Expert suggests student loans shifting to Treasury indicates ED shutdown is near.
Department of Education Moves Closer to Closure The Department of Education (ED) is getting closer to significant changes. Recently, the Trump administration made an announcement about a new interagency agreement between the ED and the Treasury Department. This agreement will allow the Treasury to take over student lending operations, specifically managing the collection of defaulted […]
This tax season introduces a new deduction for interest paid on car loans.
This tax season introduces a new deduction that might catch some people’s attention. Starting in 2025, those purchasing a new car could deduct the interest on their auto loans in certain situations. It’s, um, interesting for many buyers, I think. The creation of this credit comes from the One Big Beautiful Bill Act, which also […]
Banks can now secure guarantees for loans to foreign companies without needing BB approval.
The scheme pertains exclusively to foreign banks with satisfactory credit ratings from well-known international rating agencies. Commercial banks in Bangladesh can now secure guarantees from foreign banks without needing approval from the Bangladesh Bank when lending to foreign firms in the country. However, this opportunity is limited to foreign banks that hold favorable credit ratings. […]
Coinbase’s Crypto-Backed Loans Reach All-Time High in Liquidations as Bitcoin and Ethereum Drop
Simply put This week, numerous Coinbase users faced significant losses due to issues with crypto-backed loans. The exchange saw $170 million in liquidations this past week alone. These are the largest losses recorded since the product’s launch a year ago. As Bitcoin and Ethereum prices decline, Coinbase customers are feeling the impact, with many experiencing […]
Credit Bank of Moscow Reports Unusual Loss Due to Increase in Bad Loans
Moscow Credit Bank Posts First Loss Among Russia’s Top 10 Banks A bank closely linked to Rosneft, a major player in the oil industry, has made headlines as the first in Russia’s top 10 banks by assets to report a net loss, highlighting escalating issues within the banking sector. Moscow Credit Bank (MKB), noted as […]
Banks look for fresh investors for Oracle data center loans
Banks are actively seeking investors, including insurance firms and private credit funds, to offload billions in loans connected to Oracle’s extensive data center initiatives. Reports suggest that there are around $56 billion in construction loans linked to data centers, rated as investment grade due to future leases associated with a significant $300 billion agreement with […]
Trump Administration Halts Small Business Loans to Foreign Nationals
Update on Citizenship and Residency Requirements A recent memo outlines changes regarding citizenship and residency requirements, emphasizing some important updates. As part of this development, the Small Business Administration (SBA) has decided to pause the 8(a) firms program for over a thousand applicants following a document request in December. This decision has raised questions and […]
Investigation into Planned Parenthood’s $88M taxpayer-funded loans announced by Vance at March for Life
Vice President Vance at the March for Life Vice President J.D. Vance participated in the 2026 March for Life in Washington, D.C., on Friday, where he revealed that the Trump administration has begun an investigation into Planned Parenthood organizations. Upon taking the stage, the crowd began chanting “JD.” Vance reflected on how his initial speech […]
Trump Administration Examines $88M in Pandemic Loans to Planned Parenthood
The Small Business Administration (SBA) is looking into whether affiliates of Planned Parenthood improperly received $88 million in Paycheck Protection Program (PPP) loans during the COVID-19 pandemic. “During the peak of the pandemic, Planned Parenthood affiliates received $88 million in taxpayer funding for on-demand abortion services, and the Biden administration made sure that almost all […]
Major US banks see increased profits as more borrowers look for loans.
US Banks See Profit Growth But Face Challenges Ahead NEW YORK, Jan 14 – Major banks in the U.S. reported increased profits in the fourth quarter, largely driven by higher borrower demand, hinting that the economy remains stable, which is a good sign for lenders’ future earnings. Bank of America noted an 8% rise in […]