Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume
This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face collection activity, including the garnishment of their wages and retirement benefits. In a new U.S. Department of Education memo obtained by CNBC, a top official lays out for the first time details of when garnishments may resume — in some cases, ...
Numerous Citibank customers reported receiving fraud alerts and having difficulty accessing their accounts Wednesday. According to DownDetector.com, which tracks reports of digital services interruptions, hundreds of Citibank users had flagged issues related to their accounts as of midday. The site indicated the interruptions had been occurring since at least 9 a.m. ET. Some customers reported on X that they received ...
JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history. Here’s what the company reported: The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier, when the firm had a $2.9 billion FDIC assessment tied ...
Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer now expects comparable sales in the fiscal fourth quarter to grow by about 1.5%. That’s better than its most recent outlook that the metric would be approximately flat. Comparable sales includes sales ...
As Israel and Hamas edge closer to a possible ceasefire-hostage agreement, a small number of families whose loved ones remain captive in Gaza are saying “No” to a deal. Many members of the Tikva (Hope) Forum fringe group, including settlers in the occupied West Bank, hold right-wing ideologies. They oppose the release of Palestinian prisoners in Israel as part of ...
India on Thursday became the fourth country to successfully achieve an unmanned docking in space, a feat seen as pivotal for future missions as New Delhi cements its place as a global space power. The United States, Russia and China are the only other countries to have developed and tested the docking capability. “Spacecraft docking successfully completed! A historic moment,” ...
Sydney (Reuters) — Voting began on Thursday to elect a new government in Vanuatu, a month after a 7.3-magnitude earthquake struck the Pacific island nation’s capital Port Vila, killing at least 16 people, triggering landslides and damaging several major buildings. A snap election had to be called after Vanuatu President Nikenike Vurobaravu in November dissolved the parliament following a no-confidence ...
Kyiv, Ukraine (AP) — British Prime Minister Keir Starmer arrived in Ukraine Thursday with a pledge to help guarantee the country’s security for a century, days before Donald Trump is sworn in as US president. The British government says Starmer and Ukrainian President Volodymyr Zelensky will sign a “100-Year Partnership” treaty in Kyiv, covering areas including defense, science, energy and ...
We are all vulnerable to the rapid spread of phone scams – including, it seems, world leaders. Thailand’s prime minister has revealed she got a call from an AI system, demanding money in the voice of another famous head of government. Paetongtarn Shinawatra did not reveal who the computer was mimicking, but said she received a message in a voice ...
Bollywood star Saif Ali Khan was out of danger, police said on Thursday, following stab injuries received in a scuffle with an intruder at his home in India’s financial capital of Mumbai for which he was undergoing surgery. Among the country’s most bankable stars, Khan, 54, is the son of former India cricket captain Mansur Ali Khan Pataudi and actress ...