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Senate Passes Bill Allowing SBA to Guarantee More Small Business Loans
BTW
Earlier this month, the Senate passed a bill that will allow the Small Business Administration (SBA) to raise its cap for 7(a) general business loans by 15 percent. H.R. 4743, introduced by House Committee on Small Business Chairman Steve Chabot (R-OH ...


Banks Put Under Pressure on Bad Loans in Franco-German Plan
Bloomberg
Banks in the euro area should aim to reduce non-performing loans to 5 percent of total loans, according to a French and German plan to strengthen the currency bloc. The would force lenders in some countries, such as Greece, Italy and Portugal, to ...


U.S. News & World Report

Major Chinese Lenders Made Illegal Loans, Beijing's Audit Office Says
U.S. News & World Report
BEIJING (Reuters) - Three of China's largest lenders have made illegal loans to polluting industries and the property sector, and have exacerbated local government debt through loans to local financing vehicles, the National Audit Office said on Wednesday.

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People are getting loans to pay for their vacations
MarketWatch
Similar companies, including Airfordable and BookIt.com's PayDelay, specialize in travel installment loans. And lenders that typically offer personal loans, including Affirm and Marcus by Goldman Sachs, also advertise “travel” or “vacation” loans.

 




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