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On December 19, George W. Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, "allowing the U.S. auto industry to collapse is not a responsible course of action."
Since the start of the COVID-19 pandemic, student loan borrowers have faced a series of ever-changing rules, false starts on loan forgiveness and confusion. Payments were paused during the ...
Automakers are fearful of being tagged as seeking a new government bailout so soon after the 2009 government-funded auto restructurings. Detroit has not sought industry-specific assistance ...
Senate Democrats today unveiled a student loan relief plan in response to the coronavirus. Senate Democrats: Cancel student loan payments and $10,000 in debt amid coronavirus [Video] Skip to main ...
Lewenza disagreed, saying that the bailout should be seen by Canadians as a loan that will be paid back when the country's economy is prosperous again. [7] On December 20, the government of Canada and the province of Ontario offered $3.3 billion in loans to the auto industry.
The Trump administration will stop seizing wages, tax refunds, and Social Security benefits of Americans who have defaulted on their federal student loans as the new coronavirus or COVID-19 ...
Since 1994, ECMC has operated in the areas of student loan bankruptcy management and loan collection. ECMC is one of a number of guaranty agencies that oversee student loans for the United States Department of Education. As a guarantor working on behalf of the U.S. Department of Education, ECMC charges fees to debtors and earns commissions from ...
House Representatives Ayanna Pressley (D-MA) and Ilhan Omar (D-MN) are proposing to cancel $30,000 in student debt to help borrowers adversely affected by the coronavirus, or COVID-19.