July 9, 2015 |
Through a season of injuries, Union rookie Eric Bird hasn't gotten on the field for a Major League Soccer game. But he said he was grateful that the team allowed him to leave for a few days to attend the Women's World Cup final in Vancouver. Bird, 22, had a special rooting interest. He is dating midfielder Morgan Brian, who at 22 was the youngest member of the World Cup team. The two met while both were attending Virginia and have been dating nearly two years. "It was an extremely proud moment of mine going there," Bird said after the Union's practice Tuesday at PPL Park.
June 20, 2015 |
Nine years ago, New York-based investment-fund promoter CanAm Enterprises used money from overseas investors seeking U.S. visas to lend money to a hospice business in a sprawling Northeast Philadelphia office and warehouse complex. Six years later, CanAm took over the property while Home Care Hospice's operator fought Medicare-fraud charges that eventually got him a 14-year prison term. Now, CanAm, which has joined with Philadelphia Industrial Development Corp. on at least two dozen loans for job-creating businesses - may be closing the book on the troubled transaction.
June 17, 2015
AS CLERGY, our lives revolve around the religious calendars. For our Jewish brothers and sisters, September's Yom Kippur is a time of quiet reflection and atonement, followed by the celebration of Rosh Hashanah, the Jewish New Year. Christians follow the familiar rhythms of the liturgical calendar, celebrating Christmas every December and Easter every spring. And nearly every spring for the last three years, clergy from across Pennsylvania sent urgent pleas to Harrisburg to stop predatory payday lenders who are seeking permission to charge usurious, triple-digit interest rates in the Keystone State.
June 13, 2015 |
Hatchet chops to the wrist, hammer blows to the fingers, and, if all else failed, menacing promises of visits from "Italian friends" in New York were among the threats deployed by a violent Albanian loan-sharking and gambling operation run out of a Mayfair bar. But as the group's leader, Ylli Gjeli, 49, was sentenced Thursday to 14 years in prison on federal racketeering conspiracy charges, he insisted that he - and not his borrowers - was the true...
May 18, 2015 |
The Union have confirmed that goalie Brian Sylvestre's short-term loan has been extended for eight weeks. Sylvestre was on a short-term loan from the Carolina RailHawks of the North American Soccer League. In addition, the Union loaned rookie forward Dzenan Catic to the RailHawks. Catic has not seen action this year for the Union. The Inquirer reported on Friday that the deal was agreed to , but it had to await approval from Major League Soccer. Sylvestre is expected to be the starter in Sunday's 7 p.m. game at PPL Park against D.C. United (6-1-3)
May 16, 2015 |
The Consumer Financial Protection Bureau (CFPB) on Thursday began a public inquiry into student loans. The bureau is seeking information from the public including: industry practices that create repayment challenges; hurdles for distressed borrowers; and economic incentives that may affect the quality of loan servicing. To give information about your student loan repayment problems, visit the CFPB's website ( www.consumerfinance.gov ). The CFPB asks the public to not include account numbers or Social Security numbers when filing.
May 9, 2015 |
One of the bank bosses accused of lying to investors and regulators says it was a long-standing practice at the former Wilmington Trust Corp. to claim that millions of dollars in "turd loans" to developers were being paid - even when they were not. It wasn't the only bank that collapsed amid the late 2000s financial crisis. Lehman Bros., Wachovia, National City and others were also overwhelmed by bad loans. But Wilmington Trust, the biggest bank still based in the Philadelphia area when regulators forced its discount sale to M&T Bank Corp.
May 6, 2015 |
National Real Estate Development has closed on a $141 million construction loan with insurer Ullico for an 18-story residential and retail tower at 1100 Market St., part of the company's $500 million East Market project. The loan will allow the start of construction on the $117.5 million building, which will include 322 apartments, along with a MOM's Organic Market and other shops and restaurants, the company said in a statement. The new tower, along with the redevelopment of the adjacent Family Court Building at 34 S. 11th St., make up the first phase of the East Market project, bounded by 11th and 12th Streets, from Market to Clover.
April 17, 2015 |
The Delaware River Port Authority board on Wednesday approved an $800,000 loan guarantee to help keep the Battleship New Jersey operating as a tourist attraction on the Camden waterfront. The DRPA board originally guaranteed a $1 million loan in 2003 to the Home Port Alliance, which operates the battleship, and has renewed the guarantee every three years since. The amount was whittled down to $900,000 in 2012 and to $800,000 this year. The loan guarantee, approved Wednesday for a 10-year period, is in addition to grants of $11 million made by the DRPA to the Home Port Alliance between 2000 and 2005.
April 13, 2015 |
Did you borrow for college and end up the victim of a sky-high-interest student loan? A new group, Debt Collective, says it's time to go on a "debt strike. " That is, stop paying. An outgrowth of Occupy Wall Street, Debt Collective is a year-old activist organization rallying financially strapped students of the now-defunct Corinthian Colleges. The strikers are mostly young adults, including some single parents, who borrowed from Corinthian's lending arm at up to 14 percent annually.