January 2021

DUBLIN, Jan.29 (Reuters) - Permanent tsb (PTSB) has retained investment bank Morgan Stanley to advise on a possible offer on Ulster Bank's Irish portfolio of small and medium-sized business loans if its more big rival decides to leave the…

The permanent TSB has retained investment bank Morgan Stanley to advise it on a potential offer on Ulster Bank's Irish small and medium-sized loan portfolio if its biggest rival decides to exit the market, according to a Irish Times…

If you're a homeowner looking for a way to lower your monthly mortgage payments and have a lump sum amount you can use, mortgage redesign might be a good option.How the mortgage overhaul worksIn the event that you end up with a large sum…

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Hyderabad: A month after Telangana police began a crackdown on illegal instant loan apps following the suicides of five people, the investigation has revealed a deeper Chinese connection to the scam. Police arrested at least four Chinese…

The Directorate of Law Enforcement (ED) and Criminal Investigation Departments (CID) of various state police departments have begun investigating at least two dozen fake and predatory digital loan apps, many of them are backed by Chinese…

Three are from different companies that provide loans through mobile phone apps Three people, including the manager of an app-based instant loan company, were arrested by Pet-Basheerabad police on Friday in connection with the…

The rate of inflation in the midst of the pandemic has made living very difficult and expensive, causing financial stress for many. To deal with such emergencies, banks and NBFCs offer personal loans to individuals. These are unsecured…

The Consumer Financial Protection Bureau has issued a final rule that implements a requirement of the Economic Growth, Regulatory Relaxation and Consumer Protection Act. The rule exempts certain deposit-taking institutions and insured…

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Nearly two months after the death of a soap opera author suicide due to alleged bullying by loan sharks on mobile apps, his family received threats about loans he either never took or repaid in full. Charkop Police have now registered an…

In their ongoing investigation against instant loan apps, Rachakonda police arrested another Chinese national on Wednesday. The 26-year-old Chinese national, identified as He. Jian, alias Mark, is from the Chinese province of Jiangxi. He…

A large percentage of instant loan apps have the same software backend, but different front-end branding. Chinese investors then bring these applications to India with proxy administrators.Bhumana Prasad, a resident of Hyderabad, took a…

Express press service KOZHIKODE: Cash-strapped, Rohith (name changed), from Kozhikode, borrowed 10,000 rupees from a Chinese app-based lender for six days in April last year. He had to repay Rs 21,000, including…

Visakhapatnam city police on Monday arrested a loan collector for allegedly playing a key role in the alleged suicide of a 25-year-old woman, Mandava Ahalada of Gajuwaka. The arrest has been identified as Pune-based Goutham Mule, working…

Another case of suicide due to harassment by unauthorized digital lending mobile apps was reported in Telangana on Friday. In Rajanna-Sircilla district, a 24-year-old man ended his life by hanging from a ceiling fan. This is the sixth case…

Xia Ya Mau, Yuvan Lun, CR Pavan and S Pramoda (clockwise from top left) CHENNAI: Investigators investigating the illegal microfinance racketeering case in which four people, including two Chinese nationals, were arrested in Bangalore on…

While you might be anxious to become a homeowner, homeownership comes with its own set of challenges. If you're a struggling homeowner and you're working hard to make your mortgage payment, your lender might be willing to come up with a…

Instant loan: The ED has put under its scanner the alleged fraud cases of instant loan sanction via mobile applications, recently reported from Telangana and Tamil Nadu, as part of its investigation into money laundering in a scam online…

Continuing their investigation into alleged financial irregularities of app-based instant loan companies, Hyderabad Cybercrime Police have arrested a woman who ran a recovery call center in Bangalore. The accused, Keerthi, 31, of ANNIU…

CHENNAI: Police in Chennai have arrested four people, including two Chinese nationals, and unearthed a vast network of illegal micro-finance apps offering instant loans at interest rates of up to 36%. According to law enforcement sources,…

India oi-Vicky Nanjappa | Posted: Sunday Jan 3, 2021 9:50 a.m. Chennai, 03 Jan: Two Chinese nationals and as many Indian nationals have been arrested for allegedly operating instant loan applications, police…

In recent times, there have been numerous cases of app-based money lenders harassing borrowers for repayment which has led to suicides. Chennai | By Press Trust of India | Posted by Deepali Sharma Two Chinese nationals and as…

Hyderabad: It turns out that the majority of the victims of the loan application scam are well-educated people and IT professionals. Police said they wrote to Google urging it to remove 158 instant loan apps from the Google Play Store.…

Another Chinese national who has set up operations in India is currently overseas, police said. (To file)Hyderabad: Hyderabad Police have arrested a Chinese national as part of their ongoing investigation into a multi-crore…