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Treasury yields fall as traders react to encouraging inflation data

Treasury yields fell on Wednesday as traders weighed another tamer-than-expected inflation report. The yield on the 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt — was 3 basis points lower at 4.555%. The yield on the 2-year…
Legal News

Consumers turn to buy now, pay later for essential expenses — with growing risks

Buy now, pay later services have been on the rise as more consumers look to short-term installment financing options to help them manage the rising costs of daily necessities, not just pay for discretionary purchases.  BNPL providers originated nearly $157 billion in consumer credit…
Bankruptcy News

U.S. Treasury yields rise as Wall Street monitors Middle East tensions

U.S. Treasury yields moved higher on Monday as Wall Street monitors the latest developments amid escalating tensions in the Middle East. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose more than 5…
Educational News

Public Service Loan Forgiveness has new rules — 3 changes borrowers should know about

While federal courts have blocked the Trump administration’s efforts to curb eligibility for Public Service Loan Forgiveness, other recent changes still impact borrowers’ ability to benefit from the program. For example, a new repayment plan doesn’t qualify for PSLF, and many parent…
Government News

Developed market debt to hit record $75.8 trillion as shocks and spending pressures mount, Fitch says

LONDON, July 21 (Reuters) – Government debt across developed economies is set to climb to a record $75.8 trillion by the end of 2026 as countries struggle with persistent ​budget deficits, geopolitical tensions and rising spending demands, Fitch Ratings said…
Legal News

U.S. Treasury has borrowed $155 billion every month of this fiscal year and is now paying $24 billion a week in interest on its debts

Despite concerns from debt hawks, the U.S. government is continuing to borrow at pace: For the fiscal year of 2026 so far, the federal deficit has totaled just under $1.4 trillion. The first nine months of this fiscal year (beginning…
Editorial News

Consumer Litigation Declined Across TCPA, FDCPA and FCRA

Consumer litigation activity declined across the top three consumer protection statutes in May, according to the latest WebRecon report.  Telephone Consumer Protection Act lawsuits fell 18.2%, Fair Debt Collection Practices Act lawsuits dropped 9.8% and Fair Credit Reporting Act lawsuits declined 8.2% compared with April. The month-over-month pullback follows April’s notable sweep,…
Bankruptcy News

Amazon raising at least $25 billion in bond sale, won’t issue more debt in 2026

Amazon plans to raise at least $25 billion through an eight-part bond sale, as it looks to continue its massive artificial intelligence buildout, sources told CNBC’s David Faber. The company has also shared with its underwriters that it won’t issue any more debt this…
Educational News

Trump administration’s limits on student loan forgiveness program are blocked.

Student loan borrowers don’t need to worry about losing eligibility for Public Service Loan Forgiveness based on their employer, after two federal judges blocked a Trump administration rule. On Tuesday, U.S. District Judge Amir Ali struck down the regulation adding new restrictions…
Government News

Treasury yields rise as Fed Chairman Warsh says ‘prices are too high’

U.S. Treasury yields rose on Wednesday, as investors weighed more data and new comments from the Federal Reserve’s newly appointed chairman. The yield on the benchmark 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt —…