Student Loan Wage Garnishment Returns: What 12 Million Borrowers Need to Know
For the first time since 2020, the federal government is resuming wage garnishments on defaulted student loans. Over 12 million borrowers are delinquent or in default.
51 articles found for "debt"
Student Loan Forgiveness Now Taxable: How the 2026 'Tax Bomb' Could Cost Borrowers Thousands
The federal tax exemption on student loan forgiveness expired January 1, 2026. Here's how much it could cost borrowers and what you can do to prepare.
Trump's 10% Credit Card Rate Cap: What It Means for Your Wallet and the Banks
President Trump's call for a 10% credit card interest rate cap has roiled bank stocks and sparked debate about consumer finance. Here's what cardholders need to know.
Student Loan Wage Garnishments Return: What 12 Million Borrowers Need to Know
The Trump administration has begun sending wage garnishment notices to student loan borrowers in default. With 12 million borrowers delinquent or defaulted, here's what you need to know.
Student Loan Forgiveness Is Now Taxable Again: What Borrowers Need to Know
The temporary exemption making student loan forgiveness tax-free has expired. Borrowers qualifying for income-driven repayment forgiveness in 2026 could face tax bills of $10,000 or more.
The BNPL Reckoning Approaches: Why Buy Now Pay Later Default Rates Could Surge in Early 2026
Research suggests buy now pay later default rates could jump as much as 50% in Q1 2026 as holiday payment installments come due. With 41% of users already missing payments, a reckoning may be approaching.
The SAVE Plan's Final Chapter: 7 Million Student Loan Borrowers Face a Dramatic Reset in 2026
The Trump administration's settlement ends Biden's SAVE student loan plan. Here's what 7 million borrowers need to know about new repayment options and higher costs ahead.
Credit Card APRs Stuck Above 21%: Why Fed Rate Cuts Haven't Brought Consumer Relief
Despite three Fed rate cuts in 2025, average credit card interest rates remain above 21%. Here's why relief has been slow to arrive—and what cardholders can do.
The CFPB Survives: Federal Court Blocks Trump Administration's Latest Attempt to Defund Consumer Watchdog
A federal judge ruled the Consumer Financial Protection Bureau must continue receiving funding, dealing a major blow to the administration's efforts to shutter the agency.
New York's BNPL Crackdown: The First Major State Regulation of Buy Now, Pay Later
New York has enacted the nation's most comprehensive Buy Now, Pay Later regulations as federal oversight retreats. Here's what it means for consumers and the industry.
The Student Loan Tax Bomb Starts Today: What Borrowers Need to Know About 2026's Biggest Financial Trap
As of January 1, 2026, student loan forgiveness through income-driven repayment plans is once again taxable income. Here's how to prepare for the financial hit.
Student Loan Collections Return in 2026: Wage Garnishment Resumes After Years of Pause
After years of pandemic-era pauses, federal student loan collections will resume in early 2026. Wage garnishment and tax refund offsets will affect millions of borrowers in default.