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The ink has barely dried on the GENIUS Act, but it is already pushing big banks toward digital assets. JPMorgan Chase is reportedly exploring the idea of letting clients use cryptocurrency as collateral for loans, showing a clear change in how the U.S. banking sector may engage with crypto moving forward. The JPMorgan crypto loan … Read more
Life often throws us unexpected financial challenges, whether it’s an urgent car repair, an unexpectedly high bill, or an emergency that requires immediate action. When you find yourself asking, “How can I get money fast?”, one potential solution could be the Cashfloat same day loan . This option aims to provide speedy financial relief for … Read more
The new tax break will be available even to people who don’t itemize deductions. But there are some caveats that could limit its reach. The vehicles must be new, not used. They must be assembled in the U.S. And the loans must be issued no sooner than this year, to list just a few qualifications. … Read more
The U.S. is inviting a debt shock if it continues on its current trajectory, which is starting to look like unsustainable student loans, according to Jared Bernstein, who previously served as the chair of President Joe Biden’s Council of Economic Advisers. In a New York Times op-ed on Wednesday, he acknowledged that he was once … Read more
Student loan borrowers are facing a brutal new era, as the Trump administration begins to garnish the wages of people in default, and millions who were part of a Biden-era repayment program are hit with interest payments once more. The slow-motion crisis is only getting worse, but there are ways for employers to step in … Read more
Student loan borrowers have been on a wild ride over the past few years. The onetime dream of widespread debt forgiveness has been extinguished, and a five-year reprieve for people who had defaulted on student loans expired in May of this year. This summer, the Trump administration will garnish the wages, tax refunds, and federal … Read more
TKTKTK This story was originally featured on Fortune.com
The Trump administration is moving to consider cryptocurrency as an asset in home loan risk assessments, a change that would significantly broaden crypto’s role in the American traditional finance system. The U.S. Federal Housing Finance Agency (FHFA) sent a directive to Fannie Mae and Freddie Mac on Wednesday asking both enterprises to prepare to adjust … Read more
Key Takeaways The US housing finance regulator wants Fannie Mae and Freddie Mac to draft plans that treat crypto as part of a borrower’s assets for mortgage review. Crypto holdings can be counted directly in mortgage underwriting if the proposals are approved. Share this article The US Federal Housing Finance Agency (FHFA) has directed mortgage … Read more
Cranes surround one of the two reactors being constructed at Hinkley Point C on September 27, 2024 in Bridgwater, England. Anna Barclay | Getty Images News | Getty Images U.S. asset management giant Apollo is set to provide a £4.5 billion ($6 billion) loan to plug a shortfall facing U.K. nuclear project Hinkley Point. The deal was first reported … Read more
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