Student-Loan Borrowers Hit by Steep Drop in Credit Scores

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 27 February 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Feb. 27. A pandemic-era freeze on federal student loans has been lifted, but many borrowers haven’t resumed their payments. WSJ personal finance reporter Oyin Adedoyin discusses why that has effects on individuals and the broader economy. Plus, a strong dollar complicates things for U.S. companies with global operations. Kristin Broughton, who covers corporate finance for the Journal, joins to talk about what companies are doing to stabilize their financial reporting. And the art of the beer sommelier—who wants to become a Master Cicerone? Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Americans love using their credit cards, the most secure and hassle-free way to pay.
0:04.0	But DC politicians want to change that with the Durban Marshall Credit Card Bill.
0:08.0	This bill lets corporate megastores pick how your credit card is processed,
0:13.0	allowing them to use untested payment networks that jeopardize your data security and rewards.
0:18.0	Corporate megastores will make more money and you pay the price.
0:22.1	Tell Congress to guard your card because Americans lose when politicians choose. Learn more at
0:28.1	guard your card.com.
0:33.4	President Trump plans another 10% tariff on products from China. Plus, Americans have to pay their federal student loans again.
0:41.3	Not doing it comes with consequences.
0:43.3	This can have ripple effects throughout the economy.
0:46.3	It puts things like home ownership at risk or getting a new car further out of reach for late payers.
0:52.3	And so folks who were in this position told me
0:54.7	that this just kind of felt like a nail in the coffin.
0:57.9	And for some U.S. companies,
0:59.6	strong dollar is kind of a nuisance.
1:02.2	It's Thursday, February 27th.
1:04.4	I'm Alex O'Sullo for the Wall Street Journal.
1:06.6	This is the PM edition of What's News,
1:08.8	the top headlines and business stories
1:10.5	that move the world today.
1:18.9	President Trump has announced an additional 10% tariff on imports from China over its role in the fentanyl trade.
1:25.7	The move doubles up on the previous 10% of additional tariffs
	...

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