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Why Citigroup's Loan Portfolio Is Growing Faster Than Its Peers'
Forbes
Citigroup reported an increase in its total loan portfolio from $623 billion in Q1 2017 to $668 billion in Q1 2018 – a jump of 7.2%. This compares with the average loan growth figure of 4.7% across the U.S. banking industry over this period. With the ...

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Forbes

Nonsensical State Laws Yank Licenses From Student Loan Defaulters
Forbes
State governments do many silly things. Writing in USA Today, Jarrett Dieterle and Shoshana Weissmann bring attention to one of the absolute silliest: in 18 states, workers can have their professional licenses revoked if they default on their student ...



Just Approved: Community Reinvestment Act loan program enables lower rate no PMI home financing
SFGate
Loan type: 30-year fixed. Rate: 4.375 percent with no points and no PMI required. Backstory: John Holmgren's clients had been renting in San Francisco for a number of years and wanted to own their own home. Not being able to find affordable housing in ...



The Hill

Bill to protect work licenses of student loan debtors is welcome development
The Hill
Americans owe nearly $1.5 trillion in student loans, with the average borrower owing around $30,000. Unfortunately, because of a number of factors, about 5 million Americans are in default on those loans. Worse still, a perverse policy underlying many ...



Washington Post

Democratic senators blast DeVos for mishandling a temporary expansion of loan forgiveness for public servants
Washington Post
The U.S. Department of Education has failed to create a simple and fair process for social workers, police officers and other public servants seeking federal student loan forgiveness through a temporary program, Senate Democrats say. This week, liberal ...



Inside Higher Ed

Digging Deeper on Student Loan Default Rates
Inside Higher Ed
Federal data released last year revealed a student-loan default crisis among borrowers who are black or who attended for-profit colleges, with roughly half of both groups defaulting within 12 years after first enrolling in college. Borrowers often ...



Motley Fool

3 Tips for Getting a Car Loan That Won't Kill Your Financial Future
Motley Fool
Far too many borrowers get financing through their car dealer without giving a second thought to whether this is really the best deal. Because dealers often advertise special promotional financing, it's very tempting to just take out a loan and hope ...

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Yahoo Finance

4 solutions to common student loan issues
Yahoo Finance
With 45 million student loan borrowers in the US, the student loan debt is a huge burden for many. The average student graduates with $37,500 in debt. So where to even begin? Yahoo Finance had a team of experts answer your questions. We covered it all ...

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Italy's BPER to cut problem-loan ratio to 18 pct with securitisation
Reuters
MILAN, June 22 (Reuters) - Italy's sixth-largest banking group, BPER Banca, said on Friday that its problem-loan ratio would fall to 17.8 percent once its Banco di Sardegna unit completed a 900 million euro ($1 billion) loan securitisation deal. BPER ...

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Student Loan Hero (blog)

Is the interest on home improvement loans tax-deductible?
Student Loan Hero (blog)
“The short answer is yes, you can deduct loan interest from a home improvement loan on your taxes,” said Joshua Escalante Troesh, a financial planner with Purposeful Strategic Partners. “However, there are limitations on how you use the money, thanks ...


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