Debt levels in the U.S. are climbing higher than ever, and the strain is being felt across millions of households. Borrowers are carrying larger balances overall in terms of their debt loads, and credit card debt has been rising steadily alongside other types of consumer borrowing. That means more Americans are juggling a lot of high-rate debt at a time when the average credit card interest rate…

As economic hardships continue, warning signs are flashing red for borrowers’ finances nationwide. According to a new report from VantageScore, borrowers appear to be leaning harder than ever on their credit cards, with balances climbing month over month and year over year as persistent cost-of-living pressures squeeze budgets. This uptick in credit card usage is hardly limited to routine…

SALT LAKE CITY — If you’re carrying high-interest credit card debt, using your home’s equity may be a way to ease the burden.

New data from the Federal Reserve Bank of New York shows credit card balances hit $1.21 trillion in the second quarter of 2025. With the average interest rate on credit cards topping 21% and some climbing as high as 28%, paying down balances can feel overwhelming.

While national current home equity rates are averaging about 8%, this could be even lower in Utah. “Is it wise to borrow against yourself? It may be one of the best options you have,” Dave Nellis with American First Credit Union said.

“We have lots of debt out there. It could be an auto loan, that could be credit card debt high interest rates. You could…

Photo Courtesy: Movieverse Entertainment (From left to right): Victor Migalchan, Samder Singh Khangarot
 and Darwin Tu at BonCredit.AI Headquarters in San Francisco.

San Francisco – BONcredit.ai, an AI-driven financial tool designed to help Gen Z, teens and everyone better manage their finances, was recently featured on the California LIVE Podcast. The podcast episode highlights BONcredit.ai’s innovative approach to helping young adults understand credit, manage debt, and build better financial habits.

As Americans collectively face more than $3 trillion in debt, the need for accessible financial education is more pressing than ever. With young people increasingly encountering credit card debt and student loans, BONcredit.ai offers…

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Game data platform GRID has acquired the intellectual property assets of B2B esports data company Bayes Esports, following Bayes’ recent insolvency filing. The assets acquired include live data trading solutions, prediction models, and fan engagement tools developed by Bayes over the last decade.

The acquisition will see Bayes’ assets integrated into GRID Bet, the company’s regulated esports betting solution. GRID Bet uses real-time data to deliver more accurate odds, faster bet settlements, and enhanced market coverage for operators and fans.

“We are bringing Bayes’ models and fan-facing solutions into the GRID data platform, where they will gain additional value when powered by official data,” Moritz Maurer,…

In the decision in Woodhouse, in the matter of Panoramic Resources Limited [2024] FCA 449 , handed down this week (1 May 2024) by Feutrill J, the Federal Court of Australia considered the meaning of  ‘Secured Property ‘as defined in a specific security deed and the extent to which phrases such as ‘in respect of’ could expand the types of collateral the subject of that defined term (and hence the collateral the subject of the specific security deed).

The Court found in favour of the plaintiffs (Panoramic’s administrators –  FTI Consulting), and in doing so emphatically rejected an argument made by the defendants (Receivers and Secured Party) that expressions such as ‘ in respect…

Amid today’s tough economic landscape, the financial stability that once seemed unshakeable among America’s most creditworthy borrowers is now showing cracks. A new report from VantageScore shows that even those borrowers with credit scores between 781 and 850 — the “superprime” category — are experiencing an uptick in delinquent payments. Last month, for example, there was a staggering…