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Credit card debt tops $1.28 trillion consistent with ‘K-shaped’ economic divide, New York Fed research shows

Americans ended 2025 more in debt than ever before. Credit card balances hit a fresh high in the fourth quarter, rising by $44 billion to $1.28 trillion, according to a new report on household debt by the Federal Reserve Bank of New York released Tuesday.…
Legal News

Tech IPO hype gets drowned out on Wall Street by prospect of $1 trillion in debt sales

While the prospect of a SpaceX initial public offering and the hopeful listings from OpenAI and Anthropic have juiced IPO excitement on Wall Street, the current action in tech capital markets has nothing to do with equity. Rather, it’s all about debt. Tech’s four…
Government News

Medical emergencies can lead to debt and bankruptcy even for insured Americans

Even Americans who are covered by health insurance can emerge from medical emergencies with long-lasting financial scars. In a study published this month in the journal Health Affairs, researchers found that 18 months after being hospitalized for a traumatic injury — such as a…
Educational News

Student loan complaints hit record high, CFPB finds but the watchdog agency omits details

Federal student loan borrowers submitted a record number of complaints to the Consumer Financial Protection Bureau from mid-2024 to mid-2025, a recent report from the bureau shows. But the government’s 21-page report, published in early January, omits details on the nature of borrowers’ complaints —…
Government News

Millions may drop ACA coverage — and raise health insurance costs for everyone else

Millions of people are likely to drop their health insurance now that enhanced premium subsidies for consumers who buy coverage on the Affordable Care Act marketplace have expired. That could increase costs for remaining enrollees, leading some experts to warn of a potential “death…
Educational News

Older workers with student loan debt have less saved for retirement, Fidelity finds

Student debt can make it more challenging to prepare for retirement — and that is reflected in the retirement balances of older borrowers, Fidelity data shows. Retirement balances are roughly 30% lower among employees over age 50 who currently have student debt, at…
Bankruptcy News

Trump plan to cap credit card costs hits bank shares

Shares in banks and credit card firms have fallen after US President Donald Trump called for credit card costs to be capped. On Friday, Trump wrote on Truth Social that interest rates on cards should be limited to 10% for…
Legal News

Housing affordability isn’t just hurting buyers: More homeowners are falling behind on their mortgages

Housing affordability challenges are weighing on not only would-be buyers, but also on a growing share of existing homeowners, new data suggests. Late-stage mortgage delinquencies — those with payments at least 90 days past due — rose 18.6% in December…
Editorial News

What’s Changing in US Debt Collections in 2026 and Why It Matters Now for Creditors

January is typically when creditors reassess risk, performance, and partners. In 2026, that reassessment carries more weight than usual. Consumer financial pressure remains elevated, regulatory expectations are firm, and borrower behavior continues to evolve. Together, these forces are reshaping how…
Bankruptcy News

Wall Street braced for a private credit meltdown. The risk of one is rising

The sudden collapse last fall of a string of American companies backed by private credit has thrust a fast-growing and opaque corner of Wall Street lending into the spotlight. Private credit, also known as direct lending, is a catch-all term for lending…