The former University of Massachusetts economics professor explains the historical role of credit in helping to preserve communities.
After an investigation into the state’s student loan program, Gov. Chris Christie signed a reform bill ending its most onerous practice.
Developing countries are continuing to struggle with the weak global economy. The bank said it expected to lend more than $150 billion in the four years from 2013 -- a period when global economic activity repeatedly failed to match expectations.
Touted as a necessity but priced like a luxury, many degree programs are mediocre or worse -- predatory loan scams that hustle aspiring students into deep debt and poverty.
Racial wealth inequality has widened due to targeting of black Americans by pre-2008 subprime mortgage lending, a report by the American Civil Liberties Union finds.
Petro Poroshenko admits that a $17.5 billion International Monetary Fund loan and its associated austerity measures won’t improve the lives of ordinary Ukrainians -- but will help pay foreign creditors and fund the country's ongoing civil war.
With outstanding student debt in the U.S. topping $1.3 trillion, 15 former Corinthian Colleges students are refusing to pay the onerous, exorbitant cost of a shoddy education.
A program called "fresh start" began Monday in Croatia and it's as incredible as it sounds.
USA Discounters, the Virginia-based retailer at the center of a ProPublica investigation in July, says it has made reforms to its lending practices to service members. But instead of overhauling its policies, the company has simply adopted a new name for its stores, USA Living, and continues to make loans much the way it did before.
Occupy Activists Try to Restore Our Faith in 'Collective Power' by Wiping $3.9M of Student Loan Debt
The Strike Debt movement, which has its roots in Occupy Wall Street, bought and "abolished" a portfolio that included the student loan debts of 2,700 students who had attended the privately run Everest College.