Thousands oppose Biden’s ‘completely illegal’ student-debt relief – Business Insider

The Education Department opened public comments on its proposals to reform student-loan repayment. Over a thousand people flooded the section with identical comments opposing debt relief. The department hopes to implement the reforms to income-driven repayments plans this year. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed…

As interest rates climb, here’s why proposed caps on debt may not help reduce costs for consumers – CNBC

Source: Getty Images Rising credit interest rates have made it even more expensive to carry debts. But a proposal in Congress that would cap rates on consumer loans at 36% may not be an effective way of curbing those higher costs of borrowing, according to new research from the Urban Institute’s Financial Well-Being Data Hub.…