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US credit card debt is mounting as banking giant Goldman Sachs warns Americans are facing an affordability crisis.
New data from the Federal Reserve Bank of New York shows American credit card debt increased by $44 billion in the fourth quarter of 2025, hitting $1.28 trillion.
Meanwhile, mortgage balances ballooned by $98 billion to reach $13.2 trillion.
In a new video update, Goldman Sachs chief...
A US bank employee hired to protect people from fraud ended up stealing $2 million from customers, according to the U.S. Department of Justice.
The DOJ says 36-year-old Chinese national Yue Cao used his position as a quant analytics manager at an Ohio bank’s fraud department to steal the identities of elderly customers who were not enrolled in the bank’s online services.
He created email...
Two men from New York are accused of running a healthcare scheme that defrauded Medicare and Medicaid out of more than $100 million.
The U.S. Department of Justice (DOJ) says it’s charging two men from Queens with masterminding a scam that stole $120 million from Medicare and Medicaid by submitting bogus claims.
Authorities say Inwoo Kim and Daniel Lee conspired to use Kim’s businesses – a...
New York City has officially launched a guaranteed income pilot program to test whether cash handouts can help people achieve self-sufficiency and stability.
The $1.5 million initiative is giving monthly no-strings-attached payments of $1,200 to young adults aged 18 through 24 who have struggled with homelessness.
In addition to the monthly payments, participants can also choose when they want to...
The U.S. Department of Justice (DOJ) is accusing a Minnesota man of draining millions of dollars from the government’s coffers.
The U.S. Attorney’s Office for the District of Minnesota says it’s charging Caesar Munir Wilson for orchestrating a multi-million dollar tax refund fraud scheme that ran from 2022 to 2023.
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Authorities allege Wilson filed more than $90 million in...
A US-based healthcare firm just disclosed a cybersecurity incident that may have compromised the data of tens of thousands of Americans.
In a new filing with the Office of the Maine Attorney General, the Ohio-based Counseling Center of Wayne and Holmes Counties says 83,354 people are affected by a network breach.
The center says an “unauthorized entity” accessed its system and may have stolen...
February 13th, 2026 – Singapore, Singapore
Ethereum-based payments settlement network Morph has integrated USDT0, the omnichain Tether liquidity network powered by LayerZero.
The move gives Morph, which aims to become the settlement layer for everyday money, direct access to unified USDT liquidity across 18+ blockchains.
For developers building payment apps, merchant tools or even DeFi...
A former International Monetary Fund (IMF) senior official is issuing a warning on US Treasuries amid reports that China is advising its banks to cut their holdings of US government debt.
Ex-IMF deputy director Desmond Lachman says there are “troubling signs” emanating from the US treasuries market as the long-term treasury bond yields fail to fall like they have historically done whenever the...
February 12th, 2026 – George Town, Cayman Islands
The Decibel Foundation today announced USDCBL, a U.S. dollar–denominated, protocol-native stablecoin designed to serve as the default collateral asset within the Decibel protocol’s trading environment.
USDCBL will be issued by stablecoin infrastructure provider Bridge, a Stripe company.
Decibel is a fully decentralized exchange built for...
Bitcoin is not looking hot in the near term, according to CryptoQuant CEO Ki Young Ju.
Ju says Bitcoin is “not pumpable right now,” with the market lacking the conditions needed for a sustained rally.
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“In 2024, $10 billion in cash could create $26 billion in BTC book value. In 2025, $308 billion flowed in, yet the market cap fell $98 billion.
Selling pressure is too heavy...