Financial education key to reducing student loan stress

It is estimated that a quarter of American adults currently have student loans to pay off, and most do not have the financial literacy to manage debt successfully. The average student in the Class of 2016 has $37,172 in student ...

Negative interest rate policies are backfiring: new research

Negative interest rate policies—where nominal rates are set below zero percent—have been introduced in Europe and Japan to stimulate flagging economies but research from the University of Bath shows the unconventional ...

Most mortgage meltdowns not caused by subprimes

Subprime mortgages were not the main reason behind the housing crisis that started in 2009 and continues to bedevil the faltering U.S. economy, according to a University of Michigan study.

Japan's DoCoMo eyes cash transfer by cellphone

Japan's top mobile telephone operator NTT DoCoMo said Wednesday it aimed to launch a new service enabling cash transfers simply by entering the recipient's cellphone number.

Racial segregation key factor in subprime lending

(PhysOrg.com) -- New study examines impact of segregation on the prevalence of high-cost loans in U.S. metro areas. Subprime loans disproportionately located in segregated areas.

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