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Reuters

LPC: Sports Direct launches £700m loan refinancing
Reuters
LONDON (Reuters) - Mike Ashley's British sporting goods retailer Sports Direct International (SPD.L) has launched syndication of a £700m (US$950.67m) plus loan refinancing, a senior loan banker said on Wednesday. The loan, which is not underwritten, ...

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TechCrunch

Ripio Credit Network launches, aiming to attack bank loan fees in ...
TechCrunch
Ripio Credit (formerly BitPagos), the project that reached the finals at last year's TechCrunch Disrupt Battlefield in New York, is about to launch its new..

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BethesdaMagazine.com

Rockville Man Posed as Loan Officer To Steal Nearly Half a Million Dollars in Fraud Scheme
BethesdaMagazine.com
A Rockville man who posed as a loan officer to steal about $500,000 from three people—and also falsely claimed to be a sushi chef—was sentenced to 39 months in prison, the federal justice department announced Tuesday. Se Chang Moon, who also goes ...



MarketWatch

Toys 'R' Us bankruptcy could push retail loan default rate past 10% by year-end: Fitch
MarketWatch
Toys “R” Us Inc.'s bankruptcy filing moves the retail loan default rate past 7% and could drive it past the 10% mark by year-end, according to the latest Fitch Ratings data. The loan default rate was more than 5% in July and August, according to Fitch ...
Toys 'R' Us to Tap Bankruptcy Loan Ahead of Holiday SeasonWall Street Journal (subscription)
toys“r”us, inc. commences court-supervised processes to implement financial restructuringToys“R”Us, Inc.

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wnep.com

Hazleton Approved for Act 47 Loan
wnep.com
Scranton is another city in our area that has been declared financially distressed. It has held that status for the last 25 years, which has included significant tax increases for citizens. Mayor Cusat said the loan will help the city make its budget ...



New York Times

Student Loan Creditor, Fined for 'False' Lawsuits, Must Halt Collections
New York Times
One of the nation's largest holders of private student-loan debt must refund millions of dollars to borrowers and temporarily stop many of its collection activities, under a settlement with federal regulators announced on Monday. The creditor, the ...
Loan creditor fined $19M for suing students with 'false' legal documentsUSA TODAY
Student loan companies reach $21.6 million settlement over dubious debt collection lawsuitsWashington Post
U.S. cracks down on debt collection of private student loans - ReutersReuters
MarketWatch -The Denver Post -CNNMoney
all 17 news articles »


Forbes

High Anxiety As First Student Loan Forgiveness Program 'Graduates' Await Relief This October
Forbes
The first wave of college graduates who were accepted into the Public Service Loan Forgiveness Program 10 years ago and made their payments faithfully each month are eagerly waiting to find out this October whether their debt is wiped clean, as promised.




Madison.com

Tammy Baldwin pushes Congress to extend Perkins Loan program, with deadline looming
Madison.com
U.S. Sen. Tammy Baldwin is realistic about the prospects for passing a bill by the end of the month to extend the Perkins Loan program, which provides subsidized loans to low-income college students, including $14 million worth of aid at UW-Madison.

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