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Gross lending for January and February 2015 were 18% higher than 2013 Q1.

Year-on-year, Februarys lending figures represent a 36% uplift in gross second charge lending.

The latest Bank of England Credit Conditions Survey revealed that demand for secured lending for house purchases declined significantly in the first three months of the year but lenders were optimistic demand would regain its momentum in the second quarter.

Matt Tristram, co-founder and director of Loans Warehouse, said: Februarys figures are a clear indication that growth in secured lending continues to remain strong. Even though the mortgage market is slowing secured lending is becoming an alternative...

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Wells Fargo amp; Company (NYSE:WFC) has promoted Erick Strati to regional vice president of Commercial Banking for South Florida, one of the state’s most-diverse economies.

Strati leads a team of 17 Commercial Banking professionals who serve middle-market companies throughout South Florida. This region has experienced a resurgence of traditional industries such as construction, real estate, and professional services, as well as, continued growth in information technology, trade and international services.

Strati, a 17 -year company veteran, most recently served as a senior relationship manager for Commercial...

Investor Insights on Comerica Inc (NYSE:CMA)

[PRNewswire] Comerica Inc (NYSE:CMA)(TREND ANALYSIS)s Michigan Economic Activity Index increased in January, growing 0.3 percentage points to a level of 120.6. Januarys reading is 47 points, or 63 percent, above the index cyclical low of 73.8. The index averaged 117.6 points for all of 2014, three and three-tenths points above the index average for 2013. Decembers index reading was 120.3.
Our Michigan Economic Activity Index increased for the third consecutive month in January, indicating ongoing gains to the Michigan economy. Inputs to the headline index were mixed, with 5 out of 8 components increasing for the month, including payroll employment. We expect that the push to the Michigan...

The last day of the March argument calendar presents the Justices with two consumer bankruptcy cases. The second case is Bullard v. Blue Hills Bank, which presents a basic fact pattern doubtless repeated in tens (if not hundreds of thousands) of bankruptcy filings this decade: a bankrupt homeowner, whose home indisputably is worth far less than the mortgage that burdens it, with few other significant debts. Indeed, the Justices face that fact pattern three times this month (earlier this week in Caulkett and next Wednesday in this case and Harris v. Viegelahn).

As with Harris and Caulkett, the monetary stakes of this case are slight. But the similarities end there, for Bullard presents...

Can You Discharge Private Student Loans in Bankruptcy?

There’s a big misconception that private student loans can never be discharged in bankruptcy. People have repeated that statement so often they believe it to be a fact. The only problem is its not quite true.

Some private student loans are clearly eligible to be wiped away in a consumer bankruptcy. Even in a Chapter 7 bankruptcy, it takes only about 90 days to forgive the debt tax-free.

And while these special rules apply to private student loans that meet some criteria, all private students loans are no longer legally collectible once they have expired under the statute of limitations in your state. In that case, while they may be listed as a debt on your bankruptcy filing,...

Coming up

Events and programs

Civitan Club of North Columbus, showing of the Sundance Film Festival award-winning documentary Alive Inside, noon April 11 at Studio 35, 3055 Indianola Ave. The movie shows how the power of music gives hope to those affected with Alzheimers and their families. Tickets, $6.50, will be sold starting at 11 am Door prizes and a raffle will be included. Proceeds from ticket sales will support local charities and organizations such as the Clintonville-Beechwold Community Resources Center, the Ohio Special Olympics, the Down Syndrome Association of Central Ohio and others.

Storytellers of Central Ohio, storytelling and music program for families, 2 to 4 pm April...

The proposed no-interest loan scheme will provide interest free loans to a maximum value of £400 to people on low income in receipt of Working Tax Credit and other benefits.

Loans will be available for essential purchases such as white goods, or the means to access employment or education such as travel passes, school uniforms and equipment.

The scheme does not provide cash loans but works with local suppliers of goods and services to provide goods directly to lenders at competitive prices thus supporting the local economy as well as local people.

South Worcestershire CAB will provide office support and Malvern Hills District Council and Fortis Living have...

The last case of the March argument session, Bullard v. Blue Hills Bank, finished the Court’s foray into consumer bankruptcy. Unlike the narrow and low-stakes issue discussed the first hour of the day (in Harris v. Viegelahn), this case involves a question of great importance in consumer and commercial bankruptcies alike: can a debtor appeal a bankruptcy court’s decision to reject the debtor’s proposed plan? As in the earlier argument, the Justices found themselves largely unmoored by any statutory text and thus spent most of the argument debating the wisdom of permitting such appeals.

Accordingly, most of the argument involved considering whether debtors would have...

New face of the Indian Afghan

I felt like I was in hell. I could not speak properly and remembered my mothers admonition that I shouldnt go to my village in Afghanistan, recalls Zaffar Khan, 29, of the time he was caught and frisked by the Taliban on a secluded highway on his way to Paktika, his village, 140 km from Kabul.

Son of a quintessential Kabuliwala, an Afghan engaged in the business of lending money in Kolkata, Zaffar, then just 24, was in his country to promote the sport of rugby on the invitation of the Afghanistan government. As a student in Kolkata, he had learnt the game at Brigade Parade Ground with, among others, Paul Walsh, a former diplomat with the British High Commission.

Why are you carrying...

LAS VEGAS, March 30, 2015 (GLOBE NEWSWIRE) — Galaxy Gaming (OTC:GLXZ) announced today that Bryan W. Waters has agreed to join the Companys Board of Directors, effective April 1, 2015. Mr. Waters is a seasoned financial executive with over 25 years working in the banking and financial industry. Mr. Waters brings to Galaxys Board significant experience in finance, commercial banking, capital raising, financial turnaround, strategic and tactical planning.

A graduate of University of California, Los Angeles, Mr. Waters started his career with Wells Fargo Bank in 1988 where he held numerous positions, including President of the Southern Nevada region. In 2001, Mr. Waters...