Financial

Wells Fargo, BofA, among banks under investigation for PPP loans – Orange County Register

By Laura Davison and Mark Niquette, Bloomberg House panel overseeing coronavirus response launches inquiries into how several banks, including JPMorgan Chase, Bank of America, Wells Fargo & Co and Citigroup Inc., made decisions on how to implement loans to small businesses under the government’s paycheck protection program. The inquiries, launched …

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2 in 4 Chinese detained for operating an instant loan app: Chennai police

Chennai: Two Chinese nationals and as many Indian nationals have been arrested for allegedly operating instant loan applications, police said on Saturday. The investigation, based on a complaint here, found that the main defendant was operating from China, police said. The two Indians operated the call center from Bangalore and …

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What does the 3-month moratorium on IMEs mean?

A video explaining the three-month moratorium on IMEs and its impact on customers The RBI took action to counter economic fallout of the coronavirus pandemic. The key the interest rate has been reduced strongly 75 bp. The repo rate was also lowered by 90 basis points to 4%. A higher …

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Small business loan helps save jobs at Whittier restaurant

WHITTIER, Calif .– Growing up in the restaurant business, Annette Wren learned the main ingredient to success: hard work. “Busy nights, weekends. It was always full time. It still is, every day,” Wren said. “We are open seven days a week.” She is co-owner of Italian restaurant Lascari, a long-time …

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What Happens When You Have Debt Collection?

Collections can impact your finances and your credit rating, find out how. (iStock) When you stop paying off your debt, whether it’s a credit card, student loan, car bill, mortgage or even a medical bill – you run the risk of that debt going straight to collection. This means the …

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Denver Facing Unprecedented Homelessness Moves Forward With Affordable Family-Size Housing With 3 New Projects

Three new affordable housing projects – including a stack of family-sized units – are set to begin construction in Denver this fall as the city faces rising unemployment and a homeless crisis. shelter. The three projects, which stretch from southwest Denver to the city’s far north, received initial loan approval …

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Open Mortgage Removes Facebook Advertising As Part Of “Stop Hate For Profit” Campaign

Wednesday, the reverse mortgage lender Open mortgage undertook to suspend his Facebook advertisement for the month of July in solidarity with the Stop hate for profit campaign. The multi-channel mortgage lender said in a press release Let him stick with the campaign created in response to the social media company’s …

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SeedFi Donates $ 65 Million to Help Americans Create Credit and Savings – Crunchbase News

Saving and building credit are two of the most difficult challenges for a majority of Americans. In fact, statistics show that 69% of Americans have less than $ 1,000 in savings, while 61 percent exhausted his emergency savings at the end of last year. Subscribe to Daily crunchbase “I grew …

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My grandfather gave me $ 150,000 in stock and $ 20,000 to buy a car, but my family is interfering in my life. Should I return it?

The week I received my learner’s permit in the mail. My grandfather gave me a very generous option to take $ 20,000 as a gift for my first car, or save some money and buy one myself. There was one exception though: the $ 20,000 meant I had to pay …

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Congress provides additional funding and guidelines for P3s

Tuesday, December 29, 2020 On December 27, 2020, President Trump enacted the latest COVID-19 relief plan, providing $ 900 billion in much needed assistance to individuals and businesses during the ongoing coronavirus pandemic. A crucial part of this overdue legislation is the amount of more than $ 284 billion allocated …

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