Loans

BoT urges monitoring of debt servicing capacity

The Bank of Thailand requires financial institutions to monitor the debt service capacity of borrowers. (File photo from Bangkok Post) The Bank of Thailand is asking financial institutions to monitor the debt service capacity of borrowers as the second phase debt relief measure expires this month, the president of GH …

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NYC to Launch Taxi Driver Fund Using Federal COVID-19 Relief

New York City will launch a $ 65 million “relief fund” to help taxi drivers restructure their debt, Mayor Bill de Blasio said on Tuesday. The fund will offer “financially troubled” drivers a $ 20,000 zero-interest loan plus another $ 9,000 to restructure the debt on their medallions, which the …

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The Medallion back-up plan is not enough

NEW YORK – Richard Chow has participated in protests calling for debt relief for besieged taxi drivers since his brother, another taxi driver, committed suicide. The pair took out huge loans on the value of their taxi medallions before the taxi industry and medallion values ​​collapsed in the face of …

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