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Tag Archives: Debt
Settlement Cancels $330 Million is Private Loans to ITT Students
An agreement involving a federal regulator and attorney generals from 47 states came to the agreement that covered debts of tens of thousands of former students of ITT Technical Institute. Those covered incurred the debt through ITT’s Peak loan program … Continue reading
Feds Make Another Arrest Amid Allegations of More Than $1 Billion in Bad PPP Loans
The feds made another arrest in connection with Paycheck Protection Program loan fraud. Attorney Jae H Choi of Fort Lee, N.J. has been accused of obtaining close to $9 million in PPP loans under fraudulent circumstances. Choi has been charged … Continue reading
Federal Grand Jury Indicts Large Kansas City Landlord
A Federal Grand Jury in St Louis indicted one of Kansas City’s biggest apartment landlords after a year of investigations that uncovered terrible living conditions across multiple Kansas City area apartments. Michael Fein, owner and vice president of TEH Management … Continue reading
Coca-Cola Cuts Thousands of Jobs as Coronavirus Hits Sales
Coca-Cola Co. joined a long list of big U.U. companies in laying off thousands of workers due to the coronavirus crisis. The company is offering voluntary deals across its businesses and promising to halve its number of operating units. They … Continue reading
CFPB Settles with Third Mortgage Company With Regards to Deceptive Advertisements
On August 21, 2020 the Consumer Financial Protection Bureau (CFPB) issued a consent order against California licensed mortgage broker and lender, Go Direct Lenders, Inc. Go Direct offers mortgages guaranteed by the United States Department of Veteran Affairs (VA). Go … Continue reading
Mortgage Delinquencies of 90 Days or More at 10 Year High
Serious mortgage delinquencies hit a 10 year high in July according to a report by financial data firm Black Knight. According to Black Knight, the number of homes with mortgages with delinquencies of 90 days or more but not in … Continue reading
Bed Bath & Beyond Cuts 2,800 Jobs
Bed Bath & Beyond said that it is cutting about 5% (2,800 jobs) of its overall workforce at its corporate headquarters and stores as the retailer looks to shift its business online, reports the Associated Press. The job cuts should … Continue reading
California Pizza Kitchen Files for Bankruptcy
California Pizza Kitchen Inc. of Houston has filed for bankruptcy. The company operates more than 200 restaurants but has plans of restructuring. According to documents from the US Bankruptcy Court of Southern District of Texas, the restaurant was forced to … Continue reading
Lord and Taylor File for Bankruptcy
Joining the slew of unfortunate bankruptcy filings, US retailer, Lord and Taylor, has been named the next victim according to the US Bankruptcy Court for the Eastern District of Virginia. With assets and liabilities ranging from $100 million to $500 … Continue reading
Men’s Wearhouse Corporation Files for Bankruptcy
Tailored Brands Inc., the owner of Men’s Wearhouse and Jos. A. Bank, filed for bankruptcy in the US Bankruptcy Court in Houston. These unfortunate and unforeseen circumstances caused by the pandemic, are making it truly difficult to stay afloat in … Continue reading