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Americans Are Dropping Their Home Insurance

Homeowners are increasingly forgoing home insurance, gambling that the likelihood of a disaster isn’t high enough to justify the cost of a policy. Some skipping insurance say they are doing so because they can no longer afford the rising premiums. The…
Bankruptcy News

US could face higher interest rates over long term

WASHINGTON – A year ago, Chair Jerome Powell delivered a stark warning: To fight persistently high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth.…
Legal News

Treasury Announces Marketable Borrowing Estimates

WASHINGTON — The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1]for the July – September 2023 and October – December 2023 quarters. During the July – September 2023 quarter, Treasury expects to borrow $1.007…
Educational News

FACT SHEET: The Biden-⁠Harris Administration Launches the SAVE Plan, the Most Affordable Student Loan Repayment Plan Ever to Lower Monthly Payments for Millions of Borrowers

The Biden-Harris Administration believes that education beyond high school should unlock doors to opportunity, not leave borrowers stranded with debt they cannot afford. That’s why, from day one, President Biden and Vice President Harris have been working to fix the…
Government News

US debt limit default could hit in early June to early August -think tank

WASHINGTON, May 9 (Reuters) – The U.S. government will begin defaulting on its payment obligations between early June and early August without an increase in the federal debt limit, the Bipartisan Policy Center said on Tuesday, flagging pressure from a…
Editorial News

Total Household Debt Reaches $17.06 Trillion in Q2 2023; Credit Card Debt Exceeds $1 Trillion

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows a slight uptick in total household debt in the second quarter of 2023, increasing by $16…
Press Release

Dudley Resources Case Study: Successful Asset Recovery and Liquidation for Simply Mac

In the realm of comprehensive asset recovery solutions, Dudley Resources (DR) shines as a beacon of excellence. This case study showcases the remarkable success achieved through DR’s strategic partnership in the liquidation of Simply Mac. (SM), a company that faced…
Bankruptcy News

Americans’ credit card debt hits a record $1 trillion

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York. During the second quarter, credit card balances…
Legal News

US private funds industry sues securities regulator over new rules

NEW YORK, Sept 1 (Reuters) – Six private equity and hedge fund trade groups on Friday sued the U.S. Securities and Exchange Commission (SEC), arguing the agency overstepped its statutory authority when adopting sweeping new expense and disclosure rules last week.…
Educational News

Over half of student loan borrowers racked up credit card debt during the payment pause—now experts worry about ‘shock’

Federal student loan borrowers have had a break from paying back their student loans for over three years now.  Though the forbearance may have given them breathing room, helped them add to their savings or pay down other debts, inflation creeping up throughout…