Lanzhou Loan Sharks Responsible for 89 Suicides, CCTV Says

Ruben Onsu

A notorious Chinese loan shark operation led to the deaths of 89 people and victimized hundreds of thousands of others before being busted by police in 2019, a documentary aired on state television revealed Saturday.

According to China Central Television, loan sharks operating out of the city of Lanzhou in the northwestern Gansu province preyed upon more than 390,000 people before local police intervened. Of them, 89 killed themselves after falling into heavy debt.

“Every day, every day, every day, every day repaying (debts). I can’t take it anymore,” one victim featured in the documentary is heard saying in a

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After Student Loan Relief Bills, Dems Aim for $50,000 Loan Forgiveness

Ruben Onsu
  • Democratic Senators touted new student loan relief to push Biden to cancel $50,000 worth of debt. 
  • Sens. Warren and Menendez added an amendment in the stimulus to ease loan forgiveness. 
  • The amendment, now law, ensures student debt that’s forgiven isn’t taxable. 
  • See more stories on Insider’s business page.

After additional student loan relief measures were announced on Monday, Democratic senators touted the change and further pushed for President Joe Biden to cancel $50,000 of student loan debt. 

Education Secretary Miguel Cardona canceled student debt for 41,000 borrowers with disabilities and removed the requirement to submit income documentation for over

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Education Dept. Restores Disability Student Loan Debt Relief For Some Borrowers : NPR

Ruben Onsu

Drew Lehman of Lansdale, Pa., became unable to work after a traumatic car accident. He is currently navigating the confusing, bureaucratic process of getting his federal student loans discharged.

/Natalie Piserchio for NPR


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/Natalie Piserchio for NPR

Drew Lehman of Lansdale, Pa., became unable to work after a traumatic car accident. He is currently navigating the confusing, bureaucratic process of getting his federal student loans discharged.

/Natalie Piserchio for NPR

The U.S. Department of Education says it will erase the federal student loan debts of tens of thousands of borrowers who can no longer work because

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How the Fannie Mae HomeStyle Loan Works: Process & Rules

Ruben Onsu

Buy a home and fix it up with Fannie Mae’s HomeStyle loan

Renovating a home often means taking one loan for the purchase and another for the renovation. And sometimes you may need to refinance your mortgage to pay down the renovation loan. Talk about expensive and time-consuming!

A HomeStyle Renovation loan can solve that problem.

The Fannie Mae HomeStyle loan lets you buy or refinance a home, and renovate it using the same single mortgage — which can save you a whole pile of money and hassle.

Fannie Mae’s HomeStyle loan is lesser known than the similar FHA 203k

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Roofing executive convicted in $2M PPP loan scam | Business Observer

Ruben Onsu

A federal jury convicted Casey David Crowther, 35, of Fort Myers, in a PPP loan fraud case where authorities alleged the roofing company executive bought a $700,000 boat, among other expenditures, with the ill-gotten gains.    

The president of Fort Myers-based Target Roofing & Sheet Metal, Crowther was convicted of bank fraud, making a false statement to a lending institution and two counts of money laundering. Prior to that trial and March 26 conviction, Crowther plead guilty to one count of bank fraud and one count of making a false statement to a financial institution related to a mortgage fraud scheme.

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Senator Warren invites CEO of student loan giant chief Navient to debt burden hearing

Ruben Onsu

The Daily Beast

A Democrat Invited Migrant Kids to a Notorious Florida Facility. It Did Not Go Over Well.

Tom Williams/CQ Roll CallMIAMI— On Monday afternoon, Carrie Feit paced the sidewalk along the perimeter of a sprawling federally-owned complex across the street from an air force base in Homestead, Florida. It’s been more than a year since the property was last used to detain more than 2,000 immigrant children who crossed the border without an adult or who had been separated from their family members. The site was shut down during the Trump era amid an avalanche of scandals, including

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