Finance Debt

Private sector must play its part as the 2021 debt deadline looms

“To date, 28 countries, including 20 in sub-Saharan Africa,* benefit from the Debt Service Suspension Initiative (DSSI) set up by the Paris Club, for a cumulative amount of $ 2.1 billion, and 11 other cases are still being processed ”, declared the president of the organization informal, Odile Renaud-Basso, Director …

Read More »

What to do when you can’t pay

People are often ashamed of their medical debt, seeing it as their moral obligation to pay their bills and their personal failure when they cannot afford it. What if you can’t pay your hospital bills? What if you had accumulated medical debt and have no way of paying it when …

Read More »

One dead child, another in critical condition after Bensonhurst crash

Subscribe to our Policy NewsletterNY for the latest coverage and to stay informed about the 2021 elections in your district and across New York A driver fatally struck a 4-year-old boy and left another child in critical condition after dropping the children off outside a school in Bensonhurst on Monday …

Read More »

Representative Delgado Encourages NY-19 Small Businesses To Request Reopening of COVID-19 Paycheck Protection Program Relief Assistance | WIVT

Posted: January 12, 2021 / 11:46 a.m. EST / Updated: January 12, 2021 / 11:46 a.m. EST From the office of Representative Antonio Delgado: RHINEBECK, NY – This week the Small Business Administration (SBA) will reopen the Paycheck Protection Program (PPP) for new borrowers and some existing borrowers. Biparty congressional …

Read More »

Death, OSHA fine, and the nature of modern agriculture

What would you do if a family member died suddenly and tragically in a farm accident? You must first call emergency services. You would then probably call your family members. You would call close friends. You would be devastated by your own grief. You will end up having a funeral …

Read More »

“CFPB makes it clear: fair service is back, for real this time”

A new presidential administration and a bugle call from the Consumer Financial Protection Bureau turned fair service from a seemingly remote risk into a top mandate. After the 2008 financial crisis, regulators improved the review guidelines for long-standing equitable loans to incorporate the concept of equitable service. They began to …

Read More »

Democrats have a unified government – time to exercise real power

In the words of political Twitter favorite election guy, I’ve seen enough. After an electoral cycle that basically began in 2016, not only is Joe Biden the next President of the United States, but because of the Raphael Warnock and Jon Ossoff wins in Georgia, it looks like the Democrats …

Read More »

MNP consumer debt index hits lowest ever

Impact of the pandemic: Declining financial confidence and increasing concerns about debt among Canadians Four in ten are not convinced that they can cover their living expenses this year without taking on more debt (+4). Four in ten are concerned about their current debt (+1). They are less likely to …

Read More »

Sanders overwhelms Warren with universal student loan debt relief proposal

2020 Democratic nomination contestant Senator Bernie Sanders on Monday released his plan to tackle growing student debt – the universal cancellation of all debt, no matter what. Vermont Independent’s announcement comes as debt cancellation is more and more popular among Democrats. Sanders’ plan spans a proposal presented by Senator Elizabeth …

Read More »

White Paper on Debt Collection issued by the Conference of State Bank Supervisors

the Conference of State Bank Supervisors (CSBS), a national organization of financial regulators, has published the latest chapter of its white paper entitled “Reengineering Nonbank Supervision” and the the new chapter is devoted to debt collection. The new chapter of the white paper covers an overview of the collection process, …

Read More »