Posted on February 27, 2011 by
The long-slumping economy has been a boon to debt collectors, yet it’s become an even bigger windfall for the lawyers who sue them. Federal laws designed to protect consumers from abusive and unscrupulous debt collectors have become the tool for the newest form of “slip-and-fall” lawsuit.
Continue ReadingPosted on February 16, 2011 by
Talk about not mincing words. Democrat Kent Conrad, the Senate budget chairman, laid bare his extreme frustration with President Obama’s 2012 budget request this week.
Continue ReadingPosted on February 15, 2011 by
Romanian debt yields may remain around 7 percent as concern about inflation prevents a further decline in borrowing costs, BRD-Groupe Societe Generale SA Deputy Chief Executive Officer Claudiu Cercel said.
Continue ReadingPosted on February 12, 2011 by
Hundreds of specialist debt advisers facing redundancy have won a temporary reprieve after the government found £27m.
Continue ReadingPosted on February 8, 2011 by
Italy is seeking to block rules to penalize high-debt countries that miss numerical reduction targets, countering a German-led bid for tougher measures to prevent future debt shocks.
Continue ReadingPosted on February 2, 2011 by
Interest payments on the national debt could total $5.5 trillion over the next decade, or about 79% of the new debt estimated to accrue between 2012 and 2021.
Continue ReadingPosted on January 28, 2011 by
Thirty-five debt management companies have had to surrender their licences to the Office of Fair Trading.
Continue ReadingPosted on January 26, 2011 by
The elderly are increasingly in debt , experts say — and their families often have no idea.
Continue ReadingPosted on January 20, 2011 by
The amount of U.S. debt subject to the country’s legal maximum has topped $14 trillion for the first time.
Continue ReadingPosted on January 20, 2011 by
Kent Conrad’s announcement this week that he would step down in 2012 rather than seek re-election didn’t draw much attention outside the Beltway.
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