U.S. to cancel all remaining student loans used for bankrupt Corinthian Colleges
By Andrea Shalal WASHINGTON -The U.S. Department of Education on Wednesday said it will cancel all remaining federal student loans used to attend any campus …
Loans
White House says canceling student loans wouldn’t drive up inflation much
WASHINGTON – The short-term impact on inflation of a possible decision by U.S. President Joe Biden to cancel some student loans is likely to be …
Bank Ceo Convicted For Taking Bribes In Connection With Loans Guaranteed By The Small Business Administration
Damian Williams, the United States Attorney for the Southern District of New York, announced today the conviction of EDWARD SHIN, then-CEO of a Pennsylvania-based bank …
Northern Virginia Resident Settles Allegations of Fraudulently Obtaining Paycheck Protection Program Loans
ALEXANDRIA, Va. – Latifa Brooks, a resident of McLean, has agreed to pay $107,347 to settle a civil fraud case alleging that she fraudulently applied …
Owasso Man Sentenced to 4 Years in Prison for Applying for Paycheck Protection Program Loans under False Pretenses
An Owasso man who fraudulently applied for Paycheck Protection Program loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security …
Black Knight’s First Look: Mortgage Delinquencies Hit Yet Another Record Low in April, Driven by Continued Improvement Among Seriously Past-Due Loans
The national delinquency rate fell to 2.80% in April, down four basis points from March, hitting a new record low for the second consecutive month …
New Jersey Postal Worker Gets Three Years in Prison for Fraudulent COVID-19 Loans
NEWARK, N.J. – A female postal worker has been sentenced to three years in prison for stealing checkbooks and credit cards from the mail while …
Former Union County Postal Employee Sentenced to Three Years in Prison for Conspiring to Commit Bank Fraud and Fraudulently Attempting to Obtain SBA Loans
NEWARK, N.J. – An Essex County, New Jersey, woman was sentenced today to 36 months in prison for stealing checkbooks and credit cards from the …
EU to offer Ukraine new loans to plug immediate needs
By Francesco Guarascio BRUSSELS – The European Commission is set to propose on Wednesday a new package of financial aid to Ukraine including new loans …
Analysis: Leveraged loans hit turbulence, but investors still see long-term outperformance
By Davide Barbuscia NEW YORK – U.S. loans have outperformed other debt instruments this year because of the protection they offer from rising interest rates, …
Orange County Man Sentenced to 2½ Years in Federal Prison for Fraudulently Obtaining $1.5 Million in COVID-Relief Loans
SANTA ANA, California – An Orange County man was sentenced today to 30 months in federal prison for fraudulently obtaining more than $1.5 million …
China’s April new yuan loans seen falling as demand weakens-Reuters Poll
BEIJING – China’s new yuan loans are expected to have dropped in April after a rebound in March as credit demand weakened, a Reuters poll …
Liberty County Man and Woman Behind My Buddy Loans Guilty of Fraud Related to COVID Relief
TEXARKANA, Texas– A Cleveland, Texas man and woman have pleaded guilty to wire fraud violations in the Eastern District of Texas, announced U.S. Attorney Brit …
White House seeks $500 million for farmers to grow more wheat, pay for market loans
By Leah Douglas and P.J. Huffstutter WASHINGTON – The Biden administration is asking Congress to approve $500 million for the farm sector, in a bid …
Santa Clarita Man Sentenced to Nearly 3½ Years in Federal Prison for Fraudulently Obtaining COVID-Relief Loans
LOS ANGELES – A Santa Clarita man was sentenced today to 41 months in federal prison for attempting to steal millions of dollars in …
Fifth Defendant Pleads Guilty To Scheme To Fraudulently Obtain Over $30 Million In Covid-Relief Loans
Damian Williams, the United States Attorney for the Southern District of New York, announced that ALVIN MAXWELL pled guilty today to one count of conspiracy …
Germany’s Bundesbank warns over bank loans to hot property market -report
BERLIN – Germany’s Bundesbank is worried about banks lending to overextended buyers in an overheated property market and reserves the right to impose additional curbs, …
Baltimore Man Admits to Fraudulently Obtaining Cares Act Paycheck Protection Plan Loans While on Probation and Pre-Trial Release and Defrauding Businesses of Over $1,000,000
Baltimore, Maryland –Keon Ball, age 45, of Baltimore, Maryland, pleaded guilty today to wire fraud conspiracy and aggravated identity theft in relation to multiple identity …
Greece pays off final tranches of IMF loans
ATHENS – Greece has paid off the final tranches of bailout loans owed to the International Monetary Fund earlier than expected, the finance ministry said …
Man Pleads Guilty To Lying To Get $1.2 Million COVID-19 Relief Loans
Man Pleads Guilty To Lying To Get $1.2 Million COVID-19 Relief Loans Mary Rose Corkery on February 24, 2021 A 46-year-old Wisconsin man pleaded guilty …
East Providence Man Alleged to Have Fraudulently Applied for Eight COVID-Relief Business Loans
PROVIDENCE, R.I. – An East Providence man made an initial appearance in federal court in Providence today on charges that he filed eight fraudulent loan …
World Bank approves $830 million in loans to Colombia
BOGOTA – Colombia will receive two loans totalling $830 million from the World Bank to fund COVID-19 pandemic recovery and education efforts, the country’s government …
ECB to tighten banks’ access to loans after pandemic-era largesse
FRANKFURT – The European Central Bank will tighten banks’ access to its liquidity from July by phasing out exceptionally easy collateral rules introduced at the …
Michigan Man Charged With Using $1 million in Covid-Relief Loans To Purchase Seaview Condominium in Beirut, Lebanon
DETROIT, MI – A Dearborn Heights man was arrested today in connection with a wire fraud and money laundering scheme involving more than $1 million …
Two Downtown Los Angeles Residents Arrested on Complaint Alleging They Fraudulently Obtained $300,000 in COVID-Relief Loans
LOS ANGELES – Two downtown Los Angeles residents were arrested today on a federal criminal complaint alleging they fraudulently obtained more than $300,000 – …
Italy’s Intesa puts $6.3 billion of Russia, Ukraine loans under microscope
By Valentina Za MILAN – Intesa Sanpaolo said on Wednesday that its loans to Russian and Ukrainian clients amounted to 5.1 billion euros net of …
China aims to boost big-bank loans to small business over 40% in 2022
BEIJING/SHANGHAI – China aims to boost lending to small businesses from large commercial banks by over 40% this year, Premier Li Keqiang told the annual …
Dutch bank ING says $770 million in loans affected by Russian sanctions
AMSTERDAM – Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) …
Irvine Man Arrested on Charge Alleging He Fraudulently Obtained More Than $5 Million in COVID-Relief Loans for Sham Companies
LOS ANGELES – An Orange County man who fled after authorities searched his residence on Wednesday is in federal custody today after he was …
Hull Man Sentenced for Fraudulently Submitting CARES Act Small Business Loans
BOSTON – A Hull man was sentenced today in federal court in Boston in connection with submitting fraudulent documentation in order to receive CARES Act …
UK says it is ready to guarantee up to $500 million loans to support Ukraine
LONDON – Britain is ready to guarantee up to $500 million (367.62 million pounds) in loans to support Ukraine and help mitigate the economic effects …
Thai banks’ bad loans at 2.98% of lending at end-December
BANGKOK – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, …
Twin Brothers Facing Federal Charges for Allegedly Obtaining Over $1 Million in Covid-19 Loans and Unemployment Insurance Benefits
Greenbelt, Maryland – A federal criminal complaint has been filed charging Jerry Phillips, age 24, of Temple Hills, Maryland, for the federal charges of wire …
In China’s Zhejiang, college grads showered with loans to start businesses
BEIJING – Enterprising Chinese college graduates will be able to borrow up to half a million yuan ($78,900) in the wealthy province of Zhejiang to …
U.S. Treasury rejects push by lawmakers to end IMF surcharges on some loans
By Andrea Shalal WASHINGTON – The U.S. Treasury Department on Friday rejected an appeal by 18 Democratic lawmakers who want the International Monetary Fund (IMF) …
Arizona Man Sentenced to 32 Months in Federal Prison for Fraudulent Applications for Economic Injury Disaster Loans
DENVER – The U.S. Attorney’s Office for the District of Colorado announced that Michael Lain, 56, of Queen Creek, Arizona, was sentenced to 32 months …
California Man Admits Laundering Money from Fraudulent SBA Loans and Business Email Compromise Fraud Scheme Targeting Law Firm
NEWARK, N.J. – A California man pleaded guilty today to laundering money from fraudulently obtained Small Business Association (SBA) loans and from a law firm …
Bank CEO Stephen M. Calk Sentenced To One Year And One Day For Corruptly Soliciting A Presidential Administration Position In Exchange For Approving $16 Million In Loans
Damian Williams, the United States Attorney for the Southern District of New York, announced today that STEPHEN M. CALK was sentenced to one year and …
Banker sentenced for obtaining hundreds of thousands of dollars in fraudulent loans
SAVANNAH, GA: A former commercial loan officer at a Chatham County bank was sentenced to prison after admitting he obtained hundreds of thousands of dollars …
Temple Terrace Woman Pleads Guilty To Bank Fraud Involving COVID-19 Paycheck Protection Program Loans
Tampa, Florida – United States Attorney Roger B. Handberg announces that Bridgitte Keim (52, Temple Terrace) has pleaded guilty to bank fraud. Keim faces a …
Taylorsville Woman Charged with Making False Statements to Obtain Millions of Dollars in PPP Loans.
SALT LAKE CITY – Allison Marie Baver, 41, of Taylorsville, has been charged with nine federal criminal counts related to making false statements on loan …
New Jersey Republicans push for more transparency, information on student loans
Legislation sponsored by Senate Republican Leader Tom Kean that requires institutions of higher education to provide information on federal and state student loan repayment programs …
Former Chief Lending Officer of New Jersey Bank Sentenced to 18 Months in Prison for Making False Statements to United States to Secure Federal Guarantees on Loans
TRENTON, N.J. – A Pennsylvania man was sentenced today to 18 months in prison for securing a federal guarantee on certain loans by making false …
Owasso Man Convicted for Applying for Paycheck Protection Program Loans under False Pretenses
An Owasso man who fraudulently applied for Paycheck Protection Program loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security …
Husband and Wife Team, and Their Inmate Accomplice, Charged with Fraudulently Obtaining Pandemic Unemployment Assistance Funds and Economic Injury Disaster Loans
PHILADELPHIA – Acting United States Attorney Jennifer Arbittier Williams announced that Brandon Segers, 33, and Dionne Segers, 32, both of Philadelphia, PA, and their inmate …
Hull Man Pleads Guilty to Fraud Charge Arising from Fraudulent CARES Act Small Business Loans
BOSTON – A Hull man pleaded guilty today in federal court in Boston in connection with submitting fraudulent documentation in order to receive CARES Act …
Police Officer Indicted on Federal Bank Fraud Charge Involving Paycheck Protection Program Loans
WASHINGTON – A Metropolitan Police Department (MPD) Officer was indicted today on a federal bank fraud charge stemming from …
Rhode Island Man Who Sought $4.7 Million in COVID Relief Loans Sentenced for Defrauding CARES Act Paycheck Protection Program
PROVIDENCE – For the second time in one week, a defendant has been sentenced in U.S. District Court in Providence, RI, to a significant term …
Feds forgive FEMA loans to Toms River, Berkeley, others hit by Superstorm Sandy
TRENTON, NJ – The New Jersey Department of Community Affairs (DCA) commends the federal government for its total forgiveness of FEMA Community Disaster Loans (CDL) …
Catoosa Woman Halts Jury Trial and Instead Pleads Guilty to Fraudulently Applying for $1M in Loans
A Catoosa woman halted her own jury trial and pleaded guilty Wednesday to a 28-count indictment charging her, in part, with submitting false loan applications …