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June 2009

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Virginia considering regulating car title loans (Richmond Times-Dispatch)

Virginia is considering putting the brakes on the repo man, but there’s disagreement on how to do it. A General Assembly panel yesterday opened hearings on a possible clampdown on car-title loans, under which borrowers—often with poor credit histories—use their cars as collateral and lose them if they fail to repay. The industry, which typically charges 300 percent to 350 percent in annual ...

Written by Yahoo! News Search Results for loans on June 30th, 2009 with no comments.
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IMF boosts Belarus loans to 3.5 billion dollars (AFP via Yahoo! News)

The IMF has said it had increased by one billion dollars its assistance to Belarus to help it weather the greater than expected impact of the financial crisis, bringing the country's total loans to 3.5 billion dollars.

Written by Yahoo! News Search Results for loans on June 29th, 2009 with no comments.
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China New Loans in June May Exceed 1 Trillion Yuan, News Reports (Bloomberg)

June 30 (Bloomberg) -- China's new loans in June may exceed 1 trillion yuan, China Business News reported today, without citing anyone.

Written by Yahoo! News Search Results for loans on June 29th, 2009 with no comments.
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Modest earners may get help repaying student loans (Chicago Sun-Times)

Repaying a student loan could soon be a little less painful. Starting this week, anyone with a federal student loan can apply for a program, run by the Department of Education, that caps monthly payments based on income and forgives remaining balances after 25 years. Those choosing to work in public service could have their loans forgiven after just 10 years. Eligibility for income-based ...

Written by Yahoo! News Search Results for loans on June 29th, 2009 with no comments.
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(AFX UK Focus) 2009-06-29 09:10 Credit crunch will ease due to ECB loans-Kranjec (Interactive Investor)

LJUBLJANA, June 29 (Reuters) - The European Central Bank Governing Council member Marko Kranjec said the credit crunch will definitely ease after the bank held its first one-year liquidity auction last week, a Slovene daily reported on Monday. "This should, in normal circumstances, be enough to ensure short-term funds for loans for the permanent working capital. The credit crunch ... will ...

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Interest-free business loans available (The Warwick Advertiser)

Washington, D.C. - Hudson Valley small businesses may be eligible for interest-free loans under a new program created by the American Recovery and Reinvestment Act.

Written by Yahoo! News Search Results for loans on June 29th, 2009 with no comments.
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Slow start to SBA emergency bridge loans (BizJournals)

The Small Business Administration approved only 72 America’s Recovery Capital loans in the new emergency bridge loan program’s first week of operation.

Written by Yahoo! News Search Results for loans on June 29th, 2009 with no comments.
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Maryland banks balk at SBA’s new bridge loans (BizJournals)

No loans have been made in Maryland through a stimulus package-backed program expected to see aggressive demand from companies in financial trouble.

Written by Yahoo! News Search Results for loans on June 29th, 2009 with no comments.
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SBA’s ARC program gets off to slow start; 72 bridge loans made in first week (BizJournals)

The U.S. Small Business Administration approved only 72 America’s Recovery Capital loans in the new emergency bridge loan program’s first week of operation.

Written by Yahoo! News Search Results for loans on June 29th, 2009 with no comments.
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Bad loans for credit unions rise; Pittsburgh area holds up well (BizJournals)

Credit unions nationwide have seen bad loans increase over the past year and have less of a cushion to cover them.

Written by Yahoo! News Search Results for loans on June 29th, 2009 with no comments.
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