Too Much Money Is a Worry for Direct Lenders

If the U.S. and Europe are moving toward the next downturn, someone forgot to tell investors in direct lending funds.

These funds make private loans to companies that aren’t large enough to warrant an investment bank arranging and selling their debt. They offer investors higher yields than bonds, while smaller companies like them because commercial banks are lending less since the 2008 crisis.

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  • Publisher: WSJ
  • Date: 2018-10-10T13:59:00.000Z
  • Author: Paul J Davies
  • Twitter: @WSJ
  • Citation: Web link

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Quite a lot has been going on:

She was expecting to get $40,000 in student loans erased ‘ then this happened

Tens of thousands of people’s financial futures were thrown into question when they were denied public service loan forgiveness.

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The program allows certain not-for-profit and government employees to have their federal student loans cancelled after 10 years of payments.

One in four American workers are in public service and could, in theory, be eligible, according to the Consumer Financial Protection Bureau. But last year, the bureau reported that student loan servicers are failing to guide borrowers to the consumer protection, mostly by not informing them of what they need to do to qualify.

The Finance 202: Trump’s economy means soaring deficits, too

Analysis Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events

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President Donald Trump is applauded by U.S. Trade Representative Robert Lighthizer as Trump arrives to announce the United States-Mexico-Canada Agreement. (REUTERS/Kevin Lamarque)

As most of America was glued to the final twists of the Brett M. Kavanaugh vote last Friday, the Congressional Budget Office dropped a whopper of a report. The United States’federal government ran a deficit of $782 billion in fiscal 2018, the CBO said, the highest since 2012 and substantially higher than last year’s $666 billion.’

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