Category: Loans

The Trump administration is backing away from a hard restart of student loan collections, halting a plan that would have let the federal government reach directly into paychecks of borrowers in default. Instead of moving ahead with broad wage seizures, the Education Department is pausing those involuntary tactics while it tries to steer struggling borrowers…

President Donald Trump’s latest move on student loans pauses some of the harshest collection tools just as younger voters are voicing anger over affordability. A prominent watchdog has branded the maneuver “beyond ridiculous,” arguing that the temporary freeze is less a coherent policy than a political gambit aimed at Gen Z borrowers. The clash over…

President Trump’s call for a nationwide 10% ceiling on credit card interest sounds like an instant win for households crushed by double‑digit rates. In reality, the way banks and card issuers are likely to respond could leave many borrowers with less credit, fewer protections, and higher costs in other corners of their financial lives. The…

Credit card balances that never seem to shrink are usually a math problem, not a moral failing. When interest rates on plastic run in the high teens or even above 20 percent, every month you carry a balance, the bank wins and your future self loses. Using a personal loan to wipe out that revolving…

Jamie Dimon is turning a dry number into a flashing red warning light. With U.S. government debt around $38 trillion, the longtime JPMorgan chief is arguing that the bill for years of easy borrowing is getting closer, and that the adjustment will not be gentle. His message is blunt: you cannot borrow forever without eventually…

The federal government has quietly launched what appears to be the largest exclusion from Small Business Administration programs in U.S. history, after uncovering a sprawling pandemic loan scheme centered in Minnesota. Nearly 7,000 borrowers tied to COVID relief are now locked out of future aid, as investigators probe roughly $400 m in suspected fraud that…

America’s red ink is no longer an abstraction. The federal tab has climbed to roughly $38.5 trillion, a figure so large it is easier to picture in political slogans than in balance sheets. Yet every dollar of that borrowing is someone’s asset, and the real story is who holds the IOUs that keep the United…

Millions of federal student loan borrowers are heading into a narrow window where paperwork and timing will decide who actually reaches forgiveness. The rules are shifting again before April 2026, and for some borrowers, failing to act could mean losing credit toward cancellation or missing out on more generous repayment terms. I want to walk…

President Donald Trump’s push to cap credit card interest rates at 10% for one year has set off a rare public debate between the White House, big banks, and fintech lenders. At the center of that debate is SoFi, whose CEO Anthony Noto argues that a hard ceiling on card rates would shrink traditional credit…

President Donald Trump is steering federal student-loan policy into a new era that treats “unaffordable” debt very differently from the last administration. Instead of expanding income-based relief, his team is tightening repayment rules, restarting interest for millions of borrowers, and phasing out the most generous forgiveness options. I see a coherent strategy emerging: push borrowers…