Tips to prevent scam ‘loan’ calls that could endanger you
Are you suddenly getting a flood of calls about loans you never asked for? You’re not the only one. There’s been a noticeable uptick in unsolicited scam calls from individuals pretending to be loan processing agents, requesting personal information and often promising significant amounts of money. It’s causing concern among many. Experts suggest this surge […]
Kuwait bank loan scam: State Crime Branch to investigate 12 cases involving Malayali nurses
Investigation into Malayan Nurse’s Loan Default in Kerala The state crime branch will investigate twelve cases related to a Malayan nurse who reportedly defaulted on a loan obtained from Al Ahli Bank in Kuwait. Justice K. Babu has ordered that these cases, which involve complaints from a bank representative, be reassigned from local police in […]
BMO announces it is completing its US restructuring and plans to start increasing loan growth.
Key insights: BMO Financial Group announced a profit of $1.82 billion for the first quarter of fiscal 2026. What’s going wrong: This robust profit brings BMO closer to its profitability targets: a 15% return on assets across all businesses and a 12% ROA for its U.S. banking operations. Expert quote: “The U.S. economy is set […]
Certain student loan borrowers can receive $2,000 payments — here’s what you should understand.
Borrowers with student loans may be eligible for payments of up to $2,000 as part of a $120 million settlement the Consumer Financial Protection Bureau (CFPB) reached with significant lenders. In 2024, the CFPB finalized an agreement with Navient after alleging that the Virginia-based loan servicer pressured students into expensive payment plans and didn’t inform […]
Trump Administration Reveals Biggest Energy Loan Ever to Enhance State Power Grids
Trump Administration Unveils Major Loan for Energy Grid Improvement On Wednesday, the Trump administration announced a substantial loan initiative aimed at enhancing and modernizing the energy grid in two states. This multi-billion-dollar package, totaling $26.5 billion, is financed by the Working Families Tax Cuts and Jobs Act. It is intended to support two subsidiaries of […]
World Bank secures $6 billion loan insurance to enhance its lending
The World Bank’s private sector division has finalized its largest agreement to date, allowing an insurance company to take on the credit risk of loans. This comes as development banks look to boost their capital amid declining public aid to poorer nations. On Tuesday, the International Finance Corporation (IFC) revealed a deal worth $6 billion […]
BB relaxes rules for loan rescheduling as default risks increase
A new directive has been issued by the Banking Regulatory Policy Department (BRPD). In an effort to support struggling industries, Bangladesh Bank has relaxed the conditions for loan rescheduling. Now, borrowers facing difficulties can prepay only half of the required down payment, which amounts to 2% of the loan balance, and can settle the remaining […]
Authorities Discover $9 Billion in Alleged SBA Loan Fraud in California Under Biden’s Leadership
Suspension of Borrowers in California Over Fraudulent Aid The U.S. Small Business Administration (SBA) has put a hold on over 111,000 borrowers in California as it aims to recover $8.6 billion linked to suspected fraudulent aid from the coronavirus pandemic. SBA Administrator Kelly Loeffler revealed this decision following her visit to San Diego, outlining the […]
We took out a temporary loan to purchase a new house before selling our old one.
When burglars Wendy and Craig Johnston decided it was time to downsize, they had to move quickly. They stumbled upon a four-bedroom bungalow near Dunfermline, Fife—a rare find, as such homes don’t often hit the market. Their main concern was that if they delayed selling their own house, they’d miss out, so they chose to […]
Is It Wise to Take Out a Loan for a New Car Now That You Can Deduct the Interest?
The One Big Beautiful Bill Act (OBBBA), which became law in the summer of 2025, introduced a provision allowing a deduction for auto loan interest. After OBBBA passed, I shared my thoughts on this in a recent post. Auto loan interest deduction You can deduct up to $10,000 in interest for your newly purchased car […]