A second company servicing student debt has asked the United States federal government to be released from its contract. Navient, based in Wilmington, Delaware, last month announced it had signed an agreement to transfer student debt services to the company Maximus. The deal must be approved by the US Department …
Read More »LBH Jakarta Plans to Sue the President for Online Loan Practices
JAKARTA – Weak regulations regarding lending practices online (pinjol) that applies in Indonesia plus the lack of knowledge of digital financial literacy in the community has caused many victims to fall as a result of this practice. Seeing this alarming situation, the Jakarta Legal Aid Institute (LBH) encourages the central …
Read More »Jokowi Temporarily Stops New Loan Permits
JAKARTA (Mouab) — President Joko Widodo ordered the Financial Services Authority (OJK) and the Ministry of Communications and Information Technology (Kominfo) to temporarily suspend (moratorium) the issuance of permits for loan companies. online (pinjol) the new legal. The Minister of Communication and Information, Johhny G. Plate, said that this decision …
Read More »US House of Representatives Agrees to Extend the Term of Government Loan Authority
The United States House of Representatives (US) on Tuesday (12/10) is ready to extend the term of the government’s debt lending authority until early December to prevent the US government from defaulting for the first time next week when the country runs out of money to pay its bills. A …
Read More »Without an increase in the loan limit, the interest rate will go up
U.S. Treasury Secretary Janet Yellen on Tuesday delivered an urgent call for Congress to raise the government’s borrowing limit, a day after Senate Republicans refused to consider a bill that would do so. Failure to raise the debt ceiling is likely to boost interest rates, increasing the government’s interest payments …
Read More »