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Educational News

‘I owe £70k repayments on £42k student loan’

A solicitor from Brighton says her £600-a-month student loan repayments remain “huge” despite paying back tens of thousands of pounds and it’s “unfair” she will continue accruing interest while on maternity leave. Polly Fletcher borrowed £42,000 to fund her degree,…
Editorial News

America can’t grow its way out of its debt problem

The US economy is staring down the barrel of $40 trillion in debt, bond yields on the cusp of a 19-year high and a costly war driving inflation higher. The Trump administration has a novel solution: We’ll just grow our…
Legal News

Bank of America CEO says the consumer remains resilient despite rising gas prices

Bank of America CEO Brian Moynihan said on Wednesday the bank’s data shows consumer spending and credit remain healthy despite rising gasoline prices. “Consumers spent in the month of August about 4% more than they spent last August,” Moynihan said on CNBC’s “Mad…
Bankruptcy News

AirBaltic files for Chapter 11 bankruptcy as Iran war costs bite

ept 14 (Reuters) – Latvia’s airBaltic voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in New York, it said on Monday, as it seeks to restructure its debt ​pile and survive a deepening sector-wide crisis brought…
Government News

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 —…