US cancels student-loan debts for 12900 college fraud victims – Yahoo7 News

By Lisa Lambert WASHINGTON (Reuters) – The U.S. Education Department on Wednesday canceled the student-loan debts of 12,900 people defrauded by defunct Corinthian Colleges, but its announcement that it will give varying amounts of debt relief in the future set off fierce criticism. For-profit higher education provider Corinthian collapsed in 2015 amid government investigations into…

Will the changes to credit card practices do anything to fix Australia’s growing debt problem? – ABC Online

Australia’s household debt is among the world’s highest, and according to the Australian Securities and Investments Commission (ASIC) we owe more than $30 billion on our credit cards alone. Today, the Australian Bankers Association (ABA) outlined its strengthened code of conduct, and there’s a big focus on credit cards, including proposed changes to unsolicited…