5 key points for budget P2P

Chancellor Rishi Sunak presented his budget on Wednesday, outlining policies aimed at fostering economic recovery. And despite the lack of direct mention of peer-to-peer loans or fintech in general, for the relief and frustration of some platforms, some policies have been announced that may benefit the industry. Here are the …

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What is a mortgage with no closing costs?

Each mortgage loan and refinancing comes with closing costs, which can be a barrier if you don’t have enough cash to close the mortgage. Fortunately, many lenders offer a mortgage option with no closing costs, where the expense is built into the loan balance or added to your interest rate, …

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Refinance Your Student Loans? You might want to wait. Here’s why.

getty Thinking of refinancing your federal student loans? You might want to wait now. In the United States, there is over $ 1.6 trillion in past due student debt, the vast majority of which is federal student loans. While federal student loan interest rates have fluctuated over time (Congress passes …

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PPP loans and change of ownership transactions

Under the new Small Business Administration (SBA) directive issued through a Notice of procedure (Notice) On October 2, 2020, certain PPP borrowers may be required to seek the prior consent of the SBA for a change in ownership of equity or sale of assets. In particular, the Notice deals with …

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Lessons from financial advisors who applied for the PPP loan

As small businesses scrambled for emergency federal loans, financial advisors not only helped clients, but also sought help to strengthen their practices. The paycheck protection program, the $ 349 billion small business loan offer, ran out of money on April 16 after being open for nearly two weeks. Over 1.6 …

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Real estate loans: should we switch to fixed rates?

Fixed rates for home loans do not vary with the repo rate. In this case, the EMI remains constant as well as the duration of the loan. By Hemanth Gorur Real estate investors, who have been sitting on cash and waiting on the sidelines for many years now, have good …

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Faculty of Pharmacy and Health Sciences facing COVID-19 issues

November 20, 2020 Since the start of the COVID-19 pandemic, professors at St. John’s University have mobilized their talents and resources to tackle this unprecedented public health crisis by identifying the most vulnerable communities, assessing their needs and by suggesting the best way to meet those needs. On November 10, …

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Treasury offers coronavirus relief loans to seven major US airlines

The Treasury Department said on Tuesday it had offered loans to seven major US airlines, including Alaska, American, Frontier, JetBlue, Hawaiian, SkyWest and United. Each airline could receive a multibillion-dollar loan from the Treasury, which is responsible for distributing $ 25 billion in financing to the airlines that Congress approved …

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Meet GPT-3, the computer program that can write an editorial

AArtificial intelligence has leapt exponentially in 2020. Autonomous vehicles are now creeping into the mainstream as advances in machine learning are changing the way we write code and discover drugs. Big AI companies like the ones in San Francisco OpenAI and Alphabet Subsidiary DeepMind announced new developments in 2020 that …

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Competition Commission rejects complaint against ICICI Bank

In its order issued on Wednesday, the regulator said the allegations of abuse of dominance specifically concerned the arbitrary increase in the interest rate on home loans and the increase in the term of home loans by the bank on the basis of unilateral conditions in the loan agreement. PTI …

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