Editorial News

Many Americans are struggling to afford healthcare. Legislators in at least six states this year have approved measures related to patient medical debt, according to a report on legislative policy trends released Wednesday by United States of Care, a nonpartisan think…

Treasury yields fell on Wednesday as traders weighed another tamer-than-expected inflation report. The yield on the 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt — was 3 basis points lower at 4.555%. The yield on the 2-year…

Consumer litigation activity declined across the top three consumer protection statutes in May, according to the latest WebRecon report.  Telephone Consumer Protection Act lawsuits fell 18.2%, Fair Debt Collection Practices Act lawsuits dropped 9.8% and Fair Credit Reporting Act lawsuits declined 8.2% compared with April. The month-over-month pullback follows April’s notable sweep,…

U.S. Treasury yields edged higher on Friday after falling sharply the previous session, while oil prices fell, as traders monitored the prospect of a resolution to the Middle East war. The 10-year Treasury note yield — the main benchmark for mortgages, auto…

Less than two weeks after its record IPO, SpaceX has raised $25 billion in a debt sale. SpaceX on Monday announced a senior unsecured notes offering, with sources telling CNBC that the company was looking to raise $20 billion. The company said Tuesday that number increased to $25…

Officials from the U.S. Customs and Border Protection agency head to a federal trade court on Tuesday to try to find a way to refund tens of billions of dollars of tariffs that were collected and later deemed illegal by the…

A deal allowing the US to borrow more money has moved closer to becoming law, days before the world’s biggest economy is due to start defaulting on its debt. The measure easily passed the House of Representatives by a vote…

The S&P 500 and Nasdaq Composite rose to fresh intraday all-time highs on Tuesday, led by technology, as traders weighed the prospects of a potential U.S.-Iran deal being reached to end the war. The broad market index gained 0.61% and ended at 7,519.12, while…

President Donald Trump issued another significant Executive Order affecting the financial services industry, this time directed at integrating financial technology innovation more directly into the U.S. regulatory framework. The Executive Order, entitled “Integrating Financial Technology Innovation into Regulatory Frameworks,” was signed on…

Parker, a US-based fintech startup offering corporate credit cards and banking services for e-commerce businesses, has filed for Chapter 7 bankruptcy and is widely reported to have shut down, in one of the more notable collapses in the sector in…