According to the New York Times, the SEC fined cryptocurrency lending firm Nexo for violating federal securities law. Questions: Source: Yaffe-Bellany, D. (2023) Crypto Lender Nexo Is Fined $45 Million as Crackdown Widens. The New York Times, Jan. 19 (Retrievable online at https://www.nytimes.com/2023/01/19/business/nexo-sec-crypto-fined.html?)
Posts Tagged: lender
Student Loan Forgiveness – To Forgive or not to Forgive, that is the Question!
It’s been over a month since fifteen former students of Corinthian Colleges said they would not pay a dime of their student loans because the school broke the law. The failing for-profit giant used deceptive marketing and lied to the government about its graduation rates. The Consumer Financial Protection Bureau invited a group of these… Read more »
The Fine Print of Reverse Mortgages
Children of elderly borrowers are now learning how their parents’ reverse mortgages are threatening their own inheritances. Questions: 1. Under federal rules for reverse mortgages, what options are survivors suppose to be offered when their parents die? 2. All reverse mortgages require the borrower to pay into a federal insurance fund each month. What is… Read more »