Banking

What to do if your spouse has credit card debt

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. Most experts would agree that talking about your finances is something every couple should do, especially before …

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Loan Moratorium: SC Begins Hearing on Interest Waiver Case

The Supreme Court hearing on the loan interest waiver case has started. Petitioners, including builders, power producers and real estate agents, had appealed to the Supreme Court to seek redress in terms of interest rates charged by banks and NBFCs. The SC could now decide if these petitioners will get …

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Digital bank Ando promises transparent green investments

A new digital bank called Ando promises to invest only customer money in green initiatives, providing users with a level of transparency that its CEO says is lacking among traditional institutions. “There are a lot of different banks that say they’re green and they have all these different green investments,” …

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Man blows $ 30,000 in PPP money in Las Vegas

PROVIDENCE, RI (AP) – A convicted Rhode Island bank robber fraudulently obtained $ 600,000 in recoverable federal business loans and spent $ 30,000 in Las Vegas before being arrested, federal prosecutors said Tuesday. Michael Moller, 41, of Middletown, was held without bail pending trial in a federal court appearance Tuesday. …

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Deferral of IMEs may mean no new loans

It has been sufficiently emphasized that the postponement of equivalent monthly payments (IEM) —through the moratorium facility provided by the Reserve Bank of India (RBI) until the end of August — will lead to an increase in the total interest cost of the loan. However, there is another unintended consequence …

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