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The number of debt collection cases in Alaska state courts is soaring, following national trends

Consumer debt is at record-high levels, and the number of Americans behind on their credit card payments is also on the rise. Every morning, Alaska’s court system publishes an updated list of new civil lawsuits filed across the state during the past…
Educational News

Trump administration agrees to deliver more student loan forgiveness

The Trump administration has agreed to cancel student debt under programs it had partially blocked, reopening a path to student loan forgiveness for millions of borrowers. The outcome is the result of an agreement reached on Friday between the U.S. Department of Education and…
Bankruptcy News

Rising Credit Card Debt Signals Growing Stress for U.S. Households

It’s no secret Americans are struggling to stay afloat — juggling payments for groceries, regular bills, and mounting credit card debt. Federal Reserve data shows as of Q2 2025, Americans collectively hold $1.21 trillion in credit card debt, and that figure continues to…
Government News

Government shutdown becomes 2nd longest in U.S. history

The U.S. government shutdown on Wednesday entered its 22nd day, becoming the second-longest federal funding lapse ever, with no end in sight. The milestone means that the two longest shutdowns have both occurred while President Donald Trump was in office. The longest shutdown began in December…
Bankruptcy News

Debt collection firms shut down for keeping cash

Three debt-collection agencies have been shut down after spending thousands of pounds of their clients’ money at bookmakers, hotels and football clubs. Sunderland-based EDC Group NE Ltd, UK EDC Ltd and UK TCF Limited charged clients to collect debts on…
Editorial News

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…