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Zambia’s debt restructuring limps over line as painful test case
Reuters· 4 days agoMore than three-and-a-half years, or 1,300 days, after resource-rich Zambia formally declared itself...
The UN says global public debt hit a record $97 trillion in 2023. Developing countries are hard hit
WROC Rochester· 3 days agoGENEVA (AP) — Global public debt rose to a record $97 trillion last year, the United Nations reported Tuesday, with developing countries owing roughly one-third of that — crimping their ability to …
JD Supra: FTC Cracks Down on Payments Processor for Facilitating Fraud
JD Supra· 2 days agoThe defendants have agreed to a settlement that includes a $10 million payment to compensate affected consumers and tighter restrictions on future business operations. According to the FTC’s ...
Some student-loan borrowers with private debt have a chance to get their balances wiped out — but...
Business Insider· 3 days agoThis story is available exclusively to Business Insider subscribers. Become an Insider and start...
Republicans demand latest student loan proposal be scrapped
Newsweek· 2 days agoA group of Republican lawmakers have called on the Biden administration to withdraw its latest plan...
How do you qualify for a debt consolidation loan?
Bankrate via AOL· 5 days agoSeek third-party help: If you have a significant amount of debt — $10,000 or more — consider seeking help from a credit counseling agency or debt relief...
Overwhelmed by student loans? A free new California program can help you
Los Angeles Times· 4 days agoStudent loan debt in California has topped more than $148 billion, and Sacramento wants to help. A...
Ghana Bondholders Told to Take More Losses to Match UK, China
Bloomberg· 1 day agoGhana’s eurobond holders need to take more losses as the nation works to restructure debt to match...
Wiley Consumer Protection Download (June 4, 2024) | JD Supra
JD Supra· 3 days agoSupreme Court Upholds CFPB Funding Structure as Constitutional. On May 16, the U.S. Supreme Court held that Congress may allow the CFPB to draw money from the Federal Reserve System consistent with the Constitution’s Appropriations Clause.
Pope calls for global push to tackle poor nations' debt crises
Reuters· 3 days agoThe world must do more to reduce the debt burden faced by low income countries to avoid them...