In the world of finance, not everything is as it seems. Tricolor Holdings, a company that specialized in lending money to people with poor credit for used cars, is now facing serious accusations. The company's executives, Daniel Chu and David Goodgame, are alleged to have misled banks and investors
The Republican Party in the Senate has a new plan. It wants to change how students pay back their loans. Some experts think this could lead to big problems. They worry that many students might struggle to pay back their loans. This could even cause a huge increase in loan defaults. The Senate Commi
Millions of people are in trouble with their student loans. The Education Department has big plans starting next month. They will start sending defaulted loans to collections. This means roughly 5. 3 million borrowers could see their wages taken, tax refunds seized, or even parts of their Social Sec
A top senator recently received a warning from a government watchdog about a worrying increase in defaults on COVID-era loans. The watchdog, Brian Miller, highlighted that these loan programs have reported losses of over $1 billion as of November 2024. These numbers have been growing since debtors s
