More than 60 Democratic lawmakers, led by Sen. Elizabeth Warren (D-Mass.), urged Education Secretary Linda McMahon on Sunday to provide student debt relief to eligible borrowers and halt plans to transfer defaulted student-loan accounts to the Treasury Department. The lawmakers said 7.7 million borrowers were in default at the end of 2025, while another 3…
Businessman Huang Youlong, the ex-husband of Zhao Wei, is facing legal action over an alleged gambling debt dating back a decade. According to Hong Kong businesswoman Cai Yifeng, Huang Youlong borrowed AUD 60 million from the Sun City Group to gamble in Australia around 10 years ago. As the guarantor for the loan, Cai Yifeng…
A woman from Norfolk, Virginia, was sentenced on Friday, June 5, for embezzling more than $100,000 from her employer to cover her gambling debts. Identified as K. L. H., the 55-year-old woman was employed as the treasurer for a manufacturer of brake products in the city. Company Treasurer Busted, Sentenced for Embezzling Six-Figures from Employer…
Democratic lawmakers are pushing the Education Department to deliver student-debt relief to eligible borrowers. They also urged the department to continue the pause on involuntary collections and stop the transfer to the Treasury. The push comes as student-loan defaults are at a record high. Millions of student-loan borrowers are in default. Lawmakers want the Trump…
Millions of student-loan borrowers are in default. Lawmakers want the Trump administration to keep more from falling deeper into trouble. On Monday, Sen. Elizabeth Warren and Jeff Merkley, and Reps. Ayanna Pressley and André Carson, led over 60 of their Democratic colleagues in pushing Education Sec. Linda McMahon to provide student-debt relief to eligible borrowers.…
Grants to help with energy debt BBC Read the original article here
Greece’s parliament is set to vote on a bill this week, raising the protected balance in personal bank accounts to €1,600, as the government seeks to ease pressure on indebted households facing widespread enforcement measures. The proposal, announced by National Economy and Finance Minister Kyriakos Pierrakakis, would increase the non-seizable threshold from €1,250, shielding a…
Bengaluru: Credit Nirvana, the AI-powered debt management and collections platform owned by Perfios, has appointed Vinay Sathyanarayan as its new Chief Executive Officer (CEO), marking a key leadership transition aimed at accelerating innovation and growth in the debt collections and recovery intelligence space. The appointment reflects Perfios’ strategy of building and scaling entrepreneurial businesses within…
A REDDITCH charity that offers free debt help says it is becoming more difficult to repay ‘dangerous debt’. Christians Against Poverty (CAP), working with Oasis Christian Centre, provides free debt advice to local people struggling with the cost of living. A landmark report from CAP reveals families in the West Midlands coming to the…
Spiralling living costs and rising interest rates have prompted a growing number of Aussies to roll their personal debts into their home loans in what could be a risk for the economy. New Finder.com.au research has estimated that more than a million Aussies have rolled car loans, credit card debts and other loans into single…