A student who takes out $53,000 in debt, the average amount for those attending a four-year public university, will experience a a lifetime loss of wealth totaling $208,000, according to a new report from the think tank Demos. It dives into the long-term costs of rising student debt and finds that

Following last week’s report showing that Ohio students who graduate with student loans hold an average debt of nearly $30,000, U.S. Sen. Sherrod Brown (D-OH) will outline a plan that would help Americans saddled with costly, private student loans refinance to more affordable options. During a news

The Consumer Finance Protection Bureau (CFPB) recently issued several try-at-home remedies to aid in the struggle against unruly debt collection firms. In a blog post, they introduced:

The question of student loans is taking on an increasing urgency everywhere but Washington. Rates on federally subsidized loans doubled to almost 7% on July 1, thanks to Congressional bickering and dithering. The latest attempt to roll back the rates failed to get out of the Senate earlier this week

Afraid your bad credit may be holding you back from a great job? That soon may not be a concern for job-hunting New Yorkers, as the Credit Privacy in Employment Act passed the New York Assembly on June 20. The act will largely ban employers from using credit reports to influence employment decisions

A weekly summary of the top credit card stories that appeared in major publications across the country. Can a Bad Credit Report Hurt Your Job Search?

Can some types of debt cause the blues? Why are people approaching retirement age carrying credit card debt? This column shares results from recent research about credit card debt among older Americans. [...]

For some job seekers, repeated rejection by potential employers may be traceable to an unlikely source: their credit report. Regulators are cracking down on some of the methods companies are using to screen candidates (two major companies this week were accused of using background checks to

Credit reports weren’t designed to be job-screening tools. But about half of employers now use them when making hiring decisions, according to a 2012 study by the Society for Human Resource Management. The practice cuts across all sectors of the economy, from high-level management to office

Last month Nevada joined a growing number of states and cities that are forbidding companies from using credit checks to make employment decisions. But the practice is still legal under federal law. [...]