Collection Industry News

Home - Collection Industry News
administrator
Educational News

US appeals court orders end to SAVE student loan repayment plan affecting millions

A federal appeals court in the US has ordered the end of the Saving on a Valuable Education (SAVE) plan, a repayment programme introduced during the Biden administration that was used by millions of student loan borrowers. The ruling comes…
Legal News

9% of ACA health-care plan enrollees go uninsured after enhanced subsidies expire, poll finds

Many Americans are feeling the financial pain following the expiration of enhanced federal subsidies for Affordable Care Act marketplace health insurance. About 1 in 10 people — 9% — who were enrolled in an ACA marketplace health plan last year are now uninsured following…
Editorial News

Mortgage rates surge to highest since September, hitting spring housing market

Mortgage rates surged to their highest level since September on Friday as bond yields moved higher due to the war in Iran. The average rate on the 30-year fixed loan hit 6.41%, according to Mortgage News Daily. That is the…
Government News

U.S. deficit tops $1 trillion through February but runs below year-ago pace

The U.S. budget deficit surpassed $1 trillion for the fiscal year through February but was sharply lower than the same period a year earlier, Treasury Department data showed Wednesday. Outlays exceeded receipts by $308 billion in February, roughly in line…
Educational News

US Treasury Department taking over some student loans as Education Dept gets dismantled

The US Education Department is handing off a portion of its student loan portfolio to the Treasury Department, a first step toward shedding management of all student loans as Trump administration officials dismantle the federal education agency. Under an agreement…
Editorial News

Private Credit Under Pressure: Defaults, Redemptions And The AI Shock

Only when the tide goes out do you discover who’s been swimming naked. – Warren Buffett, Berkshire Hathaway 2001 Annual Letter A recent string of defaults by companies at least partially funded by private credit has raised investor concerns that more bad…
Government News

Rising oil prices could increase food costs but hoarding groceries ‘makes a bad situation worse,’ economist says

Rising oil prices tend to push up the cost of groceries, but that doesn’t mean shoppers need to rush out and stock up, economists say. Brent crude has surged above $100 a barrel in recent weeks — after trading closer to $60 in…
Legal News

2-year Treasury yield surges after poor U.S. bond auction

The 2-year Treasury yield jumped more than 9 basis points Tuesday, to 3.925%, after weak demand in a $69 billion auction. The bid-to-cover ratio in the two-year auction — how many dollars of investment chase every dollar of securities available — was…
Bankruptcy News

Trump sides with crypto firms in trillion-dollar battle with banks over stablecoin yield

President Donald Trump has thrown his support behind crypto firms in their high-stakes battle with U.S. banks over whether they can offer interest-like returns on stablecoins. Trump, in a social media post late Tuesday, ratcheted up pressure on banks to relent on the stablecoin…
Educational News

U.S. Department of Education Issues Proposed Rule to Make Higher Education More Affordable and Simplify Student Loan Repayment

The U.S. Department of Education (the Department) today issued a Notice of Proposed Rulemaking (NPRM) aimed at reducing the cost of higher education and simplifying federal student loan repayment, as outlined in President Trump’s historic Working Families Tax Cuts Act (the Act). …