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NBCNews.com

Debtors' prison: ACLU report details 'criminalization of private debt'
NBCNews.com
Americans' reliance on household debt ─ and poor people's struggles to pay it off ─ has fueled a collection industry that forces many of them into jail, a practice that critics call a misuse of the criminal justice system. The accusation is ...
The ACLU just proved that our courts are being manipulated by private debt collectorsSalon
US Courts Jailing Thousands over Civil Debts 'Without Due Process,' ACLU SaysNewsweek
How debt collectors profit off of unconstitutional threatsThinkProgress
Law.com -RT
all 8 news articles »


The Intercept

Citigroup Drove Puerto Rico Into Debt. Now It Will Profit From ...
The Intercept
One of the same banks that drove the Puerto Rico Electric Power Authority, or PREPA, into the red will now be paid to help auction it off to the highest bidder. Citigroup Global Markets Inc., or Citi, will be the main investment bank consultant in the ...
In Puerto Rico, a skirmish over how much debt the bankrupt island can handleVirgin Islands Daily News

all 53 news articles »


CNBC

Trump's top economic advisor sees 3 percent GDP growth, with debt increasing near term
CNBC
The economist highlighted Trump's focus on deregulation and recent tax cuts as reason for a brighter economic outlook, though he admitted that national debt is likely to increase in the near term. "We're keeping a very close eye on government debt and ...

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ACLU (blog)

Debt Collection Companies Have Hijacked the Justice System
ACLU (blog)
Denise Zencka, a mother of three in Indiana, had to file for bankruptcy because she couldn't afford to repay her bills for treatment for thyroid cancer. And because she was unable to work, she had to stay with her parents in Florida while she recovered ...



CNBC

Trump administration may make it easier to wipe out student debt in ...
CNBC
The Education Department says it will review how borrowers discharge student loans, an indication it could become simpler to expunge loans in bankruptcy.
Bankruptcy Options For Student Debt Could Possibly Change Under ...Above the Law
Federal officials consider changing hurdle for student borrowers ...ABA Journal

all 4 news articles »


CNBC

NY supermarket chain Tops files bankruptcy, cites debt and Amazon
CNBC
The U.S. supermarket chain Tops Markets filed for bankruptcy on Wednesday, saying an unsustainable debt load, falling food prices and stiff competition from Amazon and other low-cost rivals forced it to reorganize. Tops said it expects the 169 stores ...
After bankruptcy, Tops says most debt will go awayBuffalo News
Tops files bankruptcy to get debt under controlwivb.com

all 55 news articles »


Politico

Treasury's Malpass says he's 'troubled' by national debt - POLITICO
Politico
A top Treasury Department official said Wednesday he is “troubled” by annual budget deficits and wants a three-year program to slow the growth of the national debt.
Treasury's Malpass Says Rising U.S. Debt, Deficit 'Troubling ...Bloomberg
Treasury official: 'I'm troubled by the national debt' | TheHillThe Hill

all 6 news articles »


Bloomberg

Ramaphosa Tax Gamble Targets Debt Before South African Vote ...
Bloomberg
South Africa's new president, Cyril Ramaphosa, risks alienating voters in the run-up to next year's elections after his administration announced plans to raise sales tax and curb spending as it seeks to stabilize debt and prevent a third junk credit ...

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USA TODAY

Some U.S. borrowers jailed over civil debts, new ACLU report shows
USA TODAY
Private debt collectors are partnering with local courts and prosecutors, using arrests and jail threats to try to force repayments, a report found.

and more »


CNBC

The Trump presidency has seen foreigners flock in as buyers of US government debt
CNBC
Foreign investors have taken a different approach to U.S. debt since Donald Trump was elected president, says Vertical Group banking analyst Dick Bove. In the 12 months prior to December 2017, foreigners had shifted to being net buyers of $20 billion ...


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