Loans

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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Tight schedule to sort Boeing-Airbus

With the help of Gavin Bade Editor’s Note: Weekly Trade is a weekly version of POLITICO Pro’s daily trade policy bulletin, Morning Trade. POLITICO Pro is a policy intelligence platform that combines the news you need with tools you can use to take action on the biggest stories of the …

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Senate Passes Baldwin’s Law to End Student Debt Relief Scams

WISCONSIN – The US Senate has unanimously passed Senator Tammy Baldwin’s bipartisan legislation to end student debt relief scams. Many people struggle with student debt after graduating from college. However, students and borrowers also face scammers who claim to offer debt relief. That is why Senator Baldwin helped create legislation …

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How DIY Debt Relief Simplifies The Way To Finance

Los Angeles, Calif., December 2, 2020 (GLOBE NEWSWIRE) – “Debt” is an anxiety-provoking topic for most Americans. According to financial experts, about 80% of Americans have some form of consumer debt and $ 38,000 in debt, excluding mortgage debt. Unfortunately, financial literacy is not a widely covered topic in schools. …

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Poorest countries face tough choice on G20 debt relief plan

LONDON (Reuters) – The world’s poorest countries may soon be faced with a difficult decision: to double G20 debt relief with the warning that they must default on private creditors, or abandon the program for try to keep the financial markets aside. FILE PHOTO: A man stands next to a …

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Trump backs DeVos plan to limit student debt relief

But Trump said in a veto message that he was respecting DeVos’ rule because it would “protect students and taxpayers.” He said the policy would create “a fair process” that “will bring deserved relief to students aggrieved by their educational institutions.” This is the eighth time Trump has vetoed legislation …

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Good job, Biden. Now comes the hard part.

President Biden and his Democratic allies rise high after Congress past the vast COVID-19 relief and recovery package on Wednesday. And they deserve a victory lap, because the US bailout promises to trigger a broad economic recovery and achieves long-sought progressive goals, such as direct cash payments to parents. Despite …

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How to Negotiate Credit Card Debt

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. If you are someone who, as a result of the recent recession, is behind on credit card …

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Link Covid-19 Debt Relief to Transparency

Writer runs Africa programs at Freedom House The Covid-19 pandemic has sparked calls to postpone debt payments by low-income countries and ultimately to write off much of the debt entirely. Some 300 global legislators are request the World Bank and the IMF to cancel the debt now because dilatory payments …

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Polish woman’s quest for abortion exposes society in conflict

WARSAW (Reuters) – In April, amid a nationwide coronavirus lockdown in Poland, Katarzyna discovered that the baby she was carrying had a serious genetic condition and would likely die before birth or soon after. She immediately decided to terminate the pregnancy. When she finally did, five weeks later and after …

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IMF approves debt relief for 25 countries

The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to help them release funds to fight the Coronavirus pandemic. “This provides grants to our poorest and most vulnerable members to cover their debt obligations to the IMF during an initial phase over the next six …

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Kamala Harris Economic Priorities | Harris on tax breaks, stimulus checks

Michael A. McCoyGetty Images Before joining Joe Biden’s presidential campaign as the vice-presidential pick, Senator Kamala Harris pitched some big ideas on how to stimulate the economy. Her proposals as a presidential candidate offer a particular vision for an economy that protects low- and middle-income families, under-represented groups and the …

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G-20 summit ends with support for COVID-19 vaccines for all

DUBAI, United Arab Emirates (AP) – Leaders of the world’s most powerful countries concluded the Group of 20 summit on Sunday, pledging to spare no effort to protect lives and ensure affordable access to COVID-19 vaccines for all . The two-day summit of heads of state was held virtually due …

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Judge denounces Betsy DeVos for “potentially illegal” conduct

California federal judge issued scathing reprimand on US Secretary of Education on Monday Betsy DeVos, claiming that his department failed to process student loan cancellation requests and issued massive denials without proper review. “Following the preliminary approval of a proposed class rule intended to re-launch the Department of Education (DoE) …

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