Hps seeks 600m for distressed mid market loans

After a three-year break, student loan payments are about to come due again. The payment pause on federal loans has been extended eight times since March 2020 as part of a pandemic relief measure. This time, however, the big restart has been written into legislation: As part of the agreement between President Biden and Speaker Kevin McCarthy to raise the debt ceiling , the pause button would be released “60 days after June 30,” or around Sept. 1. That isn’t much different from the timeline that Mr. Biden previously laid out, but codifying it may give him less leeway to extend the pause yet again. The payment break has provided relief for roughly 27 million borrowers and another seven million in default, who received a reprieve from wage garnishment and other collection efforts. Interest had also stopped accruing during that time. Your finances may look completely different from what they were three years ago, which is why borrowers should take a moment to evaluate where they … [Read more...] about The Student Loan Payment Pause Is Ending. Here’s How to Prepare.

8 Politics & Government Many midsize banks across the country, including 5 in Florida, are asking regulators to fully insure deposits for the next 2 years. Deb Belt , Patch Staff Posted Replies FLORIDA — A coalition of midsize banks across the country, whose members include several in Florida, has asked federal regulators to fully insure all deposits for the next two years, Bloomberg reported. In their letter, seen by Bloomberg, the Mid-Size Bank Coalition of America said guaranteeing FDIC insurance on all deposits will help stabilize the banking system and restore confidence in it to avoid further bank runs. Deposits at FDIC-insured banks are covered up to $250,000. The five member banks in Florida are: City National Bank of Florida, based in Miami SeaCoast Bank, based in Stuart Raymond James Bank, based in St. Petersburg BankUnited, based in Miami Lakes TIAA Bank, based in Jacksonville The … [Read more...] about Midsize Banks Seek 2-Year FDIC Guarantee: What It Means For FL Banks

When the housing crisis sent the American economy to the brink of disaster in 2008, millions of people lost their homes. The banking system had failed homeowners and their families. New investors soon swept in — mainly private equity firms — promising to do better. But some of these new investors are repeating the mistakes that banks committed throughout the housing crisis, an investigation by The New York Times has found. They are quickly foreclosing on homeowners. They are losing families’ mortgage paperwork, much as the banks did. And many of these practices were enabled by the federal government, which sold tens of thousands of discounted mortgages to private equity investors, while making few demands on how they treated struggling homeowners. The rising importance of private equity in the housing market is one of the most consequential transformations of the post-crisis American financial landscape. A home, after all, is the single largest investment most families will … [Read more...] about How Housing’s New Players Spiraled Into Banks’ Old Mistakes

For years, Pride Month, the annual celebration for L.G.B.T.Q. Americans, has afforded companies a marketing opportunity to tap into the buying power of a group with growing financial, political and social clout. Yet, while these efforts have always faced some opposition, brands and marketers say the country’s current political environment — especially around transgender issues — has made this year’s campaigns more complicated. This week Target became the latest company to rethink its approach after facing criticism for its Pride collection, which included clothes and books for children that drew outrage from some on the right. The retailer moved its Pride displays, — including rainbow-striped collared shirts, yellow hoodies reading “Not a Phase” and baby clothing and accessories — from the entrances of some Target stores around the country and placed them in the back. Target said it was concerned “about threats impacting our team members’ sense of safety and well-being while at … [Read more...] about Brands Embracing Pride Month Confront a Volatile Political Climate

Retailers this year are reaching peak pumpkin before most consumers have changed out of their summer shorts. Think Christmas creep, but orange: A slew of pumpkin-flavored products inspired by fall are turning up earlier each year, arriving in July and August as a harbinger of a season that this year doesn’t officially begin until Sept. 22. And there are stirrings of a pumpkin spice pushback among many consumers who say they aren’t ready for a shift from bikinis to beanies. Stay in your lane, pumpkin spice. It's still summer. #oneseasonatatime pic.twitter.com/sTwlFZEG28 — KD Proctor (@kdpwrites) July 15, 2017 Social media is loaded with passionate advocates of the flavor. But some declared that, with pumpkin spice showing up in pet food, chips, butter and more items, it’s time for the flavor to exit the zeitgeist. Liz Dunn, founder of Talmage Advisors, a brand strategy consulting firm, said makers of pumpkin spice products were trying to capitalize on … [Read more...] about Pumpkin Spice Glut Arrives Earlier Than Ever

See the article in its original context from October 11, 1998 Section Page Buy Reprints View on timesmachine TimesMachine is an exclusive benefit for home delivery and digital subscribers. Clark M. Clifford, the silver-haired Brahmin of the nation's political establishment who advised Presidents across half a century of American history, died yesterday morning at the age of 91 at his home in Bethesda, Md. A Secretary of Defense for one President, friend and confidant of three others, Mr. Clifford frequently played the role of capital Wise Man in inner sanctum crises, helping President Harry S. Truman keep peace with labor and warning President Lyndon B. Johnson about the folly of the Vietnam War. With a gentle drawl and an insider's run of the halls of power, Mr. Clifford was consulted as well by Presidents John F. Kennedy and Jimmy Carter, bridging the nation's postwar political era until he ran afoul of legal troubles in high-finance brokering. For all the … [Read more...] about Clark Clifford, a Major Adviser To Four Presidents, Is Dead at 91