A credit default swap (CDS) is a contract that protects lenders from borrower default. Learn how a CDS works, why they’re ...

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

Starting the week of Jan. 7, the Education Department will begin sending notices about paycheck deductions to about 1,000 of ...

Discover the key differences between loan delinquency and default, and learn how each state affects your credit score and ...

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

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.

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 ...

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

China Vanke Co., which just days ago got a reprieve on a local bond, is back in a familiar situation, as investors in another ...

China Vanke Co., once the country’s biggest developer before it succumbed to an unprecedented property crisis, is heading ...