Debt

FTC Sends More than $1 Million in Refunds to Victims of Student Loan Debt Relief Scam

Debt, Corporate crime, Federal Trade Commission, Economy, Debt relief, Articles, Government
Thursday, July 9, 2020 - 10:01pm

The Federal Trade Commission is mailing checks totaling more than $1 million to individuals who lost money to a student loan debt relief scam.

Key Points: 
  • The Federal Trade Commission is mailing checks totaling more than $1 million to individuals who lost money to a student loan debt relief scam.
  • The FTC alleged that the defendants falsely promised to forgive student loans, lower monthly payments, and reduce interest rates.
  • In 2019, FTC actions led to more than $232 million in refunds to consumers across the country.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

FTC Sends More than $1 Million in Refunds to Victims of Student Loan Debt Relief Scam

Debt, Corporate crime, Federal Trade Commission, Economy, Debt relief, Articles, Government
Thursday, July 9, 2020 - 10:01pm

The Federal Trade Commission is mailing checks totaling more than $1 million to individuals who lost money to a student loan debt relief scam.

Key Points: 
  • The Federal Trade Commission is mailing checks totaling more than $1 million to individuals who lost money to a student loan debt relief scam.
  • The FTC alleged that the defendants falsely promised to forgive student loans, lower monthly payments, and reduce interest rates.
  • In 2019, FTC actions led to more than $232 million in refunds to consumers across the country.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

Komet Announces Shares for Debt Transaction

Finance, Money, Economy, Stock market, Financial law, Equity securities, Credit, Share, Debt, Market capitalization, Security
Thursday, July 9, 2020 - 8:29pm

MONTREAL, July 09, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) announces today that its board of directors has approved the settlement of $2,556,718of debts through the issuance of common shares of the Corporation (the "Debt Settlement").

Key Points: 
  • MONTREAL, July 09, 2020 (GLOBE NEWSWIRE) -- Komet Resources Inc. (Komet or the Corporation) (TSX-V: KMT) announces today that its board of directors has approved the settlement of $2,556,718of debts through the issuance of common shares of the Corporation (the "Debt Settlement").
  • The creditor eligible to receive common shares as part of the shares for debt transaction is considered a related party of the Corporation within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101).
  • The shares for debt transaction is exempt from the valuation requirement and the minority approval requirement prescribed in MI 61-101 based on the fact that the fair market value of the related party participation in the shares for debt transaction does not exceed 25% of the Corporations market capitalization.
  • Shares issued as part of the shares for debt transaction will be subject to a statutory four-month hold period until November 10, 2020.

Corporate and Municipal Bond Issuers Ramp up Pre-Market Activity in June

Financial markets, Finance, Money, American Bankers Association, CUSIP, Market data, Debt, Bond, Municipal bond, Security, Bloomberg Barclays US Aggregate Bond Index
Thursday, July 9, 2020 - 4:40pm

CUSIP identifier requests for the broad category of U.S.- and Canada-issued equity and debt totaled 5,072 in June, up 17.3% from last month.

Key Points: 
  • CUSIP identifier requests for the broad category of U.S.- and Canada-issued equity and debt totaled 5,072 in June, up 17.3% from last month.
  • On a year-over-year basis, corporate CUSIP requests are up 9.1%.
  • The June 2020 monthly volume increases were focused in U.S. corporate equity, which grew 38.8% versus May 2020, and U.S. corporate debt, which was up 15.5%.
  • The aggregate total of all municipal securities including municipal bonds, long-term and short-term notes, and commercial paper climbed 14.7% versus May totals.

Homeownership Options For the Rest of Us

Debt, Leverage
Thursday, July 9, 2020 - 2:10pm

You're stir crazy, anxious and at the whim of your landlord.

Key Points: 
  • You're stir crazy, anxious and at the whim of your landlord.
  • Shrinking Your Monthly Costs.While you are building income streams, cut your monthly costs and watch your net worth grow.
  • We'll break it down for you and show you how to leverage these attributes to improve your bottom line.
  • Whether youre looking to save a down payment or set up a low-cost, alternative lifestyle, well break down hidden costs and savings for:

AmeriCash Loans Launches a Website Promising an Improved Customer Experience

Economy, Money, Finance, Credit, Loans, Debt, Payday loan
Thursday, July 9, 2020 - 1:00pm

In June 2020 AmeriCash Loans invited customers to explore its brand-new website.

Key Points: 
  • In June 2020 AmeriCash Loans invited customers to explore its brand-new website.
  • Understanding the need for faster speeds and improved navigation, AmeriCash Loans' new website features a modern design that lets customers quickly find and access important information.
  • "We are so excited to launch the new AmeriCashLoans.net for a better customer experience" says an AmeriCash Loans company spokesman.
  • The new and improved AmeriCashLoans.net is designed for everyone in mind, from applicants to returning customers, to curious minds looking for information through the variety of blogs offered on the AmeriCash Loans website.

Joint Statement by the Ad Hoc Bondholder Group and the Exchange Bondholder Group

Bankruptcy, Insolvency, Debt, Debt restructuring, Bond
Thursday, July 9, 2020 - 12:00am

However, it falls short of a proposal that can be supported by Argentina's most significant creditors.

Key Points: 
  • However, it falls short of a proposal that can be supported by Argentina's most significant creditors.
  • Neither the Ad Hoc Bondholder Group nor the Exchange Bondholder Group was consulted regarding the proposal's terms.
  • As a consequence, the proposal does not reflect the vitally-needed input of Argentina's largest creditor groups to deliver to Argentina a fully successful debt restructuring.
  • The Ad Hoc Argentine Bondholder Group is advised by White & Case LLP.

Joint Statement by the Ad Hoc Bondholder Group and the Exchange Bondholder Group

Bankruptcy, Insolvency, Debt, Debt restructuring, Bond
Wednesday, July 8, 2020 - 11:52pm

However, it falls short of a proposal that can be supported by Argentina's most significant creditors.

Key Points: 
  • However, it falls short of a proposal that can be supported by Argentina's most significant creditors.
  • Neither the Ad Hoc Bondholder Group nor the Exchange Bondholder Group was consulted regarding the proposal's terms.
  • As a consequence, the proposal does not reflect the vitally-needed input of Argentina's largest creditor groups to deliver to Argentina a fully successful debt restructuring.
  • The Ad Hoc Argentine Bondholder Group is advised by White & Case LLP.

Tripadvisor Announces Pricing of $500 Million Senior Notes Offering

Expedia Group, TripAdvisor, Operating systems, Software, Debt, Senior debt, Companies
Wednesday, July 8, 2020 - 1:30pm

NEEDHAM, Mass., July 8, 2020 /PRNewswire/ --Tripadvisor, Inc. (Nasdaq: TRIP) ("Tripadvisor") today announced that it has priced an offering of $500 million aggregate principal amount of new 7.000% senior notes due 2025 (the "Notes") in a private offering.

Key Points: 
  • NEEDHAM, Mass., July 8, 2020 /PRNewswire/ --Tripadvisor, Inc. (Nasdaq: TRIP) ("Tripadvisor") today announced that it has priced an offering of $500 million aggregate principal amount of new 7.000% senior notes due 2025 (the "Notes") in a private offering.
  • The Notes will be senior unsecured obligations of Tripadvisor and will be guaranteed by each of its domestic subsidiaries that guarantees Tripadvisor's credit facility.
  • Tripadvisor intends to use the net proceeds from the offering for general corporate purposes.
  • Any offers of the Notes and related guarantees are being made only by means of a private offering memorandum.

TrueAccord Finds Consumers Used Stimulus Checks to Pay Debts

Economy, Finance, Money, Credit, Debt, Financial law, Debt settlement
Tuesday, July 7, 2020 - 8:30pm

Key insights and trends from the report include:

Key Points: 
  • Key insights and trends from the report include:
    Consumers chose to leverage their CARES Act cash to pay down debt.
  • On April 15th, there was a near-instantaneous increase in debt payments as the first wave of checks hit bank accounts.
  • With stimulus checks in hand, consumers flocked toward paying off their debt in full the rate of lump-sum payments was 50% higher than the same period last year.
  • While stimulus payments and unemployment benefits empowered consumers to pay off debt in record numbers in April and May, that trend won't remain constant over the coming months.