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Student-Loan Restart Threatens to Pull $100 Billion Out of Consumers’ Pockets

The restart of student-loan payments could divert up to $100 billion from Americans’ pockets over the coming year, leaving consumers squeezed and some of the nation’s largest retailers fearing a

An Inflation Jump Could Bring Junk Debt Default Wave, Bank of America Says

Inflation is showing early signs of picking up again in the U.S., and if it accelerates from here, U.S. high-yield issuers could see a surge in defaults, according to Bank of America Corp. credit

Corporate Borrowers Are Giving In to High Rates, Wells Fargo Says

Corporate borrowers are coming to terms with the likelihood that Federal Reserve officials will keep interest rates in the U.S. elevated for a protracted period of time, according to Wells Fargo & Co

Former Wells Fargo Executive Avoids Prison in Fake-Accounts Scandal

The former head of Wells Fargo's retail bank on Friday avoided prison time after pleading guilty to an obstruction charge related to the bank's sweeping fake-accounts scandal, Reuters reported. Carrie

New Jersey Construction Company Operator Pleads Guilty to Tax Crimes and Bankruptcy Fraud

A New Jersey man pleaded guilty yesterday to tax evasion, employment tax crimes, aiding the filing of false tax returns and making false statements in bankruptcy, according to a DOJ press release

IRS Freezes Pandemic-Era Tax Credit Amid Fraud Fears

The Internal Revenue Service said on Thursday that it was freezing a pandemic-era employer tax benefit that has been a magnet for fraud and has cost the federal government billions of dollars as the

Estes Sets New Floor of $1.525B for Yellow Terminals

Private less-than-truckload carrier Estes Express Lines’ new bid of $1.525 billion for Yellow’s terminals is now the front-runner, court documents revealed on Wednesday, Freight Waves reported. A

FTX Opposes BlockFi’s Bankruptcy Plan

FTX objected to BlockFi’s bankruptcy plan Wednesday, claiming it “still suffers from certain fundamental shortcomings,” BlockWorks reported. FTX’s attorneys believe that “the Plan unfairly

Canopy Growth Seeks Bankruptcy Protection for BioSteel to Trim Costs

Canada's Canopy Growth said yesterday that it would seek bankruptcy protection for its sports nutrition products' segment BioSteel, in the pot producer's latest attempt to rein in costs. Canopy's

Alex Jones Spent over $93,000 in July. Sandy Hook Families Who Sued Him Have Yet to See a Dime

As Alex Jones continues telling his Infowars audience about his money problems and pleads for them to buy his products, his own documents show life is not all that bad — his net worth is around $14