The billionaire chief executive of Ohio-based Reynolds and Reynolds Co, Robert Brockman, has been indicted on charges of tax evasion and wire fraud conducted over “decades.” ZDNet reports: The scheme, in which roughly... Read more »
President Donald Trump on Friday said that he wouldeliminate the intereston federal student loans “until further notice” as part of a package of emergency executive actions designed to address the economic fallout... Read more »
Total U.S. household debt rose by $601 billion in the fourth quarter from a year earlier, or 1.4%, surpassing $14 trillion for the first time, the New York Fed’s quarterly household credit... Read more »
Many of us would be in trouble if we had to foot the bill for an unplanned expense. Bankrate’s January Financial Security Index survey reveals that just four in 10 U.S. adults (41... Read more »
John Schricker took out a loan to buy a car in 2017. Then he took out another. And then another. In two years, the 40-year-old electrician signed up for four auto loans,... Read more »
The federal government's outstanding public debt has surpassed $23 trillion for the first time in history, according to data from the Treasury Department released on Friday. The Hill reports: Growing budget deficits have... Read more »
It’s called the online installment loan, a form of debt with much longer maturities but often the same sort of crippling, triple-digit interest rates. Bloomberg reports: If the payday loan’s target audience... Read more »
Millennials carry an average of $27,900 in debt, not including mortgages, according to new data released today by Northwestern Mutual. Gen Z, the oldest of whom are now 22 years old, have an... Read more »
As Americans sink under medical expenses, debt collectors go to great—and sometimes strange—lengths to collect. Olga Khazan writes on The Atlantic: Companies can try to collect on medical debt virtually forever. Although old... Read more »
You could be getting a 16% return on your money right now, and it’s not that hard to do. As Mark Cuban, the “Shark Tank” star, billionaire entrepreneur, and NBA franchise owner... Read more »
