Repayment Moratorium News Today

>> reporter: the plan had been approved for about 16 million americans. and today president biden has decided to extend the repayment moratorium, that freeze on all student loan payments for all federal student loan debt holders while those court challenges continue to play out. and that moratorium was set to expire at the end of this year. here is the president explaining his decision. >> were not going to back down in our fight to give families breathing room. that is why the department of jus...

The Hungarian Chamber of Commerce and Industry (MKIK) has requested that the government should consider freezing the rate on corporate loans between 5-10% and i

Many banks have started informal talks with asset reconstruction companies (ARCs) to sell some of the unsecured loans to clean up their balance sheets and free up capital for lending, people aware of the development said 

Banks fear second wave of defaults as curbs begin to bite Premium Bankers fear the lockdown-like curbs, including curfews, travel restrictions and mall shutdowns, are likely to hurt borrowers, triggering a second wave of defaults. Without a repayment moratorium like the one announced by the RBI last year, the defaults are likely to pinch banks harder Share Via Read Full Story MUMBAI : Banks, bruised by the pandemic last year, are bracing for more pain as the second wave of the pandemic threaten...