November 17, 2023 Washington DC Good morning and welcome to our conference on Fiscal Policy in an Era of High Debt. Since the mid-1970s, global public debt has tripled to reach 92 percent of GDP by the end of 2022. So, debt levels had been rising for some time. On top of that, more costs…
A New York City woman who died Sunday from cancer has raised enough money to erase millions of dollars in medical debt with a posthumous plea for help. Casey McIntyre told followers in a social media message posted by her husband that she had arranged to buy the medical debt of others as a way…
Leading debt relief companies are innovating with groundbreaking tools and technologies to usher in a debt-free future for many. LAS VEGAS, Nov. 17, 2023 /PRNewswire/ — The landscape of financial management has seen a transformative shift, primarily driven by technological advancements. With surmounting debts becoming a global concern, leading debt relief companies are stepping up…
Rich Cordray, the head of Federal Student Aid, said that subsequent student debt relief programs wouldnt rely only on self-reported income from borrowers. | John Minchillo/AP The Biden administration last year quickly moved to provide student debt relief to millions of Americans before it had implemented appropriate safeguards to prevent fraud, according to new findings…
WASHINGTON U.S. Senate Republicans on Wednesday night failed to garner enough votes to block a new Biden administration rule on an income-driven repayment plan for federal student loans. The resolution did not pass, 49-50. Sen. Joe Manchin III of West Virginia was the sole Democrat who joined Republicans in backing the resolution. Sen. Tim Scott…
What GAO Found The Department of Education approved borrowers for its student loan debt relief program without implementing key procedures for preventing fraud. The program would have provided up to $20,000 of debt relief to borrowers who met certain income thresholds if they received a Pell Grant in college, and up to $10,000 if they…
Consumer Alert Unregulated debt advisors are targeting indebted Canadians with promises of a quick fix, charging unnecessary fees for debt-relief services they are not authorized to provide. November 14, 2023 Ottawa, Ontario The Office of the Superintendent of Bankruptcy (OSB) and the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) want to help Canadians avoid debt-relief…
WASHINGTON U.S. Senate Republicans on Wednesday night failed to garner enough votes to block a new Biden administration rule on an income-driven repayment plan for federal student loans. The resolution did not pass, 49-50. Sen. Joe Manchin of West Virginia was the sole Democrat who joined Republicans in backing the resolution. Sen. Tim Scott of…
Students, teachers, SMEs to get help PUBLISHED : 16 Nov 2023 at 06:32 The government will announce a new debt relief package for several groups, including former students repaying their student loans, teachers and small- and medium-scale business owners, Prime Minister Srettha Thavisin said on Wednesday. The package, also to be made available to those…
With inflation, rising interest rates, and higher costs for gas, groceries and housing, many Canadians are feeling the financial pinch and now personal bankruptcies are on the rise. “The activity from debt collectors has skyrocketed, so we are getting a lot more calls then we were year ago” said Doug Hoyes, a licensed insolvency trustee…