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The Fed is ‘worried that layoffs will increase sooner and faster than hiring,’ says chief economist

The Federal Reserve announced its second consecutive cut to its benchmark interest rate on Wednesday, reducing the federal funds rate by a quarter percentage point to a range of 3.75% to 4%. While this will reduce borrowing costs for loans, credit cards…
Legal News

New York appellate court affirms dismissal of FDCPA suit for lack of standing

On October 15, a New York appellate court affirmed the dismissal of a putative class action alleging violations of the FDCPA and New York General Business Law § 349. The plaintiff claimed that notices sent after a bankruptcy discharge, informing the plaintiff…
Educational News

Ohio’s young students struggle with credit card debt, new Fed analysis shows

A new analysis of Federal Reserve data shows that young adults across the country are carrying dangerous levels of credit card debt, with higher-than-average levels in Ohio. The news comes as inflation continues to grow, consumer sentiment worsens, and student debt continues to…
Government News

Trump’s One Big Beautiful Bill will push US debt levels beyond those of Greece or Italy, IMF forecast predicts

America’s national debt is now climbing at its fastest rate ever, propelled in part by the “One Big Beautiful Bill” passed by Republicans earlier this year. A new forecast from the IMF shows the U.S. heading the route of countries in southern Europe famous…
Legal News

Indian doctors in US worry higher H-1B fee may destroy rural healthcare

Dr Mahesh Anantha is one of the few interventional cardiologists for miles around Arkansas’s Batesville area, a rural pocket of the US. Surrounded by farmland and a smattering of small industries and banks, the pastoral town with a population of…
Bankruptcy News

MoJ owes us £20m after contractor collapse, say suppliers

The government is facing questions over tens of millions of pounds owed to suppliers who worked on upgrades to three prisons in England. At least 40 companies are believed to be owed the money for work they carried out in…
Editorial News

Tech-Driven Debt Collection Agencies Set New Benchmark in 2025, Helping Businesses Accelerate Payment Recovery and Cash Flow Efficiency

As global businesses face tighter cash flow challenges and rising delinquencies, a new wave of tech-driven debt collection agencies is transforming how companies recover outstanding payments. As global businesses face tighter cash flow challenges and rising delinquencies, a new wave…
Educational News

White House to cancel Student debt for millions of borrowers under income-driven repayment plans

In a major policy turnaround, the Trump administration has agreed to resume and accelerate student loan forgiveness for millions of eligible borrowers enrolled in income-driven repayment (IDR) programs, following a legal settlement with the American Federation of Teachers (AFT). In…
Government News

Fears over US banks cause stock market jitters

European stock markets recovered some ground after a warning of fraud from two US banks triggered a sell-off in banking shares around the world. Two US regional lenders, Western Alliance Bank and Zions Bank, said on Thursday that they had…
General News

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