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Student loan default collections restart in May with wage garnishment for millions

Millions of borrowers with defaulted federal student loans will soon face renewed consequences as the U.S. government resumes collections. The Department of Education has confirmed that, beginning May 5, it will refer defaulted loans to the Treasury Department’s offset program. This program allows the government to garnish wages, withhold tax refunds, and seize portions of Social Security checks to collect unpaid student debt. These measures officially end the collections pause introduced

Education & Training

05 May 2025 09:43 AM 680 views

Student loan default collections restart in May with wage garnishment for millions

Millions of borrowers with defaulted federal student loans will soon face renewed consequences as the U.S. government resumes collections. The Department of Education has confirmed that, beginning May 5, it will refer defaulted loans to the Treasury Department’s offset program. This program allows the government to garnish wages, withhold tax refunds, and seize portions of Social Security checks to collect unpaid student debt. These measures officially end the collections pause introduced

Education & Training

Ex-California Police Officer Wins $10M in Harassment Lawsuit

A former California police officer, Ashley Cummins, has been awarded $10 million in damages after a San Diego jury ruled in her favor in a workplace harassment and discrimination lawsuit. Cummins, who served with the National City Police Department (NCPD), alleged that she endured a hostile work environment, systematic discrimination, and repeated harassment based on her gender and sexual orientation. The case, filed in the Superior Court of California, County of San Diego, highlighted allegatio

General

04 Apr 2025 03:21 AM 1.02k views

Ex-California Police Officer Wins $10M in Harassment Lawsuit

A former California police officer, Ashley Cummins, has been awarded $10 million in damages after a San Diego jury ruled in her favor in a workplace harassment and discrimination lawsuit. Cummins, who served with the National City Police Department (NCPD), alleged that she endured a hostile work environment, systematic discrimination, and repeated harassment based on her gender and sexual orientation. The case, filed in the Superior Court of California, County of San Diego, highlighted allegatio

General

Loan Against Mutual Funds: How to Secure Funds Without Redeeming Your Investments

A loan against mutual funds is an effective financing option that allows investors to access funds without selling their investments. By pledging mutual fund units as collateral, individuals can secure a loan from banks or financial institutions. This method provides a practical solution for short-term financial needs while enabling investors to retain their portfolio and continue benefiting from market growth. What is a Loan Against Mutual Funds?

Business

10 Mar 2025 09:32 AM 990 views

Loan Against Mutual Funds: How to Secure Funds Without Redeeming Your Investments

A loan against mutual funds is an effective financing option that allows investors to access funds without selling their investments. By pledging mutual fund units as collateral, individuals can secure a loan from banks or financial institutions. This method provides a practical solution for short-term financial needs while enabling investors to retain their portfolio and continue benefiting from market growth. What is a Loan Against Mutual Funds?

Business

Fixed vs Floating Home Loan Interest Rates: Which One Should You Choose?

Choosing between a fixed and floating interest rate for a home loan is a crucial financial decision. Both options come with advantages and risks, and selecting the best one depends on your financial goals, market trends, and risk appetite. A fixed rate offers stability, while a floating rate provides flexibility and potential savings. Understanding the differences between these loan types will help you make an informed decision based on your repayment capacity and future market expectations.

Business

27 Feb 2025 09:04 AM 1.59k views

Fixed vs Floating Home Loan Interest Rates: Which One Should You Choose?

Choosing between a fixed and floating interest rate for a home loan is a crucial financial decision. Both options come with advantages and risks, and selecting the best one depends on your financial goals, market trends, and risk appetite. A fixed rate offers stability, while a floating rate provides flexibility and potential savings. Understanding the differences between these loan types will help you make an informed decision based on your repayment capacity and future market expectations.

Business

Hidden Charges in Personal Loans: Key Fees That Increase Your EMI and Reduce Disbursed Amount

Personal loans are often marketed as quick and hassle-free financial solutions, but borrowers are frequently caught off guard by hidden charges that increase the total cost of borrowing. While interest rates are clearly disclosed, additional fees, penalties, and deductions can reduce the actual loan amount disbursed and increase monthly EMIs.Lenders often do not fully disclose these fees upfront, making it essential for borrowers to understand all associated charges before finalizing their lo

Business

25 Feb 2025 08:51 AM 1.52k views

Hidden Charges in Personal Loans: Key Fees That Increase Your EMI and Reduce Disbursed Amount

Personal loans are often marketed as quick and hassle-free financial solutions, but borrowers are frequently caught off guard by hidden charges that increase the total cost of borrowing. While interest rates are clearly disclosed, additional fees, penalties, and deductions can reduce the actual loan amount disbursed and increase monthly EMIs.Lenders often do not fully disclose these fees upfront, making it essential for borrowers to understand all associated charges before finalizing their lo

Business

Vijay Mallya Claims Banks Have Recovered Multiple Times Over Kingfisher Airlines Loan

Vijay Mallya, the fugitive liquor baron, has approached the Karnataka High Court, claiming that banks have recovered the "principal debt amount multiple times over" in the Kingfisher Airlines loan default case. In his petition, Mallya has sought directions from the banks to provide a statement of the recovered amount.Justice R Devdas issued notices to 10 banks, including State Bank of India (SBI) and Punjab National Bank (PNB), a recovery official, and an asset reconstruction compan

General

19 Feb 2025 06:54 AM 1.6k views

Vijay Mallya Claims Banks Have Recovered Multiple Times Over Kingfisher Airlines Loan

Vijay Mallya, the fugitive liquor baron, has approached the Karnataka High Court, claiming that banks have recovered the "principal debt amount multiple times over" in the Kingfisher Airlines loan default case. In his petition, Mallya has sought directions from the banks to provide a statement of the recovered amount.Justice R Devdas issued notices to 10 banks, including State Bank of India (SBI) and Punjab National Bank (PNB), a recovery official, and an asset reconstruction compan

General

How to Make the Best Financial Decision When Applying for a Personal Loan App

Assess Your Financial Needs: Before applying for a personal loan, take time to evaluate how much you truly need. Borrowing more than necessary can stretch your finances, while borrowing too little might leave you short of funds. Carefully analyze your expenses, create a budget, and determine the exact amount required. This ensures you borrow responsibly and avoid o

Tips and Tricks

30 Jan 2025 04:06 AM 1.17k views

How to Make the Best Financial Decision When Applying for a Personal Loan App

Assess Your Financial Needs: Before applying for a personal loan, take time to evaluate how much you truly need. Borrowing more than necessary can stretch your finances, while borrowing too little might leave you short of funds. Carefully analyze your expenses, create a budget, and determine the exact amount required. This ensures you borrow responsibly and avoid o

Tips and Tricks

Court Rules Man Doesn't Have to Return ₹3.2 Crore Gift from Ex-Girlfriend

A Chinese court has ruled that Li, a man involved in a complicated breakup, is not required to return a 300,000 Yuan (₹3.2 crore) gift given to him by his ex-girlfriend, Xu. The unusual legal case, which has gained significant attention, centers on the couple's tumultuous relationship. Li and Xu had been in a stable relationship since 2018 until 2020, when Li discovered that Xu had an affair with his nephew. The revelation led to a breakup, but Xu later transferred a large sum of money

General

19 Dec 2024 10:23 AM 1.22k views

Court Rules Man Doesn't Have to Return ₹3.2 Crore Gift from Ex-Girlfriend

A Chinese court has ruled that Li, a man involved in a complicated breakup, is not required to return a 300,000 Yuan (₹3.2 crore) gift given to him by his ex-girlfriend, Xu. The unusual legal case, which has gained significant attention, centers on the couple's tumultuous relationship. Li and Xu had been in a stable relationship since 2018 until 2020, when Li discovered that Xu had an affair with his nephew. The revelation led to a breakup, but Xu later transferred a large sum of money

General

Andhra Pradesh Government Cracks Down on Loan Apps Culture

The government of Andhra Pradesh, under the leadership of the NDA camp, is addressing pressing issues left by the previous administration, including the growing loan app culture. These loan apps are increasingly becoming a threat to the public, with many individuals falling victim to their deceptive practices. In a significant statement in the Assembly, Home Minister Anitha spoke out about the severe consequences of loan apps, which initially attract users by offering easy loans wit

Political News

21 Nov 2024 08:17 AM 1.36k views

Andhra Pradesh Government Cracks Down on Loan Apps Culture

The government of Andhra Pradesh, under the leadership of the NDA camp, is addressing pressing issues left by the previous administration, including the growing loan app culture. These loan apps are increasingly becoming a threat to the public, with many individuals falling victim to their deceptive practices. In a significant statement in the Assembly, Home Minister Anitha spoke out about the severe consequences of loan apps, which initially attract users by offering easy loans wit

Political News

Andhra Pradesh Leads India in Borrowing: Insights from the 2022-23 Survey

In a recent report by the Union Ministry of Statistics, Andhra Pradesh has been highlighted as the state with the highest number of borrowers in India, averaging 60,092 loans per 100,000 individuals during the 2022-23 period. This significant figure places it well ahead of Telangana and Tamil Nadu, which have borrowing rates of 42,407 and 35,703, respectively. The data reveals a slight gender disparity, with men (60,144) slightly outnumbering women (60,043) among those classified as

Political News

03 Nov 2024 03:39 AM 1.09k views

Andhra Pradesh Leads India in Borrowing: Insights from the 2022-23 Survey

In a recent report by the Union Ministry of Statistics, Andhra Pradesh has been highlighted as the state with the highest number of borrowers in India, averaging 60,092 loans per 100,000 individuals during the 2022-23 period. This significant figure places it well ahead of Telangana and Tamil Nadu, which have borrowing rates of 42,407 and 35,703, respectively. The data reveals a slight gender disparity, with men (60,144) slightly outnumbering women (60,043) among those classified as

Political News

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

Business

17 Oct 2024 19:20 PM 1.18k views

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

Business

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Iran Ends Visa-Free Entry For Indians As New Delhi Issues Warning On Job Fraud And Kidnappings

John Mulaney to make history with first-ever comedy show at Wrigley Field in 2026

Portland leaders take taxpayer funded trip to learn from Vienna’s social housing system

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Apple to Pay $95 Million to Settle Siri Privacy Lawsuit

SC/ST Leaders' Meeting in Karnataka Sparks KPCC Leadership Change Speculation

Claude Sonnet 4.5 AI Codes Full App In 30 Hours With 11,000 Lines Of Code

Union City Development Services: A One-Stop-Shop for Planning, Permits, and Project Support

US launches ‘Trump accounts’ for newborns with initial government investment

5 Mistakes students do while choosing the career

#loan-harassment

Student loan default collections restart in May with wage garnishment for millions

Student loan default collections restart in May with wage garnishment for millions

Ex-California Police Officer Wins $10M in Harassment Lawsuit

Ex-California Police Officer Wins $10M in Harassment Lawsuit

Loan Against Mutual Funds: How to Secure Funds Without Redeeming Your Investments

Loan Against Mutual Funds: How to Secure Funds Without Redeeming Your Investments

Fixed vs Floating Home Loan Interest Rates: Which One Should You Choose?

Fixed vs Floating Home Loan Interest Rates: Which One Should You Choose?

Hidden Charges in Personal Loans: Key Fees That Increase Your EMI and Reduce Disbursed Amount

Hidden Charges in Personal Loans: Key Fees That Increase Your EMI and Reduce Disbursed Amount

Vijay Mallya Claims Banks Have Recovered Multiple Times Over Kingfisher Airlines Loan

Vijay Mallya Claims Banks Have Recovered Multiple Times Over Kingfisher Airlines Loan

How to Make the Best Financial Decision When Applying for a Personal Loan App

How to Make the Best Financial Decision When Applying for a Personal Loan App

Court Rules Man Doesn't Have to Return ₹3.2 Crore Gift from Ex-Girlfriend

Court Rules Man Doesn't Have to Return ₹3.2 Crore Gift from Ex-Girlfriend

Andhra Pradesh Government Cracks Down on Loan Apps Culture

Andhra Pradesh Government Cracks Down on Loan Apps Culture

Andhra Pradesh Leads India in Borrowing: Insights from the 2022-23 Survey

Andhra Pradesh Leads India in Borrowing: Insights from the 2022-23 Survey

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

RBI Bars Four NBFCs from Disbursing Loans Over High Interest Rates

Iran Ends Visa-Free Entry For Indians As New Delhi Issues Warning On Job Fraud And Kidnappings

John Mulaney to make history with first-ever comedy show at Wrigley Field in 2026

Portland leaders take taxpayer funded trip to learn from Vienna’s social housing system

Rodri Wins Ballon d'Or as Real Madrid Boycotts Ceremony

Apple to Pay $95 Million to Settle Siri Privacy Lawsuit

SC/ST Leaders' Meeting in Karnataka Sparks KPCC Leadership Change Speculation

Claude Sonnet 4.5 AI Codes Full App In 30 Hours With 11,000 Lines Of Code

Union City Development Services: A One-Stop-Shop for Planning, Permits, and Project Support

US launches ‘Trump accounts’ for newborns with initial government investment

5 Mistakes students do while choosing the career

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