Tag Archives: repayment

Government repayment program failures ‘really inexcusable,’ top official says

Government repayment program failures ‘really inexcusable,’ top official says

A recent government watchdog report revealed stark failures in a student loan forgiveness program run by the federal government, and the country’s top student loan official says the findings were “really inexcusable” while reiterating a commitment to address the issue. The Government Accountability Office (GAO) report highlighted how an increasing number of student loan borrowers who could have their loans canceled under existing laws may miss out because of incompetence in the… Source link

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UPDATE 1-Russia’s Yandex warns of bond repayment and supply risks

(Adds detail) MOSCOW, March 4 (Reuters) – Russian internet giant Yandex on Friday warned that a trading suspension on its Nasdaq-listed shares could trigger a redemption right on a convertible bond that it does not have the resources to cover. Unprecedented Western sanctions over Moscow’s invasion of Ukraine have hammered Russia’s financial system and investors have dumped Russian assets from the rouble to bonds and stocks. Yandex said that a suspension of trading of its Class A shares on… Source link

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Russia’s Yandex warns of bond repayment and supply risks

MOSCOW, March 4 (Reuters) – Russian internet giant Yandex (YNDX.O) on Friday warned that a trading suspension on its Nasdaq-listed shares could trigger a redemption right on a convertible bond that it does not have the resources to cover. Unprecedented Western sanctions over Moscow’s invasion of Ukraine have hammered Russia’s financial system and investors have dumped Russian assets from the rouble to bonds and stocks. Yandex said that a suspension of trading of its Class A shares on Nasdaq of… Source link

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FOIA data reveals tons of ‘underwater borrowers’ ahead of repayment cliff

Federal data reveals that despite the interest-free payment pause allowing borrowers to find some breathing room during the pandemic, two-thirds of nearly 430,000 student loan borrowers were still “underwater” — meaning that they still haven’t been able to make a dent on their original balance. The data, obtained from the Education Department (ED) by the Center for Responsible Lending and the National Consumer Law Center (NCLC) through a freedom of information request (FOIA) and provided to… Source link

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Student loan expert calls repayment system ‘Frankenstein’s monster’ – Yahoo Finance

TipRanks Shift Into Hydrogen Could Lift These 3 Stocks Higher In a report on the alternative fuel market, analyst Rupert Merer, of National Bank of Canada, looks at the possibilities and potentialities of the hydrogen as both an energy resource and a commodity. At the heart of the matter, he writes, “Stakeholders across energy markets have reached the consensus that climate change is a problem and decarbonization of our energy supply mix will require a multifaceted approach which includes… Source link

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