House Republicans have introduced their plan to overhaul the U.S. student loan system. The measure, introduced Monday (April 29) by members of the House Education and Workforce Committee, calls for caps on federal student loan borrowing, while also giving borrowers fewer options for income-driven repayment...
Borrowing by U.K. banks from a certain Bank of England facility is reportedly at the highest level since the pandemic. As Bloomberg News reported Tuesday (March 4), this is happening as the country’s central banks push to drain extra liquidity from the financial system has...
U.S. consumer borrowing saw a surprise surge in December, the largest increase on record. Total credit rose by $40.8 billion following a $5.4 billion decline the month before, according to Federal Reserve data released Friday (Feb. 7). A report by Bloomberg News says this increase...
New Federal Reserve data shows American consumers’ credit card debt continuing to climb. The data, released Friday (Dec. 6), showed U.S. consumer credit climbing from $5.093 trillion in September to $5.113 trillion in October. Consumer credit on a seasonably adjusted basis increased at a 4.5%...
May 04, 2025
With tariffs threatening to raise prices, creditors that lend to the retail space are reportedly worried. That’s according to a report Saturday (May 3) from Bloomberg News, which cited the example of Saks Global Enterprises. That department store chain’s creditors were already concerned, even before Saks announced plans to raise more debt, as its notes […]
April 29, 2025
House Republicans have introduced their plan to overhaul the U.S. student loan system. The measure, introduced Monday (April 29) by members of the House Education and Workforce Committee, calls for...
March 04, 2025
Borrowing by U.K. banks from a certain Bank of England facility is reportedly at the highest level since the pandemic. As Bloomberg News reported Tuesday (March 4), this is happening...
February 09, 2025
U.S. consumer borrowing saw a surprise surge in December, the largest increase on record. Total credit rose by $40.8 billion following a $5.4 billion decline the month before, according to...
