Category: Loans
-
US CFPB dismisses lawsuit against Berkshire unit over risky home loans
•
(Reuters) – American Consumer Protection Office rejected Vanderbilt Mortgage and Finance, a unit of the Hathaway unit from Warren Buffett, who pushes borrowers to loans who were unable to buy homes from the Clayton Home Unit in Berkshire. On Thursday, the volunteer separation is part of the wide -awing reduction…
-
50% of housing deals in 2024 were developer loans
•
There were 11261 housing deals in December 2024, and the largest reports of the Ministry of Finance, the highest number since March 2022, where many buyers rushed to buy new homes before the value -added tax increased from 17 % to 18 % on January 1, 2025. In total, there…
-
Where to Get Quick Loans in the UK with No Hassle
•
The 2023 report issued by the Financial Conduct (FCA) revealed that more than 3 million adults in the United Kingdom are using short -term credit in the short term last year. With the high cost of living, many people resort to Quick loans For emergency expenses such as: Unexpected bills…
-
Coinbase’s Bitcoin Loans Are Not What They Seem
•
Earlier today, Coinbase Announce Launching “Bitcoin Backed Loans” using Base, its native blockchain. But there is one problem. (actually two). These loans are not backed by Bitcoin, not even on the Bitcoin blockchain. It is disappointing that in 2025, companies are still willingly omitting key details to mislead Bitcoin holders…
-
Coinbase’s Bitcoin Loans Are Not What They Seem
•
Earlier today, Coinbase Announce Launching “Bitcoin Backed Loans” using Base, its native blockchain. But there is one problem. (actually two). These loans are not backed by Bitcoin, not even on the Bitcoin blockchain. It is disappointing that in 2025, companies are still willingly omitting key details to mislead Bitcoin holders…
-
Bitcoin Rally Fuels Demand For Crypto Loans: Lending Sector On The Rebound
•
The recent rise in Bitcoin prices, which exceeded $100,000 for the first timeis making ripples in the long-struggling cryptocurrency lending sector, particularly through decentralized finance (DeFi) applications. According to Bloomberg a reportthe speculative excitement surrounding Bitcoin has not only invigorated its trading, but also extended to lending platforms, indicating a…
-
Treasury’s bank referral scheme falls flat, securing loans for only 1 in 20 small businesses
•
The Treasury’s bank referral scheme, which aims to increase access to finance for small businesses, has come under intense scrutiny after a recent audit revealed it secured loans for just one in twenty referred businesses. Under the scheme, nine major banks are required to refer small businesses that refuse loans…
-
How banks are taking CBK loans to invest in Treasury bills
•
Commercial banks borrowed from the Central Bank of Kenya’s emergency discount window to finance purchases of government securities as they saw a profit opportunity from the lower interest rate on the facilities compared to treasury bonds. The discount window was supposed to be used to provide temporary liquidity to banks…
-
A 38-year-old with $38,000 in student debt tells other generations, ‘I highly recommend finding a way to avoid taking out loans’
•
Millions of Americans have begun paying off their debts Federal student loans And again last October, with monthly payments averaging hundreds of dollars a month. Borrowers had to start cutting expenses, taking on additional work, and looking for options to reduce their monthly payments. Megan McClelland, 38, said last year…
-
South East leads in bank loans to small businesses as other UK regions lag behind
•
Small businesses in south-east England are benefiting from a strong rebound in bank lending, leaving the rest of the UK behind, according to new research by the British Business Bank. Lending to businesses in the region has surged, leading to a 21% increase in approved loans and overdrafts across the…
-
Banks cut loans to parastatals by 15pc, defaults up
•
Commercial banks reduced their lending to semi-governmental institutions by 14.7% in July compared to the same period last year, the largest decline in four years. This comes as state-owned companies struggle to service debts owed to their largest lender, the government. Overall, commercial banks, microfinance banks and savings and credit…
-
Trump Pushes Tax Break on Car Loans as He Courts Auto Industry
•
Breadcrumb links BMN Business Donald Trump has vowed to boost the US auto industry by making interest on auto loans fully tax-deductible and renegotiating a trade deal with Mexico and Canada as he seeks to court business and labor leaders in the swing state of Michigan. Article writer: Bloomberg News…
-
Interest paid on domestic loans up Sh89bn on higher rates, borrowing
•
Taxpayers paid an additional Sh89.4 billion in interest payments on the government’s domestic debt in the year to June 2024, reflecting higher interest rates on debt securities and increased domestic borrowing for budget purposes in the period. National Treasury disclosures show that interest payments rose to Sh622.5 billion from Sh533.1…
-
Australian housing finance data, August 2024: Home loans +0.7% m/m (prior +2.9%)
•
High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
-
Centum cuts exchange rate risk with switch to shilling loans
•
Investment firm Centum has restructured a N3.1 billion dual currency loan from Standard Bank of South Africa into a shell facility, allowing the company to avoid exchange rate risk on the facility in the event of future weakness of the local currency against the dollar. The loan, which was held…
-
Bank staff tap insider loans faster than ordinary borrowers
•
Big bank employees took out new loans at a faster rate than managers and other borrowers in the first half of the year to June 2024, as friendly borrowing rates protected them from the highest market rates in 18 years, an analysis showed. An analysis of the financial results of…
-
Lava Loans Protocol v2: DLC Based Bitcoin Collateralized Loans
•
the Lava Loans Protocol (Version 2) It is a scheme designed by Lava based on confidential ledger contracts (DLCs) to facilitate a trustless Bitcoin-backed lending system. The massive market crash in the last cycle caused by centralized platforms facilitating Bitcoin-backed loans showed that leaving such products and services unchecked can…
-
Australian regulator warns of (slowly) rising arrears on mortgage and business loans
•
The Australian Prudential Regulation Authority (APRA) is the prudential regulator for the Australian financial services industry. The macroprudential policy settings will be maintained as they are following the latest quarterly assessment of domestic and international economic conditions. The quality of new housing loans remains good, and delinquency rates on both…
-
Home loans defaults hit record Sh40bn on interest rates rise
•
The value of non-performing mortgage loans in Kenya reached a record high of Sh40 billion in December 2023 on the back of high interest rates and tough economic conditions faced by borrowers. The value of non-performing loans (NPLs) by mortgage lenders rose by eight per cent or Sh3 billion last…
-
Manufacturing posts largest loans slump of Sh39 billion
•
Kenya’s manufacturing sector has been the hardest hit by the slowdown in private sector credit caused by higher commercial bank lending rates and rising non-performing loans. Total credit to the sector declined by Sh38.8 billion to Sh597.9 billion in the three months to end-March from Sh636.7 billion in December 2023.…