‘I’ve no idea how they got her number’: My student-loan servicer called a friend after I missed a payment. Is that legal?
“She said it’s the second message they have left.”
“She said it’s the second message they have left.”
Personal Finance Published: Tuesday, September 15, 2026, 16:51 [IST] The US Federal Reserve’s expected 25-basis-point rate increase on Wednesday could have consequences far beyond Wall Street. While the move is aimed at keeping inflation under control, American households could see changes in the cost of borrowing, returns on savings and the performance of their investments….
It’s no secret that the artificial intelligence (AI) hyperscalers are dumping billions of dollars into data centers to provide enough computing power to train their AI models along with running existing workloads. There’s not enough computing capacity to go around, and it will be several years before there is enough to meet the demand of…
President Donald Trump and Treasury Secretary Scott Bessent chalked up last week’s historic joint intervention to support the yen as a friendly gesture in support of an ally.
Here is the backstory. When the US Treasury launched Home Affordable Modification Program (HAMP) in 2009, servicers modified underwater loans by deferring portions of borrowers’ principal until maturity or payoff. Interest on deferred amounts stopped accruing. Servicers reported the deferred principal as realized losses, and Wells Fargo wrote down certificate balances – hundreds of millions…
“Right now, pending contracts are 30% below their pre-pandemic 2019 level, while payroll employment is 5% above,” he said. “That gap points to sizable pent-up demand that should be unleashed in the coming years as more supply reaches the market and affordability improves.” The labor market complicates the timeline. The US shed 23,000 jobs in July,…
Average fixed rates showed little movement over the past week, but the two-year rate is now 17 basis points higher than last month at 5.63%. The latest rate watch figures from Moneyfacts show the average two-year fixed rate remained flat week on week at 5.63%, as some major lenders cut prices and others increased costs….