Newsroom Headlines
Many measures of credit performance for things such as credit-card or auto loans are moving in the wrong direction, like the percentage of payments that are late, or the share of debts being written
New York City intends to wipe out more than $2 billion in medical debt for up to 500,000 residents, tackling a top cause of personal bankruptcy, Mayor Eric Adams announced yesterday, the Associated
Global financial regulators will present the G20 in October their findings from a "deep dive" on how social media can speed up bank deposit outflows and changes to liquidity rules are needed, the
Florida is planning to borrow as much as $3.8 billion to infuse a state fund that reimburses property insurers for losses when homes are damaged or destroyed by hurricanes, Bloomberg News reported
Terraform Labs, the company behind the stablecoin TerraUSD, which collapsed and roiled cryptocurrency markets in 2022, filed for chapter 11 protection, according to court papers filed on Sunday
A federal appeals court on Friday ruled that an independent examiner must be appointed to oversee FTX’s ongoing bankruptcy to sort out what went wrong at the cryptocurrency exchange before it
A bankruptcy judge on Friday granted Rudy Giuliani, the former New York City mayor and ex-lawyer for Donald Trump, permission to challenge a $148 million defamation verdict, WSJ Pro Bankruptcy
Creditor groups and several law professors on Friday called for an end to what they call "judge shopping" in a Houston, Texas, bankruptcy court that directs all large cases to a couple of judges
Spirit Airlines raised its fourth-quarter guidance and outlined steps it is taking to shore up liquidity, after a ruling blocking its sale to JetBlue Airways raised questions about Spirit’s financial
The Consumer Financial Protection Bureau (CFPB) and seven state attorneys general sued Strategic Financial Solutions (SFS) and its web of shell companies for running an illegal debt-relief enterprise