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New York Times

How the Fed Rate Increase Affects Your Mortgage, Car Loan and Credit Card Bill
New York Times
The Federal Reserve's decision to raise its benchmark interest rate on Wednesday, the fifth increase since the financial crisis, will probably reach beyond Wall Street and into most American homes. Anyone with a credit card will see a small but instant ...

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U.S. News & World Report (blog)

Potential Effects of PROSPER Act on Student Loans
U.S. News & World Report (blog)
Public Service Loan Forgiveness may go away if the PROSPER Act goes into effect. (Caiaimage/Robert Daly/Getty Images). The Higher Education Act of 1965 was first enacted to strengthen colleges' and universities' resources and give higher education ...

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USA TODAY

Bad loans lurk under 'Christmas' wrap
USA TODAY
Christmas loans are often simply payday loans, which carry hefty fees that translate into triple-digit interest rates. A $1,000 payday loan, for example, might include a $100 fee, which works out to an annual percentage rate of 261%. This type of loan ...
Payday loans lenders have odds in their favorMyDaytonDailyNews

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Forbes

The Perfect Storm For Small Business Loan Approvals In 2018
Forbes
A strong economy during President Trump's first year in office, combined with less restrictive regulation of the banking industry, and rising interest rates have created an atmosphere ripe for small business lending.

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URA will vote on loan for takeover of troubled properties
Pittsburgh Post-Gazette
The Pittsburgh Urban Redevelopment Authority is scheduled to vote Thursday on a half-million-dollar loan agreement with a nonprofit to purchase 140 units in the East End to preserve affordable housing and keep tenants from being displaced. The $500,000 ...



RollingStone.com

Latest Student Loan Debacle Is Ultimate Example of Trump's Campaign Con
RollingStone.com
"(C) In no event may the borrower recover amounts previously collected by the Secretary later than 3 years after the misconduct or breach of contract on behalf of the institution takes place that gives rise to the borrower to assert a defense to ...



WGRZ-TV

How a Fed rate hike could impact your auto loan
WGRZ-TV
In other words, don't expect auto loan rates to increase by the exact amount the Fed raises the federal funds rate target range. There are certain consumer interest rates that are directly tied to the federal funds rate, such as the variable rates on ...
Fed rate hike to drive up cost of borrowing on credit cards, other loansDetroit Free Press

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Loan extension amid holiday season gives Sears financial breathing ...
Chicago Tribune
Sears Holdings gained some breathing room amid the holiday shopping season with a pair of deals the retailer said will give it more financial flexibility.

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Governing

This Clean Energy Home Loan Program Has Problems. California's Trying to Fix Them.
Governing
A decade after California became ground zero for what is now one of the country's fastest-growing home loan programs, the state has passed unprecedented regulations to protect borrowers from deceptive financial practices. The program, property assessed ...



Sears buys more time to pay a $400M loan
Retail Dive
Sears has made more moves to open up liquidity in the near-term. The department store retailer announced in filings and a press release Tuesday that it had agreed with a group of lenders led by Bank of America to extend the due date of one of its loans ...

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