How student debt impacts the racial wealth gap

With an increasing number of young Americans accumulating student debt as they strive for a higher degree and a more secure economic future, their growing financial burden has been highlighted by the media and lawmakers. ...

Online loans likely to lead to the payday debt spiral

Resorting to the mobile phone for a quick injection of cash is on the rise as more online lenders join the market, a trend likely to lead more Australians into a spiral of debt, says QUT poverty researcher Professor Greg ...

Research shows impact of student debt on small business creation

Small business creation—a critical economic engine—is significantly hampered in areas of the country where residents carry more substantial student loan debt, according to research co-authored by Brent W. Ambrose of the ...

LendingClub, Alibaba ink deal on financing

US startup LendingClub, a leader in so-called peer-to-peer lending, announced a partnership Tuesday with China's Alibaba to be a source of credit for purchases at the online retailer.

Bailed-out banks issued riskier loans

(Phys.org) —Banks that received federal bailout money approved riskier loans and shifted capital toward risky investments, according to a University of Michigan researcher.

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