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Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt

The Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers.

Business - CNBC - October 17

Biden’s Student Loan Forgiveness Program Has Canceled Debt for Over One Million People

An effort to revive and maximize use of the Public Service Loan Forgiveness program has resulted in student loan forgiveness for over one million people.

Top stories - The New York Times - October 17

El Salvador gets $1bn US-backed loan from JPMorgan to refinance debt

Deal linked to promise of river conservation is latest example of increasingly popular ‘debt for nature swaps’

World - Financial Times - October 17

Biofuels stock Gevo continues rally, boosted by $1.46 billion Energy Department loan

Shares of renewable-chemicals and biofuels company Gevo continued their rally Friday, lifted by a $1.46 billion loan commitment from the U.S. Energy Department earlier this week.

Business - MarketWatch - October 18

Biden extends student loan payment pause by 6 months for 8 million SAVE plan borrowers

Student loan payments for some 8 million borrowers will remain on pause for six months or longer, a spokesperson for the U.S. Department of Education said.

Business - CNBC - October 21

U.S. and Europe Agree to Finalize $50 Billion Ukraine Loan Backed by Russian Assets

Treasury Secretary Janet L. Yellen said an agreement was close. She also rebuked China’s lending practices and called for more debt relief.

Business - The New York Times - October 22

Deutsche Bank shares fall on doubling of third-quarter loan losses but profits rise

Deutsche Bank’s pre-tax profits were lifted by a reduction in the provisions it has set aside to settle litigation related to its Postbank acquisition

Business - MarketWatch - October 23

Student-loan borrowers facing financial hardship could get debt forgiveness — if Biden’s new plan survives

Student-loan borrowers struggling financially may have a path toward debt relief if the Biden administration gets its way.

Business - MarketWatch - October 25

8 million student loan borrowers would qualify for relief under Biden 'hardship' rules

The Biden administration announced on Friday proposed rules to give student debt relief to borrowers experiencing “hardship” in the president’s latest attempt to forgive student loans. The ...

Politics - The Hill - October 25

SoFi’s stock rally takes a breather despite improving credit trends

Analysts called out improvement in credit performance as a major positive coming out of SoFi’s third-quarter report, but the stock was falling hard.

Business - MarketWatch - October 29

Here's how an 86-year-old grandmother got her nearly $32,000 private student loan debt forgiven

Some lenders of private student loans offer disabled borrowers a way to get their debt forgiven. But the process is difficult to learn about and to navigate.

Business - CNBC - 3 days ago

Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds

Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.

Business - CNBC - 4 days ago

Should you lock in a mortgage rate after the November rate cut? Experts weigh in

Aside from the November rate cut, several factors play a role in timing your mortgage rate lock.

‘I retired earlier than planned’: I’m 69 and will have $6,000 a month in retirement income. The bulk of my $3.6 million is equities. Is that OK?

“I don’t expect equities to do as well over the next decade as they have in the past, but I still think they will outperform other options.”

Business - MarketWatch - October 24

Fed’s Waller calls for rate cut caution after ‘disappointing’ data

Influential governor says US economy in ‘sweet spot’ but hotter than expected inflation not welcome

World - Financial Times - October 15

Here's what a $150,000 HELOC costs monthly now that rates have dropped

A $150,000 HELOC comes with inexpensive monthly payments that could fall in the months ahead. Here's what to know.

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