Payment loan

Standard Chartered launches smart business loan

By Dipo Olowookere The Central Bank of Nigeria (CBN) has threatened to suspend the foreign exchange (FX) license of any bank involved in forex embezzlement. The central bank issued this threat in a circular dated Friday, September 10, 2021 and signed by its director of the Department of Trade and …

Read More »

South Korea extends SME loan support for six months

To help support small businesses, state-run financial institutions will provide liquidity worth around 4 trillion won. South Korea’s Financial Services Commission (FSC) has agreed with financial sector self-regulators to extend support for small business loans for six months. Since March of last year, lenders have extended the maturity date for …

Read More »

Student loan debt delays home buying schedule

More than half of non-owners millennia (60%) say student loan debt delays them in buying a home, making them the population most affected by student debt, according to the 2021 National Association of Realtors Student Debt Report . In comparison, just 53% of Gen Xers, 37% of Baby Boomers and …

Read More »

BB: Loan repayment deadline eased for NBFI borrowers

Central bank made move as businesses slowed down due to Covid-19 According to the Bangladesh Bank (BB) opinion on Wednesday, borrowers from non-bank financial institutions (NBFIs) will not default until December 31 if they pay 50% of their loan maturities. The central bank made the decision as businesses slowed down …

Read More »

Missouri raises $ 197 million in ABS for student loans

A portfolio of mostly consolidated and federally guaranteed student loans secures the Higher Education Loan Authority of the State of Missouri Series 2021-3, a trust that is expected to issue approximately $ 197.5 million in asset-backed securities (ABS). Known as MOHELA 2021-3, the trust will issue a mix of fixed …

Read More »