Yellen to meet religious leaders, NGO group pushing for debt relief – CNA

Business U.S. Treasury Secretary Janet Yellen will meet on Tuesday with Jubilee USA Network, a non-profit group that advocates for debt relief for developing countries, and senior religious leaders from large U.S. Christian and Jewish faith groups. FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends an economic briefing with U.S. President Joe Biden in the…

Student loan debt relief should be targeted to those who need it – The Boston Globe

Advertisement The federal government should target any debt forgiveness to those who truly need it. It is important to remember that student loan borrowers are different from most Americans: Theyve gone to college. College students, as a group, earn more, are better educated, live longer, and come from more affluent backgrounds than other Americans. Those…

FCA confirms rule changes to clarify firms’ compliance with debt relief regulations – Out-Law.com

The regulations come into force on 4 May 2021 and establish protective periods, or breathing spaces under a debt respite scheme, during which creditors are prevented from carrying on certain activities in respect of breathing space debts. There is a standard, 60 day breathing space for people with problem debt and a mental health crisis…