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TOYS 'R' US COLLAPSES INTO BANKRUPTCY THANKS TO CRUSHING DEBT
Chapter 11 was certainly not the company's preferred outcome, Chief Executive David Brandon said in a court filing... READ MORE›
NEW U.S. SUBPRIME BOOM, SAME OLD SINS
Few things capture this phenomenon like the partnership between Fiat Chrysler Automobiles NV and Banco Santander SA... READ MORE›
OTTAWA MOVES TO LIMIT FOREIGN MONEY IN HOUSING WHILE TIGHTENING RULES FOR RESIDENTS TOO
Ottawa has announced new rules aimed at limiting foreign money into Canadian real estate and ensuring that borrowers take on mortgages they can afford... READ MORE›
TD BANK RAISES MORTGAGE PRIME RATE TO 2.85%
It's rare for the big banks to leave much gap between themselves on their prime lending rates, so other major lenders are expected to follow suit... READ MORE›
HOW A RATE HIKE THIS WEEK WILL IMPACT YOUR OTHER DEBT
With the Bank of Canada set to raise lending rates, mortgage holders have been warned to expect more expensive debt than they've become used to... READ MORE›
'IT'S VERY TROUBLING': HIDDEN CAMERA CATCHES CAR DEALERSHIPS BREAKING SALES RULES
Today, more than half of new car loans are for seven years or longer, according to automotive research firm J.D... READ MORE›
STUDENT DEBT IN AMERICA HAS HIT A NEW RECORD
The rise in student debt worries federal regulators responsible for policing financial markets... READ MORE›
HERE'S WHY THE KUSHNER'S TOWER NEEDS A SAVIOR
We are very bullish on New York real estate, and we are confident that 666 Fifth has great upside potential, Kushner said at the time... READ MORE›
NO, TRUMP CAN'T CUT U.C. BERKELEY'S FEDERAL FUNDING BY HIMSELF
Berkeley's Federal Funding by Himself Trump accused the school of stifling free speech after protesters shut down an event... READ MORE›
AUSTRALIANS MAY SOON STRUGGLE TO MAKE ENDS MEET
Further intensifying the squeeze is a rising cost of living, with electricity prices climbing as much as 20 percent in New South Wales state next month... READ MORE›
MILLENNIALS ARE HELPING JACK MA'S FINANCING FIRM BECOME A DEBT GIANT
Ant Financial strictly follows relevant regulatory rules in disclosing information to investors... READ MORE›
THE DEBT-BUBBLE LANDMINE OBAMA LEFT FOR TRUMP
People with not-great credit scores have always made up about a fifth of the auto-loan market... READ MORE›
PAYDAY LOAN CHARGES CAP TAKES EFFECT
Christopher Woolard, of the FCA, said the regulator had taken action because it was clear that payday loans had been pushing some people into unmanageable debt... READ MORE›
350 PERCENT INTEREST RATE? SENATORS BANKROLLED BY PAYDAY LENDERS CAN LIVE WITH THAT
Advance America is one of the payday lending companies that have donated to the campaigns of sponsors of the Protecting Consumers' Access to Credit Act of 2017... READ MORE›
AUTO LOAN FRAUD SOARS IN A PARALLEL TO THE HOUSING BUBBLE
Losses from auto loan fraud this year will likely be 4 billion to 6 billion, up from 2 billion to 3 billion in 2015, the firm said... READ MORE›
SINGAPORE'S BIG BANKS' BAD-LOAN WOES MAY BE GETTING WORSE
Fourth-quarter results due this week from DBS Group Holdings Ltd... READ MORE›
THE 'NO-BRAINER' FIX TO AMERICA'S STUDENT LOAN MESS
An Education Department study last year revealed that some 57 percent of borrowers, or 696,000 people, whose income information came due at re-certification missed their deadline... READ MORE›
TOTAL DEBT AT UNDER-PRESSURE IRISH WATER NOW TOPS EUR850M
Earlier this year, Mr Kelly gave approval for Irish Water to enter into a number of committed facilities with commercial banks totalling EUR550m... READ MORE›
BANKS TIGHTEN AUTO LENDING AS MORE BORROWERS FALL INTO DEFAULT
Drivers with credit scores below 620 now comprise less than 20 percent of new loans, down from almost 30 percent a decade ago... READ MORE›
GREECE SAYS BAILOUT DEAL CLOSE, BUT WILL NOT ACCEPT 'ILLOGICAL' DEMANDS
Reaching agreement would release another tranche of funds from it latest 86 billion euro bailout, and facilitate Greece making a major 7.2 billion euro debt repayment this summer... READ MORE›
CHINA TO LAY OFF FIVE TO SIX MILLION WORKERS, EARMARKS AT LEAST $23 BILLION
In addition, an assortment of local government matching funds will also be made available... READ MORE›
AS WALL STREET THRIVES AMERICAS LITTLE GUY CHOKES ON PAPERWORK
Another problem for smaller borrowers There are almost no new banks... READ MORE›
'DEEP SUBPRIME' AUTO LOANS ARE SURGING
At least two dozen lenders have tapped the debt market to sell bonds that hold their subprime auto loans over the last few years... READ MORE›
COUNTRY ON THE BRINK OF DEFAULTING ON DEBTS
Puerto Rico financial crisis Country on the brink of defaulting on debts... READ MORE›
DOW UP 350 STOCKS SURGE AS HIKE SEEMSSET
The November jobs report has apparently sealed the deal for a Fed interest rate hike later this month... READ MORE›
ALMOST HALF OF NEW, YOUNG HOMEOWNERS HAVE DOWN PAYMENTS OF LESS THAN 20%
Counterintuitively, while the central bank is less worried about high-ratio loans, it is getting more worried about low-ratio ones... READ MORE›
NO INTEREST CHARGES FOR TROUBLED BORROWERS
This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled... READ MORE›
BEHIND THE DIZZYING STUDENT LOAN GAME NAVIENT ALLEGEDLY PLAYED
Half the time, Navient employees didn't bother to mention income-based repayment plans... READ MORE›
HOW CAN AUSTRALIAN HOUSEHOLDS GET AWAY WITH THE BIGGEST DEBTS IN THE WORLD?
It is an extraordinary fact that Australian households shoulder the biggest debts in the world, relative to our incomes... READ MORE›
INTEREST RATE HIKE SHOULD BE A 'KICK IN THE BUTT' FOR YOUR FINANCES
Prospective homebuyers should think twice about their homebuying budget as interest rates climb, Taylor says... READ MORE›