When President Barack Obama signed legislation in 2010 to create the Consumer Financial Protection Bureau, he said the new agency had one priority: looking out for people, not big banks, not lenders, not investment houses. Since then, the CFPB has done its share of policing mortgage brokers, student loan companies, and banks. But as the…
Debt can be crippling. It can snowball so large that you can barely keep up with the minimum payments and barely address the principal owed. If you fall behind, you get bombarded with creditors calling you to pay up or threatening you with legal action. You can be taken to court over your debt with…
Inflation-adjusted interest rates are well above post global financial crisis lows, while medium-term growth remains weak. Persistently higher interest rates raise the cost of servicing debt, adding to fiscal pressures and posing risks to financial stability. Decisive and credible fiscal action that gradually brings global debt levels to more sustainable levels can help mitigate these…
By AFSCME Staff Wednesday, March 27, 2024 Over 870,000 public service workers, many of them AFSCME members, have had their student debt forgiven through the Public Service Loan Forgiveness program. Now, the Biden administration is helping lessen the burden on even more people struggling with student loans. More than 7.5 million other Americans including those…
With everything from cars to groceries being more expensive, its no surprise that people are taking on more debt. According to a report released by the Federal Reserve Bank of New York, credit card balances increased by nearly 5% during the fourth quarter of 2023. If youre struggling to pay down your credit card balances,…
Prime Minister Dinesh Gunawardena, who is on an official tour of China, met Li in Beijing, a statement from the Sri Lankan prime ministers office said. The two premiers also witnessed the signing of nine new agreements between China and Sri Lanka China will help Sri Lanka in its debt restructuring process, Chinese Premier Li…
Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email A new survey shows wide support, particularly on the left but among younger Americans broadly across the spectrum, for student debt relief. The questions for Joe Biden are: Can he sell…
If your auto loan payments have become too much for your budget to bear, you should consider your options for auto loan debt relief. This can involve anything from modifying your loan to surrendering your car. Here are some strategies for dealing with an auto loan you can’t afford. Auto loan debt relief options Compare…
Adani Ports and Special Economic Zone (APSEZ) has announced that it is set to purchase a 95 per cent majority stake in Odishas Gopalpur Port for a value of 13.49 billion rupees ($161.74 million) to bolster its east coast presence. Adani Ports will purchase a 56 per cent stake in Gopalpur Port from real-estate conglomerate…
Normal text sizeLarger text sizeVery large text size Millions of Australians with substantial debt hangovers have been scrambling to start the year with better financial habits and pay off their debt. But changing habits is hard. Setting realistic targets and getting more creative about budgeting means youre more likely to make those money-saving resolutions stick…