lender
Many Student Loan Borrowers Getting a Break Amid Virus Crisis – NBC Bay Area
Americans collectively hold a staggering $1.6 trillion in student loan debt, and only half were paying it down — before the coronavirus crisis and recession hit. In what is surely welcome news for borrowers nationwide, many will be getting a break on those balances. The U.S. Department of Education, which oversees federally-backed student loans, says …
Student lender SoFi to acquire Galileo Financial Technologies for $1.2 billion
NEW YORK (Reuters) – Online student lender Social Finance Inc has agreed to acquire payments technology provider Galileo Financial Technologies for $1.2 billion in cash and stock, the companies said on Tuesday. Galileo’s platform provides technology to allow companies to easily offer a range of financial services to consumers and businesses, including checking and savings …
Britain’s biggest payday lender QuickQuid ‘on verge of collapse’
Britain’s biggest payday lender is reportedly on the verge of collapse. CashEuroNet UK, which trades under the QuickQuid brand, could be placed into administration within a matter of days, according to Sky News. If confirmed, it would follow in the footsteps of Wonga, which was plunged into insolvency on the back of a thousands of …
