A credit default swap (CDS) is a contract that protects lenders from borrower default. Learn how a CDS works, why they’re ...

Starting the week of Jan. 7, the Education Department will begin sending notices about paycheck deductions to about 1,000 of ...

The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.

The Department of Education will soon begin garnishing wages for defaulted federal student loans. Borrowers currently in ...

About 1,000 defaulted student-loan borrowers will receive wage garnishment notices the week of January 7 with more to come as ...

About 5.5 million borrowers are currently in default. They haven't risked wage garnishment since the beginning of the pandemic, when policymakers paused the practice.

Learn about cross-default clauses in loans, their mechanisms, domino effects on debt, and ways to mitigate financial risks.

As 2025 nears its end, the new year will mean nearly 43 million Americans with student loan defaults will have to start repaying. Beginning next month, the U.S. Department of Education will send ...

A default happens when you have skipped one or several payments in a row on a loan or credit card. Since defaulting can cause your credit (and overall financial health) to quickly plummet, you want to ...

China Vanke Co., which just days ago got a reprieve on a local bond, is back in a familiar situation, as investors in another ...

China Vanke Co., once the country’s biggest developer before it succumbed to an unprecedented property crisis, is heading ...