Puerto Rico Debt Crisis: Republicans Introduce Bill To Help Manage US Territory’s Financial Obligations – International Business Times

House Republicans have introduced long-awaited legislation to help Puerto Rico manage its deepening debt crisis. A revised bill was introduced late Wednesday would create a control board to help manage the U.S. territory’s financial obligations and oversee some debt restructuring, the Associated Press reported. House Natural Resources Committee Chairman Rob Bishop said Wednesday that decisions…

TransUnion: Subprime Borrowers Help Push Canadian Debt Levels Up 3% – Marketwired (press release)

TORONTO, ON–(Marketwired – May 18, 2016) –  TransUnion’s (NYSE: TRU) latest Canada Industry Insights Report found that the average Canadian’s non-mortgage debt level rose to $21,348 in Q1 2016, up 2.7% from Q1 2015. The increase was particularly visible outside of the oil patch, with Ontario and Quebec seeing the greatest rises. Debt levels rose for…