By Leah Douglas (Reuters) – The U.S. Department of Agriculture has distributed over $2.1 billion to more than 39,000 farmers in economic distress through a loan relief program funded by the Inflation Reduction Act, the agency said. The relief comes as the government forecasts a sharp fall in U.S. farm income this year with many […]
(Reuters) -TD Bank Group reported a fall in first-quarter profit on Thursday as the Canadian lender set aside more funds to cover for souring loans. Elevated interest rates have raised the chances of more borrowers defaulting on their loan repayments in an uncertain economic environment, prompting lenders to set aside bigger rainy-day funds. Toronto-based TD […]
CULVER CITY, Calif. — After the Supreme Court struck down President Joe Biden’s plan to cancel billions of dollars in student loan debt, borrowers wondered how he would make good on his promise to tackle debt burdening millions of Americans. The answer: He would do it bit by bit. Biden on Wednesday canceled $1.2 billion […]
Feb. 21—MITCHELL — The loan amount that the city is seeking to take out to dredge Lake Mitchell was reduced to $16.8 million on Tuesday after the Mitchell City Council approved designating $4.6 million in funds for lake restoration work. After a fiery discussion that ignited debate about whether dredging the lake to correct the […]
US President Joe Biden has announced he is cancelling federal student loans for nearly 153,000 borrowers. Mr Biden, who is in the midst of a three-day campaign swing through California, made the announcement as part of a new repayment plan that offers a faster path to forgiveness, putting the spotlight on his debt cancellation efforts […]
Feb. 19—Whitefish is looking to implement a program that would assist businesses and other organizations make improvements to their property through loans. City Council on Tuesday will vote on whether to create a Commercial Property Assessed Capital Enhancement program. It would allow owners to apply for loans to make improvements to properties for water conservation, […]
(Bloomberg) — British Columbia’s government launched a program to accelerate the construction of thousands of affordable homes, backed with a C$2 billion ($1.5 billion) lending commitment and C$950 million in spending. Most Read from Bloomberg BC Premier David Eby said the new body will identify owners of low-cost land, bring them together with contractors and […]
Rep. Jasmine Crockett believes that voters “can find more common ground with Democrats” than with House Republicans. Democratic members of the U.S. House of Representatives held the “House Democrats 2024 Issues Conference” at the Lansdowne Resort in Leesburg, Va. last week. President Joe Biden and Vice President Kamala Harris were among a list of speakers […]
‘We’ll call that debt a stupid tax’: Florida woman says husband’s ‘horrible’ decision to buy an EV they couldn’t afford has them upside down over $20,000 on the auto loan. Dave Ramsey replies Ashley from Jacksonville, Florida, faces a financial dilemma due to a “horrible, horrible decision,” made by her husband. On an episode of […]
A new report has shown the value of car loans has increased by 39.6 per cent year-on-year. This is according to the Banking & Payments Federation Ireland (BPFI) Personal Loans Report for Q3 2023. The report shows th value of personal loan drawdowns reached a new high of €552 million in the same period, the […]
Feb. 4—Lenae Wilson read every word of her federal student loan contract. By the time she graduates from St. John’s College in 2025, Wilson said, she’ll have taken out between $20,000 and $25,000 in federal student loans, not including interest. Even for a Johnnie who already had an associate degree in business, Wilson said the […]