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Sen. Elizabeth Warren wants student loans to get Fed discount rate
WASHINGTON -- Students taking out government loans to help pay for college should pay the same rock-bottom interest rate that the Federal Reserve charges big banks, Sen. Elizabeth Warren (D-Mass.) proposed Wednesday. With the interest rate on federal...
Tags: Federal Reserve, Finance, Elizabeth Warren, Economy, Business and Finance, Money and Monetary Policy
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BRIEF-J C Penney up 3.6 percent premarket after $1.75 billion term loan deal
ReutersNEW YORK, April 29 (Reuters) - J C Penney Company Inc : * Up 3.6 percent to $17.61 in premarket after $1.75 billion term loan agreement with Goldman Sachs Bank USATags: Goldman Sachs Group, Inc., Credit and Debt
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Veterans group complicates things for loan bill
It's funny how the vibe around a piece of legislation can change. Several weeks ago, a bill that would let consumer lenders increase the cost of borrowing was, politically speaking, not especially dicey. The groups that opposed it — Progress...
Tags: Credit and Debt, Jacksonville (Duval, Florida), NAACP, Consumers, Don Gaetz
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U.S. consumer protection bureau calls for student loan solutions
ReutersWASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau warned on Wednesday that the economy will soon feel the effects of surging student loan debt unless steps are taken to ease the burden on existing borrowers. The agency, charged with...Tags: Federal Reserve, Finance, Financial Markets, Economy, Business and Finance, U.S. Consumer Financial Protection Bureau
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College is a bad financial bet for some, study says
College can be a bad financial investment, and a fair number of people actually should not go to college, according to a new study. Higher education remains a smart financial choice for most people, especially those who attend selective colleges and get...
Tags: Finance, Teaching and Learning, Economy, Business and Finance, Education, Students
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Higher One Buys Financial Business From Sallie Mae
The Hartford CourantHigher One, the New Haven-based educational financial services firm, has acquired the Campus Solutions business of Sallie Mae in a $47.25 million deal that boosts the company's offerings to schools and students. The business from Sallie Mae, the...Tags: Financial and Business Services, Teaching and Learning, SLM Corporation, Education, Students
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German real estate group IVG mulls debt-equity swap -sources
ReutersFRANKFURT, May 6 (Reuters) - German property company IVG Immobilien is considering swapping part of its debt for equity in a move to restructure its liabilities piled up in a daring expansion spree, four people familiar with the situation said. IVG had... -
REFILE-German real estate group IVG mulls debt-equity swap -sources
ReutersFRANKFURT, May 7 (Reuters) - German property company IVG Immobilien is considering swapping part of its debt for equity in a move to restructure its liabilities piled up in a daring expansion spree, four people familiar with the situation said. IVG had... -
Few Residents Attend Avon Budget Hearing
The Hartford CourantThe $81.76 million budget proposed for the next fiscal year drew little interest from residents Monday, even though it would increase both spending and taxes. Residents could express their opinion on the budget at the annual budget meeting Monday. A...Tags: Budgets and Budgeting, Credit and Debt, Referenda, Politics, Local Government
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Consumer credit posts smallest gain in eight months
ReutersWASHINGTON (Reuters) - Consumer credit recorded its smallest increase in eight months in March, a possible hint that Americans are still trying to pare their debts. Consumer installment credit rose by $7.97 billion to $2.81 trillion, the Federal...Tags: Federal Reserve, Credit and Debt, BNP Paribas, Consumers
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Special Report: Subprime bond bounces back, leaving behind a subprime borrower
ReutersWOLFEBORO, New Hampshire (Reuters) - During the crazy days of the housing bubble in 2006, bankers created a bond called MABS 2006-FRE1. The instrument gave buyers the right to payments on the subprime housing loans of nearly 2,000 borrowers, including...Tags: Foreign Exchange Market, UBS AG, Bonds, Lifestyle and Leisure, Politics
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UK government may sell $62 billion student loan book: report
ReutersLONDON (Reuters) - Britain's government is considering whether to sell its 40 billion pound ($62 billion) student loan book as part of a series of privatizations that includes selling off the Royal Mail Group , the Sunday Times newspaper said. The...Tags: United Kingdom, Privatization, Government, Politics, Company Privatization
May 8, 2013
|Story| Los Angeles Times
Apr 29, 2013
|Story| Reuters
Apr 28, 2013
|Column| Orlando Sentinel
May 8, 2013
|Story| Reuters
May 8, 2013
|Story| Los Angeles Times
May 7, 2013
|Story| Hartford Courant
May 7, 2013
|Story| Reuters
May 7, 2013
|Story| Reuters
May 7, 2013
|Story| Hartford Courant
May 7, 2013
|Story| Reuters
May 7, 2013
|Story| Reuters
May 5, 2013
|Story| Reuters
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