Legal News

US consumer confidence improves modestly in February after cratering the first month of 2026

The American consumer’s confidence in the US economy improved slightly in February after cratering a month earlier. A measure of Americans’ short-term expectations for their income, business conditions and the job market rose four points to 72, remaining well below…

Nationwide Rise in Debt Collector Harassment Sparks Concern

Protecting Families from Rising Debt Collector Violations Lawrence, United States – February 18, 2026 / Legal Rights Advocates, Inc. / The rise in debt collector harassment across the United States has become a pressing concern for many families struggling with financial challenges. Reports indicate…

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…

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…

Mortgage demand drops 8.5%, as interest rates swell to the highest level in 3 weeks

After dropping sharply, mortgage interest rates rose last week for the first time in a month. That pushed total mortgage demand down 8.5% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract…

Trump calls for Congress to enact 10% credit card interest rate cap; bank stocks rise

President Donald Trump on Wednesday urged U.S. lawmakers to pass legislation to limit credit card rates to 10%, following his social media post this month ordering banks to voluntarily lower their rates. “I’m asking Congress to cap credit card interest rates at 10% for…

Education Department to delay collections on defaulted student loans

The Education Department announced on Friday that it will delay the implementation of wage garnishment and other involuntary collection efforts affecting defaulted student loan borrowers. The department said the delay affects involuntary collections on federal student loans through wage garnishments and the Treasury Offset…

US debt crisis deepens: Why national debt surged past $38.5 trillion years ahead of forecasts and what it means for every American

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…

Trump administration to start seizing pay of defaulted student loan borrowers in January

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…

Trump tariffs: Small businesses take on high-interest rate loans to cover new costs

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…