Discover what an allowance for credit losses means and how it's used in accounting to estimate uncollectible debts, enhancing financial statement accuracy.

Several changes to student debt forgiveness have been reflected in Trump’s tax bill, including lowering caps on graduate ...

US household debt climbed to a fresh high last quarter, with rising incomes leaving many consumers able to manage the burden, but lower-income groups showing signs of financial strain. Higher debt ...

U.S. household debt climbed to a fresh high last quarter, with rising incomes leaving many consumers able to manage the burden as lower-income groups show signs of financial strain. Higher debt levels ...