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Washington, D.C. medical debt law banning credit reporting and restricting collections takes effect

On August 20, the District of Columbia’s Medical Debt Mitigation Amendment Act of 2026 (B26-0438) became law without the Mayor’s signature after the D.C. Council passed the bill unanimously. In relevant part, the law prohibits health care providers and debt collectors from reporting medical…
Editorial News

The inflation genie could be out of the bottle — and bond markets are sounding the alarm

A sharp sell-off in global government bonds is exposing investor anxiety that the macroeconomic backdrop may be shifting toward persistently higher inflation, as governments struggle to rein in spending and sovereign debt. Pressure on yields is not just a factor…
Legal News

Crypto enters September with legislative policy gamble hanging by a thread

The crypto industry heads into September with its biggest legislative bet hanging in the balance, and little confidence the proposed bill will make it past the finish line. The looming vote on the crypto market structure bill known as the…
Educational News

Amount of College Students Carrying Credit Card Debt Doubles in 3 Years

Financial strain and a lack of credit literacy have steadily fueled a growing reliance on credit cards among college students. U.S. News conducted a nationwide survey of 1,200 college students via PureSpectrum between Aug. 21 and Aug. 25, 2026. We…
Bankruptcy News

US charges two former Linqto CEOs over $450 million ‘pre-IPO’ fraud scheme, one pleads guilty

NEW YORK, Sept 2 (Reuters) – U.S. prosecutors announced on Wednesday criminal fraud charges against two former chief executive officers ‌of Linqto over their alleged roles in a $450 million scheme to defraud thousands of investors hoping to cash in…
Government News

10-year U.S. Treasury yield hits highest level since November 2023

The 10-year Treasury note yield reached a fresh multiyear high on Wednesday as inflation and debt concerns pressured global government borrowing costs. The yield on the 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt —…
Bankruptcy News

Dollar and bond markets ‘on edge’ ahead of Jackson Hole as Bessent’s market intervention piles pressure on Warsh

Central bankers, policymakers and economists will gather in Jackson Hole, Wyoming, on Thursday for the Federal Reserve Bank of Kansas City’s annual economic policy symposium. Markets are closely monitoring the event for Fed Chair Kevin Warsh’s keynote speech after long-term…
Educational News

Americans are falling behind on mortgage and student loan payments. Here’s how you can stay ahead

While U.S. consumers are getting better at keeping up with credit card and personal loan payments, mortgage and student loan delinquencies are climbing, and student loan delinquencies remain historically high, according to the Spring 2026 FICO Credit Score Insights report. Delinquencies, or…
Legal News

US retail sales post first decline in nine months in July

WASHINGTON, Aug 14 (Reuters) – U.S. retail sales fell in July for the first time in nine months as the boost from big tax refunds faded, suggesting that consumer spending was slowing down and prompting economists to slash their economic…
Editorial News

Why the bond market may be resetting expectations about the US

WASHINGTON, Aug 25 (Reuters) – U.S. debt hasn’t been further downgraded, breakeven rates on inflation-protected bonds haven’t spiked, and the cost of insuring against a federal default hasn’t skyrocketed, signs that most investors still see U.S. bonds as a largely…