New York Plans to Sue Student Loan Company (New York Times)
The attorney general is preparing a lawsuit against Goal Financial, charging that the lender broke laws by luring borrowers with cash and gifts and that it misled consumers about loan terms.
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New York to sue student loan company: report (Reuters via Yahoo! News)
New York's state attorney general is planning to sue the student loan company, Goal Financial, accusing it of engaging in illegal practices to lure customers, the New York Times reported on Thursday.
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Perak can play in AFC Cup, thanks to FAM loan (The Star)
GEORGE TOWN: Cash strapped Perak will get to see through their commitments in the quarter-finals of the AFC Cup tournament. The FA of Malaysia (FAM) have granted them a US$20,000 loan and this enables them to travel to Lebanon for the away match against SAFA on Sept 23.
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Two Brokers Accused of Securities Fraud (New York Times)
The broker said the securities were as safe as cash. After all, he claimed, the outfit that issued them, Glacier Education Loan, bought student loans guaranteed by the federal government.
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SUSAN TOMPOR: Quick cash still carries a high price (Detroit Free Press)
Cash-stretched consumers are dishing out up to nearly $36 just to get a $250 two-week payday loan in Michigan. Sadly, someone whose wallet is running on empty does whatever it takes to get fast cash.
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National City offers cash to cut equity lines (Financial Times)
National City , the US bank that has been among the hardest hit by the subprime crisis, is trying to reduce its exposure to the riskiest category of home loans by offering customers cash to close their untapped home equity lines.
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UAW Local 1069 head indicted in loan scheme (Delaware County Times)
United Aerospace Workers Local 1069 President Tony Forte Jr., and his brother, David Forte, were indicted by a grand jury Thursday on 175 counts of conspiracy, loan fraud and bank bribery in a kickback scheme that allegedly netted them more than $105,000 for more than $2.5 million in fraudulent loans.
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Rafa worried by cash-rich City (TeamTalk via Yahoo! UK & Ireland Sport)
Rafa Benitez welcomed new boy Albert Riera to Liverpool - then admitted the player's former employers could be title rivals this season.The Spanish winger spent six months on loan with Manchester City in his previous spell in English football and although it was an unmemorable stint for player and club, the prospects of both have flourished this week.
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Agency for seniors gets county loan (The Union Democrat)
A loan the Tuolumne County Board of Supervisors approved Tuesday to a local social welfare agency serving Tuolumne and Calaveras counties illustrates the budget difficulties facing California.
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Litigation funding violates usury laws, appeals court rules (Greensboro News & Record)
When is a loan not a loan? That depends on how you define “loan.” The simple definition could bring big changes for dozens of companies that give money to personal injury victims who need cash while they’re suing for damages. Opponents contend these litigation-funding companies are lenders that charge high interest rates — as much as 100 percent a year. The companies contend they are ...
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