Venezuela Seeks Debt Relief, While Confusing Its Bondholders – Bloomberg

On Thursday, at a raucous gathering of loyal supporters in Caracas, President Nicolas Maduro made official what the bond market had been anticipating for years: cash-strapped Venezuela is going to seek debt relief. Blaming the financial sanctions imposed by the U.S. government — and its lackeys in the Venezuelan opposition who lobbied for such measures — Maduro said that a…

Concerns new credit reporting scheme will penalise people struggling with debt – ABC Online

Federal Government plans to force Australia’s big banks to give credit agencies more detailed information about customers’ financial behaviour could penalise the poor, consumer groups have warned. Key points: From 2018, CBA, ANZ, Westpac and NAB will have to give credit agencies more detailed information about customers’ financial behaviour Consumer groups say the…