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PETALING JAYA: Bank Negara, in a series of studies and tests to assess the financial health of borrowers, has outlined three scenarios that would impact a borrower’s debt-repayment capacity.
WASHINGTON: The largest U.S. student loan servicer, Navient Corp, cheated borrowers out of billions of dollars, often by deceiving them about repayment options and their legal rights, the U.S. consumer financial watchdog said on Wednesday as it announced a lawsuit against the company.
NEW YORK (AP) - Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remain in their homes - making Citi the latest big bank to announce sweeping efforts to try to curtail losses from souring mortgages.
MELAKA: National Higher Education Fund Corporation (PTPTN) borrowers who have been listed in the Central Credit Reference Information System (CCRIS) have no problems getting a bank loan to buy their first home, says Bank Negara Malaysia.
HONG KONG: Credit conditions for Asia-Pacific borrowers could become less favourable in the coming years, raising refinancing risk as weak commodities and slow growth take their toll against the backdrop of a strong dollar, rating agency Standard & Poor’s warned.
KUALA LUMPUR: The Malaysian banking system is facilitative to borrowers and in fact, one of the most supportive in the world, according to CIMB Group chief executive Datuk Seri Nazir Razak.