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NBCNews.com

Debtors' prison: ACLU report details 'criminalization of private debt'
NBCNews.com
Americans' reliance on household debt ─ and poor people's struggles to pay it off ─ has fueled a collection industry that forces many of them into jail, a practice that critics call a misuse of the criminal justice system. The accusation is ...
US Courts Jailing Thousands over Civil Debts 'Without Due Process,' ACLU SaysNewsweek
ACLU Release Research on Arrest Warrants for Private DebtLaw.com
The ACLU just proved that our courts are being manipulated by private debt collectorsSalon
ThinkProgress
all 11 news articles »



The Intercept

Citigroup Drove Puerto Rico Into Debt. Now It Will Profit From ...
The Intercept
One of the same banks that drove the Puerto Rico Electric Power Authority, or PREPA, into the red will now be paid to help auction it off to the highest bidder. Citigroup Global Markets Inc., or Citi, will be the main investment bank consultant in the ...
In Puerto Rico, a skirmish over how much debt the bankrupt island can handleVirgin Islands Daily News

all 57 news articles »



Bloomberg

S. Korea's Household Debt Hits Record $1.3 Trillion in 2017
Bloomberg
South Korea's household debt rose to a new record in 2017, even as the government tightened lending terms to cool the property market. Household debt including credit purchases rose to 1,450.9 trillion won ($1.3 trillion) at the end of December, up 8.1 ...
South Korea end-Q4 household debt growth near 3-year lowReuters

all 6 news articles »



CNBC

Trump's top economic advisor sees 3 percent GDP growth, with debt increasing near term
CNBC
The economist highlighted Trump's focus on deregulation and recent tax cuts as reason for a brighter economic outlook, though he admitted that national debt is likely to increase in the near term. "We're keeping a very close eye on government debt and ...

and more »



ACLU (blog)

Debt Collection Companies Have Hijacked the Justice System
ACLU (blog)
Denise Zencka, a mother of three in Indiana, had to file for bankruptcy because she couldn't afford to repay her bills for treatment for thyroid cancer. And because she was unable to work, she had to stay with her parents in Florida while she recovered ...




USA TODAY

33% of Americans do not have more savings than credit card debt
USA TODAY
One piece of financial advice that you have probably heard over and over again is the need for an emergency savings fund. The thinking goes that everyone should have three to six months' worth of living expenses set aside in the event of a sudden job ...
1 in 5 Americans have more credit-card debt than savingsMarketWatch

all 3 news articles »



CNBC

Trump administration may make it easier to wipe out student debt in bankruptcy
CNBC
Trump administration may make it easier to wipe out student debt in bankruptcy. The Department of Education said it will review how borrowers discharge student loans, an indication it could become easier to expunge those loans via bankruptcy. Still ...
Bankruptcy Options For Student Debt Could Possibly Change Under The Trump AdministrationAbove the Law
Federal officials consider changing hurdle for student borrowers hoping to erase debt in bankruptcyABA Journal

all 4 news articles »



Bloomberg

Italy Has Built a Buffer to Shield Its Debt From Higher Rates
Bloomberg
“We have a debt-sustainability analysis, we have put in the shock and we have read the figures, and debt is relatively sustainable, relatively resilient, because duration is quite long,” ECB Executive Board member Peter Praet said at an event in ...

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Syracuse.com

Crushing debt, intense competition 'toxic brew' for 'plain vanilla' Tops, analysts say
Syracuse.com
Analysts say it was a combination of "crushing debt," a highly competitive supermarket industry and a weak upstate New York economy. "It's been a difficult year for the industry as a whole and when you have a lot of debt and are not as well capitalized ...



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