By Easwaran Rutnam Private companies who lent at high interest rates are holding up vital debt relief for Sri Lanka, a group consisting of over 180 global economists and development experts said. Debt Justice said that these private companies, who lent to corrupt politicians, must face consequences from their risky lending by cancelling Sri Lankas…
The administration began its effort to save President Biden’s student loan forgiveness program before the Supreme Court on Wednesday, submitting an opening brief addressing challenges to the program. The late-night filing from the Justice Department argued those who have sued the administration over the program lack standing to do so. The filing further argues that…
WAUSAU, Wis. (WSAW) – One-third of Americans took on an average of over $1,500 in holiday debt. Which is a 24% increase over last year. Financial experts at Park City Credit Union in Merrill said the first step is to start saving. Even a small amount, like $25 or $50 dollars a month will help.…
When President Joe Biden announced his federal student loan forgiveness plan last year, nearly 26 million Americans jumped on the chance for debt relief. But in the almost five months since the program was announced, federal student loan holders have been left in the dark about if and when their debt could be canceled after…
When President Joe Biden announced his federal student loan forgiveness plan last year, nearly 26 million Americans jumped on the chance for debt relief. But in the almost five months since the program was announced, federal student loan holders have been left in the dark about if and when their debt could be canceled after…
The holidays are an expensive time for many people, leaving them with a daunting pile of bills; however, there are ways to tackle holiday debt that will help you start 2023 on the right note. According to Candice Bakx-Friesen from Investor Smarts, this was a particularly tough year for holiday expenses due to inflation. Weve…
While some Americans are still recovering from holiday festivities, many others may have lingering effects of spending regrets. Overall U.S. retail sales increased 7.6% year-over-year between Nov. 1 and Dec. 24, according to thelatest Mastercard SpendingPulse survey. For many consumers, the amount of debt they took on to pay for holiday purchases grew as well.…
James R. Schenck is President and CEO of PenFed Credit Union and CEO of the PenFed Foundation. getty Americans kicked off this holiday season with record-breaking spending during the five-day Black Friday and Cyber Monday shopping weekend, and that spending spree is all but guaranteed to continue in December. However, a recent survey by U.S.…
(Bloomberg) — Mexicos Finance Ministry expects Petroleos Mexicanos to pay debt coming due in the first quarter without government help, according to people with knowledge of the situation. Most Read from Bloomberg After providing the oil company with financial support in recent years, the Finance Ministry now wants Pemex to foot the bill itself unless…
E.W. Scripps Company In the worst cases the Federal Trade Commissions says cash-strapped consumers are charged a large up-front fee by a company that falsely claims they can remove negative information from their credit report. Also, there are often promises to help settle or lower their debts. COLORADO SPRINGS With inflation and many families gathering…