Author: Press Room

Some student loan borrowers who have been making payments for over a decade under income-driven repayment and forgiveness programs have yet to see the forgiveness they were promised. To correct this, the Biden administration is providing that forgiveness, and, as an added bonus, some borrowers are also receiving refunds for past payments, CNBC reported.”Loan servicers were not tracking the number of qualifying payments, and the automatic forgiveness was not occurring,” higher education expert Mark Kantrowitz explained. “As a result, some borrowers have been making payments for years, or even decades, beyond the point at which they should have received forgiveness.”…

Bilt Rewards, a company that allows Americans to be rewarded for paying their rent, on Wednesday announced a $200 million equity investment, which thrusts the company’s valuation to $3.1 billion as business heavyweight Ken Chenault and NFL Commissioner Roger Goodell were added to its board.  The investment, led by General Catalyst, also has significant contributions by Eldridge, along with existing investors Left Lane Capital, Camber Creek and Prosus Ventures.”This capital raise and the addition of industry titans like Ken Chenault and Roger Goodell to our board are a testament to Bilt’s innovative vision. We’re not just building a loyalty program; we’re…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3- and 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender…

Just a few years ago, the Bitcoin halving was something celebrated by only the earliest cryptocurrency lovers, who swore by it as a core feature of a revolutionary, anti-establishment deflationary asset.Now, bitcoin has been embraced by the biggest institutions on Wall Street and continues to draw curious retail investors in each cycle. From the gleeful to the perplexed to the unimpressed, crypto market watchers know this “halving” is coming and that it must mean something good for bitcoin.This is a technical event that takes place on the Bitcoin network roughly every four years, cutting the supply of the cryptocurrency in…

One of the largest donations to Rudy Giuliani’s legal defense fund is at the center of a new lawsuit that argues the $100,000 contribution rightfully belongs to victims of an alleged online fraud scheme.The donation by Matthew Martorano in September accounted for nearly 13% of all the money that Giuliani, the former attorney for Donald Trump and New York City mayor, raised in the fund.The fund was intended to help Giuliani pay for lawyers in the Georgia election interference case — where Trump is a co-defendant — and in a civil defamation case that Giuliani lost, brought by two Georgia…

Mortgage rates drifted higher this week, and could increase further, in a sign that America’s affordability crisis isn’t letting up. The 30-year fixed-rate mortgage averaged 6.88% in the week ending April 11, up from 6.82% the previous week, according to Freddie Mac data released Thursday. A year ago, the average 30-year fixed-rate was 6.27%. Rates have mostly held steady in the past several weeks, but they could rise even higher if inflation proves to be more stubborn than expected. The Federal Reserve doesn’t directly set mortgage rates, but its actions do influence them, and hotter-than-expected inflation readings could keep the…

Last updated: April 11, 2024 11:41 EDT | 3 min read Bitfinex Securities El Salvador S.A. de C.V., a tokenized securities platform, is spearheading an initiative to fund the development of a Hampton by Hilton hotel complex at El Salvador International Airport through a tokenized debt issue.The token, known as HILSV, will trade against the U.S. dollar and tether (USDT) and will be issued on the Liquid Network, a bitcoin sidechain, as outlined in a recent press release.HILSV Tokenized Debt Offering Marks Milestone in El Salvador’s Capital Market Development Bitfinex Securities to facilitate first ever El Salvador tokenised asset raise…

Bitcoin hit a record high last week but has since lost ground. Profit taking could be fueling the sell-off, which has hit other tokens, such as ether and solana. But crypto experts are still backing the upcoming “halving” event to power bitcoin to new highs. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Bitcoin bulls were celebrating record highs this time last week — but the cryptocurrency has been dealing with a hangover since then.The token has tumbled as much as 13% since hitting a record high of…

March CPI inflation data March’s CPI data just came out, and according to the data, The Consumer Price Index climbed 0.4% in March, the same increase as in February, and exceeding the 0.3% rise that economists expected. That indicates that the hot readings in January and February may be more than a “bump” on the path to inflation heading toward the Federal Reserve’s 2% goal. Digging a bit deeper, it is not difficult to find out that the rise was largely due to cost increases in shelter and gasoline. Combined, these two items contributed more than half of the monthly…

Stay informed with free updatesSimply sign up to the US inflation myFT Digest — delivered directly to your inbox.Traders slashed bets on Federal Reserve interest rate cuts on Wednesday after US inflation surpassed expectations and Joe Biden acknowledged there was “more to do” on fighting price rises.Bond yields jumped, stocks slid and markets pushed back their forecasts of summer rate cuts after official data showed a 3.5 per cent increase in consumer prices for the year to March.“Today’s report shows inflation has fallen more than 60 per cent from its peak, but we have more to do to lower costs…