Sentences with phrase «for default protection»

Although prices do vary according to a number of factors including the levels of coverage elected, these plans average in the neighborhood of only a few hundred dollars a year for default protection.

Not exact matches

In 2006, Congress passed the Pension Protection Act, which helped raise participation rates by clarifying language on default opt - ins for employees.

The 2018 global corporate default tally increased to 28 this week after New York City - based consumer products company Nine West Holdings Inc. defaulted after filing for Chapter 11 bankruptcy protection.

For reasons such as default risk and fraud protection, this could be problematic.

The presence of a cosigner with a strong credit and income history is a safety net for the lender — with a cosigner, lenders have an extra layer of protection against borrower default.

«It says that the game lacks adequate protection for children, such as safety reminders when contacting new users, hiding location by default for under 18s, and clear processes on safeguarding concerns.»

On April 30, 2009, the automaker filed for Chapter 11 bankruptcy protection to be able to operate as a going concern, while renegotiating its debt structure and other obligations, [41] which resulted in the corporation defaulting on over $ 4 billion in secured debts.

Along with some cosmetic changes to match the look and feel of the Kindle Fire's UI, a new settings menu lets you turn on pin protection for in - app purchasing — which is enabled by default — and gently nudges you to spend by displaying your unused gift card balance.

The default warranty for this system provides a year of parts - and - labor protection.

Such bids, which provide protections for interested parties who do work valuing assets, become default purchase agreements if no other bids are made.

The Consumer Financial Protection Bureau said in 2016 that 70 % of borrowers in default on student loans would qualify for the low payments offered through the PAYE and REPAYE programs, but haven't signed up.

Second, had AIG collapsed, the systemic implications on other market participants might have made it difficult for Goldman Sachs to collect on the credit protection it had purchased against an AIG default, although Goldman Sachs stated that it had received collateral from its counterparties in those transactions.

Finally, if AIG had defaulted, Goldman Sachs would have been forced to bear the risk of further declines in the market value of the approximately $ 4.3 billion in CDOs that it transferred to the Maiden Lane III portfolio as well as approximately $ 5.5 billion for its credit default swaps that were not part of the Maiden Lane III portfolio; Maiden Lane III removed any risk for the $ 4.3 billion within that portfolio, and continued Government backing of AIG provided Goldman Sachs with ongoing protection against an AIG default on the remaining $ 5.5 billion.

Some of the criteria established by the NASFAA Monograph include: loan cost, quality of customer service, problem resolution (responsiveness to complaints), lender default rates and lender default aversion efforts (including early intervention), ease of loan certification process, 24/7/365 availability to borrowers, disbursement flexibility, loan products offered (Stafford Loan, Parent PLUS Loan, Grad PLUS Loan, Private Student Loan, Consolidation Loan), borrower preferences for national and local lenders, life of loan servicing, entrance and exit counseling, financial literacy and debt management counseling, clarity and accuracy of lender marketing materials and web site, protection of borrower privacy, response time for processing loan applications, and quality of lender toll free telephone numbers and call centers (e.g., hold times and complexity of phone menus).

Bear Stearns, by virtue of being a major credit default swaps protection writer, could have triggered cascading defaults in the primed - for - disaster credit default swaps market.

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We can still hope that Senator Warren and House Representative Bonamici's letter will change Trump's mind in rescinding borrower protection for student loan default.

The insurance for conventional loans is referred to as Private Mortgage Insurance (PMI) an insurance policy issued to provide protection to the lender in the event of financial loss due to a borrower's default.

MI is often referred to as private mortgage insurance (PMI), and is basically protection for your mortgage lender in case you default.

Your payment for PMI covers the cost of mortgage insurance they purchase, which gives them some protection in case you default.

A lack of assistance for struggling borrowers that can lead to loss of critical student loan benefits and protections, borrowers being victims of debt relief scams, and ultimately default, and

This gross oversight by government will reflect increasing foreclosures and defaults on accounts «due», by people who absolutely can pay, but choose, like the banks, to reel in their assets for «self protection» of their assets.

The cost of default insurance for the S&P / ISDA CDS U.S. High Yield OTR Index still costs more than 4.5 times as much as for the S&P / ISDA CDS U.S. Investment Grade OTR Index, as protection on a loan of USD 1 million would cost USD 32,400 and USD 7,200, respectively.

Unlike banks or NBFCs (Non-Banking Finance Companies), no regulations are specified for these schemes, and in case, the jeweler just shuts shop, and defaults on your payments, there are no special laws to ensure your capital protection.

This use of credit protection does not mean that a defaulted loan is productive for a lending institution, however.

One of the more important reasons to use a credit card for any purchase is to gain the protection against product defaults.

Corporate directors and officers can also be held liable on default, so proper insurance protections for these instances is critical.

The loan servicing industry's longstanding failures came into sharp focus three years ago when an analysis of consumer complaints by the federal Consumer Financial Protection Bureau found that some companies were pushing struggling borrowers toward default — which essentially ruins their financial lives — by giving them misinformation, by making it difficult for them to refinance their loans and pay lower rates, and by withholding information about affordable payment plans.

The insurance policy you are required to obtain and pay for as part of your monthly mortgage payment essentially provides protection to the lender in case you default on the loan, and covers the lender for the amount between 20 % down and what you actually put down.

Loss of eligibility for forgiveness plans If you have federal student loans in default, you'll lose protections such as federal forgiveness programs, forbearance, deferment, and access to different repayment plan options.

The CDS market is generally viewed as the most efficient and liquid market for protection against corporate bond defaults.

This is protection enough for them in case you default as they can go ahead and sell the house.

MySuper funds have a default level of death, disability and income protection insurance that you will automatically be covered for.

This past March, the Consumer Financial Protection Bureau warned banks that they were at risk for breaking the law by placing borrowers who were current on their student loan repayments in default when the cosigner on the loan dies or declares bankruptcy.

The primary consumer protection problem areas that have given rise to the States» actions include: (1) unsubstantiated claims of consumer savings; (2) deceptive representations about the length of time necessary to complete a debt relief program; (3) misleading or failing to adequately inform consumers that they will be subject to continued collection efforts, including lawsuits, and that their account balances will increase due to extended nonpayment under the program; (4) deceptive disparagement of consumer credit counseling; (5) deceptive disparagement of bankruptcy as an alternative for debtors; (6) lack of screening and analysis to determine suitability of debt relief programs for individual debtors; (7) the collection of substantial up - front fees so the debt relief company gains even if it fails to perform; (8) lack of transparency and information for consumers as to payment of fees, status of accounts, and communications with creditors; (9) significant delays in active negotiation or engagement with creditors, coupled with prohibitions on direct consumer communications with creditors; and (10), in the case of debt settlement companies, basing savings claims (and settlement fees) not on the original account balance, but on the inflated amount due (including late fees and default rates of interest) at the time of settlement.

Since your credit rating takes a hit after you file for bankruptcy protection, unless you default on monthly payments to an automobile insurance company, there is really no basis for your insurance company to raise your premiums.

This security deposit makes approval guaranteed, provides your issuer protection against default and erases the need for an expensive fee structure.

There is no incentive for appraisers to do the right thing, so eliminate them, and let the 20 % down payment be the protection against default.

The demand for yield is huge, which drives the offering of protection in the credit default swap market.

-- Most CLOs offer additional loss protections: i) Credit enhancement — credit insurance / guarantees, ii) Excess spread & reserves — a positive interest spread's earned, which may be used to build loss reserves, iii) Overcollateralization (O / C)-- the CLO sponsor adds additional collateral, say an extra $ 5 mio for every $ 100 mio of assets, and iv) Early amortization — an increased level of defaults, and / or certain other events, may trigger an accelerated repayment of principal (AAA notes have priority, of course).

The buyer of such a policy pays a premium to the insurer, for protection against the default of a bond.

Introduces Reps and Warranties Coverage for Extra Protection Against Possible Loan Defaults

Flood hazard zones from the Federal Emergency Management Agency (FEMA) often serve as default standards for building and infrastructure flood protection requirements.

* Collect and process personal information only strictly necessary to achieve the objectives of the product or service; * Provide clear and unambiguous information on the intended use of personal information, to allow users to give consent; * Create default settings that protect the privacy of users; * Include adequate mechanisms for obtaining consent from users; * Ensure that the control parameters of privacy are conspicuous and easy to use; * Ensure adequate protection of all personal data; * Providing users with simple procedures for the removal of their accounts and acquiesce to these requests in a timely manner.

This means that the development of the business processes for products and services must be explicitly designed to take the protection of one's data into account, and that the default settings must be such to promote optimal protection of personal data.

This will cause one or more defaults that lead to the need for bankruptcy court protection, or worse.

Data Protection by Default requires mechanism to ensure that by default only personal data that are necessary are processed, including minimizing the amount of data processed and storing for no longer than is necDefault requires mechanism to ensure that by default only personal data that are necessary are processed, including minimizing the amount of data processed and storing for no longer than is necdefault only personal data that are necessary are processed, including minimizing the amount of data processed and storing for no longer than is necessary.

A stronger default of privacy protection for location information, as seen in Europe, may therefore be required.

Recommendation 14: That PIPEDA be amended to make privacy by design a central principle and to include the seven foundational principles of this concept, where possible (the seven foundational principles include: (1) proactive not reactive and preventative not remedial; (2) privacy as the default setting; (3) privacy embedded into design; (4) full functionality — positive - sum not zero - sum; (5) end - to - end security — full lifecycle protection; (6) visibility and transparency — keep it open; and (7) respect for user privacy — keep it user - centric).

The Court of Appeal clearly explains the analysis for contributory negligence, which it defines as «a plaintiff's failure to meet the standard of care to which he is required to conform for his own protection and which is a legally contributing cause, together with the defendant's default, in bringing about his injury...» (para. 13).