How Trump’s significant proposal might resolve the student loan crisis
When Congress approved the “big, beautiful bill” from President Trump back in July, one major change was somewhat overlooked. This new legislation proposes a series of changes aimed at improving the federal student loan system, which has had its fair share of problems. Essentially, it aims to make federal student loans less burdensome and more […]
Kenyan bank employees will no longer benefit from lower loan rates due to the new CBK pricing model.
Central Bank of Kenya Stands Firm on Borrowing Terms The Central Bank of Kenya (CBK) has decisively turned down proposals to modify preferred borrowing terms that currently benefit bank employees. This decision means that many insiders, who have enjoyed lower interest rates on loans compared to average customers, will now face increased borrowing costs. According […]
Court lifts redlining order against Ameris Bank after allegations of loan discrimination against minority residents in Jacksonville
Jacksonville Initiates End of Redlining Case Jacksonville, Florida. – Following the announcement by U.S. Attorney General Merrick Garland regarding a settlement with US Bank linked to redlining claims, a federal judge has concluded the consent order in the case. Recent reports highlight this development. Related | Ameris Bank faced accusations of redlining, which involved denying […]
SBA Administrator Kelly Loeffler and Senator Joni Ernst Applaud Guilty Plea of SBA Official in $500K COVID Loan Fraud Case
SBA Administrator Kelly Loeffler and Sen. Joni Ernst (R-IA) expressed support for a guilty plea from a former SBA loan officer involved in fraudulent loan approvals exceeding $500,000 for herself and family members. The Department of Justice (DOJ) announced that former SBA loan officer Lena Barrett pleaded guilty on August 11 to submitting false statements […]
Fewer than half of student loan borrowers are up to date on $1.6 trillion in debt
Fewer than half of student loan borrowers are finding it difficult to afford homes and groceries, even as they manage a staggering $1.6 trillion in debt. Currently, only 38% of the 42.7 million borrowers in the U.S. are up to date on their repayments. This situation has persisted since the Covid-19 pandemic, despite five years […]
A Comprehensive Bill: How the new tax law affects Social Security, overtime pay, car loan interest, and 529 plans
New Tax Law “One Big Beautiful Bill” Brings Changes A substantial tax law known as “One Big Beautiful Bill” (OB3) is instigating significant shifts within the US tax system. Tax experts are advising individuals to closely review the details of this nearly 900-page legislation, which was recently signed into law. The bill includes various provisions […]
Student loan defaults increase significantly after the pandemic break concludes
Rising Student Loan Delinquency Rates Panelists Caroline Downey and Cage Sawyer recently discussed a troubling trend: student loan delinquencies are reaching new highs, while many current and future college students are doubting whether their degrees will justify the costs. This Tuesday, the Federal Reserve Bank of New York highlighted the increase in delinquent student loans […]
Commercial Bank and Trust introduces new vice president, loan officer, and branch manager at North Highland office.
Ashley Burns Joins CBTC as Vice President Jackson, Tennessee, August 4, 2025 – Commercial Bank and Trust Company (CBTC) has welcomed Ashley Burns as the new Vice President and Loan Officer at its North Highlands office. In her new position, Burns is set to foster and strengthen relationships with both new and current clients, aiming […]
GOP Lawmakers Demand Accountability from Energy Department for Biden’s Green Loan Program
Concerns Raised Over Energy Department’s Loan Activities Several Republican lawmakers have called on the Department of Energy (DOE) to clarify its actions under the Biden administration. Representatives Rich McCormick from Georgia and Randy Weber from Texas, along with other GOP lawmakers, sent a letter to the DOE’s deputy inspector and deputy secretary on Wednesday. They […]
Ivy League University Secures Extra $500 Million Loan Amid Federal Uncertainty
Brown University Secures Additional Financing Amid Controversies Brown University recently secured a significant $500 million loan, marking its second multi-million-dollar borrowing in just four months. This comes after the Trump administration’s controversial use of diversity, equity, and inclusion (DEI) initiatives, which included withholding a $510 million federal grant from schools that were deemed to be […]