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May 29th, 2008

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Banks step up Fed loans, investment firms scale back (AP via Yahoo! News)

The Federal Reserve's emergency loans to banks climbed to the highest level on record even as Wall Street investment companies scaled back their borrowing.

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If You Have Student Loans, Read This (TheStreet.com)

Rates are changing on education loans, some for the better -- but borrowers need to act at the right time.

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Pa. court: High-cost loans violated banking laws (AP via Yahoo! Finance)

The Pennsylvania Supreme Court ruled Thursday that payday loans that cost borrowers a $150 monthly fee plus 6 percent interest violate state consumer law.

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Fed to make fresh batch of bank loans (AP via Yahoo! News)

The Federal Reserve announced Thursday that it will make a fresh batch of short-term cash loans available to squeezed banks as part of an ongoing effort to ease stressed credit markets.

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Lender’s housing, auto loans go up by more than half (GMA News)

MANILA, Philippines - Housing, automobile, and personal loans lent by the United Coconut Planters Bank (UCPB) surged by more than half during the first four months of this year.

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60% cap on interest urged for payday loans (Toronto Star)

The committee charged with reviewing Ontario's Payday Loans Act has been asked to uphold the Criminal Code's usury cap of 60 per cent.

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TGK-8 to take out 3 loans from LUKoil (RosBusinessConsulting)

RBC, 29.05.2008, Astrakhan 11:38:01. The shareholders of TGK-8 approved during an extraordinary meeting on May 22 the signing of an agreement with LUKoil on securing several loans worth RUB 45bn (approx. USD 1.91bn), RUB 7.8bn (approx. USD 331m) and RUB 3.8bn (approx. USD 161m).

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