13 Feb

Orix Buys RBS Shipping Loans

Orix Buys RBS Shipping Loans
Japanese financial services firm Orix Corp has agreed to buy $ 290 million (272 million euros) worth of Greek shipping loans from Royal Bank of Scotland (RBS), Reuters reported quoting sources with direct knowledge of the deal. Reuters reported last month …
Marine Link

Auto Loans Up, Delinquencies Down
Auto lending is up and delinquencies are down, according data cruncher Equifax. The firm’s latest credit-trend report says the total balance of auto financing mid-way through 2014 is $ 902.2 billion, a record high. It’s an increase of more than 10% from …
Wards Auto

Borrowing from the Future: 401(k) Loans and Their Consequences
In a new paper titled, “Borrowing from the Future: 401(k) Plan Loans and Loan Defaults,” Olivia S. Mitchell, Wharton professor of business economics and public policy, analyzes the loans people take from their 401(k) pension plans, why they take these …

4 Dirty Secrets of So-Called Installment Loans
There’s been a lot of chatter about the risk of payday loans lately, prompted by a new report from the Consumer Financial Protection Bureau that called them “a long-term, expensive debt burden.” But there’s another, fast-growing category of small …
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