This historic interagency shift comes as federal student loan defaults hit pre-pandemic levels. The U.S. Department of Education and the U.S. Department of the Treasury have entered into a historic interagency agreement to transfer operational responsibility for the nation’s defaulted ...

You may think your paycheck is safe from garnishment once a debt is time-barred, but that's not always the case. J Studios/Getty Images Americans ended last year on a high, but perhaps not in the way they'd hoped. At the ...

On March 13, a California federal court ordered the CFPB to continue requesting from the Federal Reserve the funds reasonably necessary to carry out the Bureau’s statutory authorities under the Consumer Financial Protection Act. The court rejected the CFPB’s reliance ...

InDebted has launched Release, a product for transferring late-stage debt portfolios, in Australia, New Zealand and Canada. The offering is aimed at existing clients who already use Collect, InDebted's third-party collections product. It is positioned as an alternative to the ...

The Department of Education paused involuntary collection giving struggling borrowers a critical window to find a repayment plan before wages garnished. CLEVELAND — If you're behind on federal student loan payments, there's an important window of time opening up — ...

For SMEs, a sizable late payment can be so damaging as to risk the venture’s future. According to Government statistics, around 38 businesses shut their doors every single day –  the equivalent of 266 a week – because they are ...

The headline refers to a recent WSJ piece arguing that a proposed tweak to U.S. bank capital rules would make it cheaper, on a risk‑weighted basis, for banks to lend to private credit funds and other nonbanks than to many ...

Gallup’s new data show that 49% of U.S. workers say they are “struggling” in their lives, while a slightly smaller share report “thriving,” marking the first time since Gallup began tracking that struggling workers outnumber those thriving. What the study ...

Citigroup Inc.’s C subsidiary, Citibank N.A., has reported mixed performance in its credit card metrics for February 2026 in a recent SEC filing. While delinquency rates remained stable compared with the prior month and slightly declined year over year, net ...