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The temporary tax exemption on student loan forgiveness expired January 1, 2026. Nearly 200,000 borrowers approaching cancellation could owe the IRS $10,000 or more on forgiven debt.
Auto loan delinquencies have reached their highest levels since the Great Recession, with 5% of outstanding auto debt at least 90 days late as record vehicle prices squeeze household budgets.
The Consumer Financial Protection Bureau's new report shows Americans paid $160 billion in credit card interest in 2024, with average rates near 21% and debt exceeding $1.2 trillion.
As of January 1, 2026, student loan forgiveness through income-driven repayment plans is taxable again. Borrowers with $57,000 in forgiven debt could face a $12,000 tax bill.
Average HELOC rates have fallen to 7.23% and home equity loan rates to 7.44%, their lowest since late 2022. With $35 trillion in home equity and three expected Fed cuts, borrowing is accelerating.
Dallas Fed President Lorie Logan told a financial industry conference that the federal funds rate may already be near the neutral level that neither stimulates nor restrains the economy, effectively signaling that the Fed's easing cycle could be finished after just three cuts.
The Trump administration killed the SAVE plan in a settlement with Missouri. Two new repayment plans launching July 2026 will dramatically increase monthly payments for millions.
As of January 1, 2026, federal student loan forgiveness through income-driven repayment plans is now subject to federal income tax. Here's what borrowers need to know about this major change.
Credit card delinquency rates dropped to 2.98% in Q3 2025, marking five consecutive quarters of improvement as consumers pull back on borrowing.
Average personal loan interest rates have dropped nearly a full percentage point from last year as Federal Reserve rate cuts trickle down to consumer borrowing costs.
Major banks consider offering credit cards with 10% interest rate caps as Trump pushes for consumer relief, but industry warns of devastating consequences for credit access.
TransUnion forecasts the smallest credit card balance growth since 2013 and stable delinquency rates, signaling improved consumer credit behavior in 2026.