Legal News

US debt 2026: The United States crossed a major fiscal threshold at the start of 2026 as the national debt climbed past $38.5 trillion, a level once expected closer to around 2030, as per reports. The milestone highlights how quickly…

The Trump administration will start garnishing the wages of student loan borrowers in default in early January, a spokesperson for the U.S. Department of Education confirmed to CNBC on Tuesday. It will be the first time a portion of borrowers’ paychecks has…

Some small businesses that have to pay the bill for President Trump’s new tariffs are taking on high-interest rate merchant cash loans and other forms of debt to cover that added cost. And several business owners who have taken on that costly debt…

Healthcare subsidies for millions of Americans appear likely to expire after the Senate rejected competing bills, a politically fraught issue ahead of next year’s midterm elections. Both Democratic and Republican plans fell short of the 60 votes needed to advance,…

Consumer debt crisis deepens. Americans now owe nearly $18.6 trillion in household debt. That’s a record high. Mortgages, credit cards, and student loans are driving the surge. Even prime borrowers are starting to slip on payments. Mortgage debt alone sits at over $13…

Americans are falling deeper into debt, but not across the board. Collectively, credit card balances rose by $24 billion in the third quarter to $1.23 trillion — up 5.75% from a year earlier to a fresh all-time high, according to a new report on household…

Financial Services attorney Christopher Phillips was interviewed by Courthouse News Service about how the end to penny production in the U.S. is affecting businesses, banks and retailers. The U.S. Department of the Treasury decided to cease producing pennies earlier this year, citing…

Court grants summary judgment to debt collector on FDCPA claims, finding pre-judgment collection efforts lawful and post-judgment communications not actionable debt collection. Livesay v. National Credit Systems, Inc., No. 4:22-CV-19-TLS (N.D. Ind. Oct. 27, 2025) By Laura Dadd – Compliance…

Consumer debt is at record-high levels, and the number of Americans behind on their credit card payments is also on the rise. Every morning, Alaska’s court system publishes an updated list of new civil lawsuits filed across the state during the past…

On October 15, a New York appellate court affirmed the dismissal of a putative class action alleging violations of the FDCPA and New York General Business Law § 349. The plaintiff claimed that notices sent after a bankruptcy discharge, informing the plaintiff…