 in student loan debt for millions of Americans, and unveiled a $400 billion program to do just that after taking office. But on June 30, the US Supreme Court ruled that his administration had overstepped its authority, and struck down the student loan...
AFP
By Kaisar Andrabi Farheen*, a 27-year-old single mother with four children, is anxious about the car and personal loan she took for her children's education. Last month, she used up her small savings to make the monthly payment. Now, she's worried about not being able to pay this month because she has no income. Her troubles started when Urban Company, her employer, blocked her work ID for failing to maintain a demanding rating of 4.8 out of 5. Farheen believes the new rules for maintaining this rating are unreasonable and beyond her control. “I've been working at this job for three years, and...
BOOM Live
Washington (AFP) - The United States lost more than $200 billion to fraud from two schemes designed to help small businesses through the Covid-19 pandemic, according to a US government watchdog report. "We identified multiple schemes used by fraudsters to steal from the American taxpayer and exploit programs meant to help those in need," the Small Business Administration's (SBA) Office of Inspector General (OIG) said in a new report. The potentially fraudulent loans were disbursed through two Covid-19 programs, the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP)...
AFP
By Saurav Das Deepa*, a 40-year-old doctor from Delhi was horrified when she got a WhatsApp message of her face morphed into an obscene picture earlier this year. “It was a disconcerting experience,” she told Decode narrating her experience of receiving harassing calls and messages from a loan recovery agent. Apparently, her 2002 batchmate from school, Dilpreet Singh, had taken a loan and failed to pay. The recovery agent, from a bank he did not identify, claimed that she was the Dilpreet ‘guarantor’ and therefore must pay the default loan amount. “I didn’t even know this Dilpreet. We were onl...
BOOM Live
By Kaisar Andrabi For the past three days, Aakash Yadav, a 22-year-old resident of the Vasai area of Palghar Mumbai, has been desperately attempting to call the cyber helpline number 1930 to complaint about the harassment calls he has been getting. His calls went unanswered and all that he heard was an automated response: “Welcome to the cyber helpline number…” before the call dropped once again. On March 8, Yadav was checking his eligibility criteria to avail short-term loans. On Instagram, he stumbled upon an app - Financial Wallet. He clicked on the post which took him to Playstore from whe...
BOOM Live
By The Conversation President Joe Biden announced a program to provide student debt relief to millions of borrowers of federal loans. The plan would offer up to US$10,000 in forgiveness for people who earn less than $125,000 – $250,000 for couples – and up to $20,000 for Pell Grant recipients. Biden also extended the pause on repaying federal student loan debt through Dec. 31, 2022, and has proposed a cap on income that can be used to calculate how much borrowers repay through income-driven repayment. The Conversation asked three experts to explain the decision and its impact. Also Read: Why B...
BOOM Live
By Mohammed Kudrati A Facebook page promoting an Android app that supposedly gives out state-sanctioned loans of all kinds under the 'Pradhan Mantri Yojana Loan', is fraudulent as no such government loan scheme exists. Furthermore, the app is not linked to Government of India. The said Facebook page has multiples posts having the same image, app link and the same text appealing to customers to take the loan. It also uses the emblem of the Government of India to lend itself credence. The link to the app can be found here (only for the Android Play Store). Further, all posts say the following. T...
BOOM Live
In a space with 5.5 billion people, all your business ideas can become a reality. Within a few months, you can start selling products to customers in the United States, Germany, and most countries around the world. But while online businesses have a bigger reach, they also face issues that offline businesses face. Now, one of the biggest challenges your business can have is funding. Whether you’re just drawing your business plan or have 20,000 customers, you can have funding problems at any stage of your business. Rest assured, such a prevalent problem comes with many solutions. But how do you...
Due
Washington (AFP) - Nearly 40 million Americans will begin making payments on their student loans when a pandemic debt forbearance expires in May, and a Federal Reserve study warned Tuesday of an increase in delinquencies. Former president Donald Trump imposed a moratorium on repayments of some student loans when the Covid-19 pandemic began in March 2020, and his successor President Joe Biden extended it repeatedly, with its expiration now scheduled for May 1. A study from the New York Fed found that about two-thirds of borrowers were able to benefit from the moratorium, but for those who had t...
AFP
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら