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A service for banking industry professionals · Thursday, April 24, 2025 · 806,185,458 Articles · 3+ Million Readers
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  • Published on Apr 23, 2025

    Education Department announces May start dates for IDR processing and federal student loan collections

    The Department of Education will resume federal student loan collections in May, garnishing income from borrowers with defaulted student loans. Also, it has reopened income-driven repayment (IDR) plan applications with one noticeable change and said that …

    Source: Yahoo Finance - Pending
  • Published on Apr 23, 2025

    Student loan collections resume May 5, Wisconsin borrowers among millions at risk of garnishment

    RACINE COUNTY, WI — After more than five years on hold, the U.S. Department of Education will resume collections on defaulted federal student loans starting May 5, 2025. This includes wage garnishment, tax refund offsets, and other enforcement actions …

    Source: Racine County Eye - Wisconsin - Neutral
  • Published on Apr 23, 2025

    Defaulted Student Loan Collections to Resume in May

    The U.S. Department of Education announced on Monday that its Office of Federal Student Aid will resume collections of its defaulted federal student loan portfolio on Monday, May 5. As more student loan borrowers will experience increased financial strain …

    Source: PLANSPONSOR - New York - Pending
  • Published on Apr 23, 2025

    Briggs: Trump's tariffs are the new COVID shutdown

    We are on the verge of an economic crisis that could leave America poorer for generations. The danger is largely intangible so far. That's good. It means there's time to change course and avoid the worst of the potential damage. Indeed, President …

    Source: Indianapolis Star - Indiana - Pending
  • Published on Apr 23, 2025

    Stablecoins and Crypto Shocks: An Update

    Kenechukwu Anadu, Pablo D. Azar, Marco Cipriani, Thomas M. Eisenbach, Catherine Huang, Mattia Landoni, Gabriele La Spada, Marco Macchiavelli, Antoine Malfroy-Camine, and J. Christina Wang Stablecoins are crypto assets whose value is pegged to that of a …

    Source: Liberty Street Economics - Pending
  • Published on Apr 23, 2025

    The sad truth about Linda McMahon's Education Department

    The resumption of involuntary student loan repayments for federal borrowers in default couldn’t come at a worse time for Americans already struggling with higher prices. The policy also underscores the Education Department’s transformation under President …

    Source: MSNBC - Center-left
  • Published on Apr 23, 2025

    FAQ: AIR S&P 500 Total Return futures

    1. What are AIR Total Return Index futures? AIR TRFs are Total Return futures that have a built-in floating rate to accommodate the financing costs associated with funding the equity index exposure. These are the first of its kind to be initiated by CME …

    Source: Barchart - Pending
  • Published on Apr 22, 2025

    Americans trimming back wage expectations for new jobs: NY Fed

    Fox News contributor Gerry Baker discusses whether President Donald Trumps tariffs get in the way of tax reform on Varney & Co. American workers are lowering their expectations of the pay rate they want to take a new job, according to research by the …

    Source: FOX Business - Right-wing
  • Published on Apr 22, 2025

    More Americans teetering on the edge of bankruptcy. Here's why.

    The number of Americans considering bankruptcy is soaring to its highest level since just before the pandemic, a potentially alarming sign as clouds gather over the economy. Personal bankruptcy inquiries surged in the first three months of the year, …

    Source: CBS 3 Philly - Pennsylvania - Neutral
  • Published on Apr 22, 2025

    More than half of Coachella goers use buy now pay later

    As ticket prices continue to soar, festival goers are opting for ‘buy now pay later’ (BNPL) plans to afford Coachella tickets. This year Billboard reported that around 60% of the estimated 80,000 plus Coahcella attendees in 2025 chose BNPL options in …

    Source: Azzet - Pending
  • Published on Apr 22, 2025

    Could Trump actually fire head of the U.S. central bank, Jerome Powell?

    U.S. President Donald Trump on Monday kept up his verbal attacks on Federal Reserve Chair Jerome Powell over the Fed's refusal for now to further cut interest rates. On social media, the president referenced Powell when he said a slowdown would be …

    Source: CBC/Radio-Canada - Public Broadcaster
  • Published on Apr 22, 2025

    Long-dated yields rise as Trump ramps up attacks on Powell

    Longer-dated U.S. Treasury yields rose on Monday as investors watched with concern the escalating Trump administration attacks on Federal Reserve chairman Jerome Powell, which could exacerbate weaknesses in markets caused by U.S. tariffs. President Donald …

    Source: The Hindu - Center-left
  • Published on Apr 21, 2025

    10 Million Student Loan Borrowers Face Imminent Wage Garnishment, Offset As Collection Efforts Resume

    US President Donald Trump holds an executive order after signing it alongside US Secretary of ... More Education Linda McMahon (R) in the East Room of the White house in Washington, DC, March 20, 2025. US President Donald Trump signed an order March 20, …

    Source: Forbes - Neutral
  • Published on Apr 22, 2025

    Arizona revenue growth projections fall by more than half as Hobbs, lawmakers work on budget

    Legislative budget analysts are significantly downgrading their projections for Arizona revenue in the next fiscal year. That could leave lawmakers and Gov. Katie Hobbs with fewer options as they negotiate a budget. Projected revenue growth fell by more …

    Source: KJZZ - Arizona - Pending
  • Published on Apr 22, 2025

    What's known about whether Trump can fire Powell from the Fed

    (Reuters) - President Donald Trump on Monday kept up his verbal assault on Federal Reserve Chair Jerome Powell over the Fed's refusal for now to further cut interest rates, rattling financial markets growing ever more fearful that Trump may ultimately …

    Source: Yahoo Finance - Pending
  • Published on Apr 22, 2025

    U.S. Dollar Falls to Three-Year Low

    The Federal Reserve Bank of New York. Credit: Daniel Foster – CC BY-NC 2.0 via Flickr. The US dollar continued its decline on Monday, reaching its lowest level in three years. Experts indicate that global investors are retreating from US assets as …

    Source: Greek Reporter - Neutral
  • Published on Apr 21, 2025

    Millions of student loan borrowers are behind on payments

    Loan servicers estimate that this year about 4 million people have been reported to credit bureaus for late payments, and researchers at the Federal Reserve Bank of New York project that number will climb past 9 million by the end of June. Those rising …

    Source: The Boston Globe - Massachusetts - Neutral
  • Published on Apr 22, 2025

    Potential for deepfake audio, video to warp reality is building to crisis level

    Persona has published its fraud insights for the first quarter of 2025, and deepfakes take the headline. “The deepfake fight intensifies,” it says, noting a prediction from Deloitte’s Center for Financial Services that fraud losses for financial …

    Source: Biometric Update - Neutral
  • Published on Apr 22, 2025

    China’s formidable logistics sector challenges Trump tariff enforcers

    US President Donald Trump has escalated his trade war with China. Standing in his way are tens of thousands of Chinese logistics companies that experts believe help manufacturers minimize the impact of US tariffs through strategies that include …

    Source: KrASIA - Neutral

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