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NYDIG plans to use float financing for Bitcoin-backed loans. Float financing aims to lower loan costs and reduce Bitcoin sales. The move could increase Bitcoin’s demand and institutional adoption. NYDIG is ready to reshape the Bitcoin lending market with a new strategy using float financing. This move could offer Bitcoin holders more liquidity options without … Read more
Diamcor Mining announces a revised term loan financing of up to CAD$1,000,000. The unsecured loans will carry a 15% annual interest rate and include the issuance of 400,000 common shares per CAD$100,000 of principal advanced. The loans will mature in 12 months from closing, with no warrants being issued. Management … Read more
Experts are sounding the alarm over a new report indicating credit card loan defaults soared this year, warning the dam is about to break on Americans’ record-high consumer debt. During the first nine months of 2024, lenders wrote off more than $46 billion in seriously delinquent credit card loans, according to a report from the Financial Times … Read more
Richard Drury/ Getty Images; Illustration by Austin Courregé/Bankrate HELOC rates again came in lower this week, with the the $30,000 home equity line of credit dropping to an average of 8.36 percent — closing out 2024 with a record low for the year, according to Bankrate’s national survey of lenders. In contrast, the average $30,000 … Read more
Time after time, fixed income investors have faced the difficult decision of choosing between bank loans or high yield bonds. The general wisdom for this debate has been that bank loans can carry lower risk than high yield bonds. However, with lower risk comes lower potential for upside. Broadly speaking, high yield bonds brought in … Read more
It’s been a stressful time to have student loans. Between payment pauses and the courts disputing the legality of the Biden administration’s SAVE repayment plan, there are many questions about what will happen next. Elaine Rubin, a higher education policy expert As a student loan expert with more than 15 years of experience in the … Read more
US President Joe Biden delivers remarks on December 29, 2024. The Biden administration has suspended … [+] student loan forgiveness processing for a key program as part of a long-planned transition. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) AFP via Getty Images The Education Department has paused application processing … Read more
The Biden administration cancelled the US Loan Forgiveness programs set up to aid students because difficulties are likely under any future Trump administration. The residents in America, including the students, need to be well aware of all the declarations by the authorities that could influence their living standards. Department officials declared the relief program, such … Read more
Credit union loans increased 0.4 percent in October, according to America’s Credit Unions’ latest Monthly Credit Union Estimates. © Shutterstock The 0.4 percent increase is that same as it was in September of 2024 and October of 2023. Home equity loans had the highest growth rate in the quarter, rising 3.3 percent, followed by other … Read more
KELLOG, Idaho and VANCOUVER, British Columbia, Dec. 31, 2024 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V:BNKR; OTCQB:BHLL) announces that it has closed the fifth tranche of the previously announced silver loan with Monetary Metals Bond III LLC (the “LLC”), an entity established by Monetary Metals & Co. (“MM”), in … Read more