US To Start Revoking Passports Due To Owed Debt
The U.S. State Department will begin revoking the U.S. passports of thousands of parents who owe a ton of unpaid child support. The department told The Associated Press on Thursday…
some lenders are exploring private deals to sell their data center debt, and some banks are seeking to offload their Oracle-linked loans at a discount (Financial Times)
Featured Podcasts Lenny’s Podcast: Why cultivating agency matters more than cultivating skills in the AI era | Max Schoening (Head of Product, Notion) Interviews with world-class product leaders and growth…
T-Mobile’s ‘Family Freedom’ deal will now wipe out your Verizon debt and give you free phones
Edgar Cervantes / Android Authority TL;DR T-Mobile has renamed its Carrier Freedom initiative to Family Freedom, extending it beyond AT&T customers to those on Verizon. Eligible people switching up to…
ClearGrid, armed with a fresh $10M, is developing AI to improve debt collection in MENA
Debt collection in emerging markets often feels outdated, and can be costly — damaging borrower trust. As consumer lending surges and regulators push for fairer practices, legacy collection outfits are…
Zolve, a neobank for global citizens moving to the US, raises $51M and secures $200M debt
Zolve, a neobank that helps provide financial access to high-skilled and high-spending global citizens moving to the U.S., has raised $251 million in a new (equity and debt mix) funding…
Venture debt lenders will play a big role in fire sales and startup shutdown this year, experts say
When accounting startup Bench abruptly failed last month, the shutdown was forced when the company’s lenders called in the startup’s loan. In late 2023, the digital freight company Convoy faced…
Peter Thiel-backed venture debt firm Tacora raises $268.7M for new fund
Tacora Capital, a Texas firm that specializes in venture debt, has raised $268.7 million for its second fund, according to a new SEC filing. Tacora’s inaugural fund in 2022 raised…
Donald Trump Says Country Owes Jimmy Carter A ‘Debt of Gratitude’
Donald Trump‘s showering praise on the late Jimmy Carter … saying he did his best to improve the lives of his fellow Americans — and, the country owes him a…
Creditors Attempting To Force Michael Vick Into Bankruptcy Over Unpaid Debt
A trio of debt collectors is trying to force Michael Vick into bankruptcy in an effort to obtain a huge sum of cash they say the ex-NFL star owes them…
Comcast says customer data stolen in ransomware attack on debt collection agency
U.S. telecom giant Comcast has warned that cybercriminals stole the personal data of more than 230,000 customers during a ransomware attack on a third-party provider of debt collection services. The…