A spokesperson for the federal Department of Education said the agency will send the first notices to defaulted borrowers in ...

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

The Education Department issued alerts to borrowers this week, falsely indicating that their federal student loans are in ...

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.

With student loan payments back, wage garnishment is a real threat for borrowers in default. Learn how it works, who is at ...

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.

The Trump administration in January will begin garnishing the wages of student loan borrowers who are in default. The ...

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 ...