Collection Industry News

Home - Collection Industry News
administrator
Bankruptcy News

April Commercial Chapter 11 Bankruptcy Filings Increase 42 Percent from Previous Year

NEW YORK/ALEXANDRIA – May 6, 2026 — The 644 commercial chapter 11 bankruptcy filings in April 2026 represented at 42 percent increase over the 454 filings recorded in April 2025, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.…
Educational News

Incoming college freshmen will rack up an average of $43,000 in student loans by graduation, report finds

With National College Decision Day approaching, college affordability is a top concern for most students and their parents. Around 46% of 2026 high school graduates will go on to a four-year college or university, according to a new report by NerdWallet. Many of them…
Government News

Treasury yields move higher as oil prices rise amid U.S.-Iran standoff

Treasury yields moved higher on Thursday as tensions between the U.S. and Iran with the Strait of Hormuz reignited inflation fears. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose more than 3…
Legal News

Massive debt makes the U.S. one of the world’s most vulnerable countries in the energy crisis, market veteran warns

The world has never faced a crisis while loaded with so much debt, making the U.S. especially vulnerable despite being the world’s biggest oil producer, according to Ruchir Sharma, chair of Rockefeller International, the global investment strategy arm of Rockefeller…
Editorial News

Bessent defends U.S. dollar swap lines as Iran war harms global finances

Treasury Secretary Scott Bessent on Friday defended the possibility of the U.S. participating in currency swaps with allies in the Persian Gulf and Asia who are seeking financial backstops due to the Iran war. Discussions with those countries about U.S. dollar swap lines “are part of ongoing,…
Educational News

Trump administration finalizes federal student loan caps—what it means for borrowers

The Department of Education on Thursday finalized the student loan overhaul introduced in President Donald Trump’s “big beautiful bill,” also known as the Working Families Tax Cuts Act, which was signed into law in July. The final regulations include new borrowing limits on federal student…
Bankruptcy News

Credit Card Debt Hit $1.28 Trillion as Americans Save Less Despite Higher Incomes

Credit cards carried the load in Q4 as Americans piled another $44 billion onto their balances, pushing the total to $1.28 trillion, a 5.5% jump from last year. The New York Fed’s Q4 2025 report shows households leaning on revolving…
Government News

Treasury yields tick lower after DOJ drops Fed probe, paving the path for Senate to vote on Warsh

U.S. Treasury yields ticked lower Friday after the Justice Department abandoned a criminal investigation into Federal Reserve Chair Jerome Powell, paving the way for the Senate to vote on nominee Kevin Warsh as his replacement to head the central bank. The yield…
Legal News

Credit card APRs have an ‘economically meaningful’ impact on consumer spending, Boston Fed finds

Because of the extremely high interest rates, credit cards are one of the most expensive ways to borrow money. Even so, at least one-third of credit card users carry a balance from one month to the next, according to the Federal Reserve Bank…
Educational News

More than 7 million student loan borrowers face deadline to leave Biden-era repayment plan. What to know

Student loan borrowers will soon be removed from the Saving on a Valuable Education, or SAVE, plan, the Trump administration announced on Friday. The Education Department said it would send guidance to the 7.5 million people who signed up for the now-defunct repayment plan.…