Credit card defaults are at their highest level since 2010 as consumers feel increasingly stretched. As the Financial Times (FT) reported Sunday (Dec. 29), card...
The Federal Trade Commission (FTC) is sending over $540,000 in refunds to consumers harmed by a debt collection scheme. The refunds follow the FTC’s filing of...
LendingClub and AI lending network Pagaya have acquired Tally Technologies’ intellectual property. Tally, a FinTech that helped consumers manage credit card debt, closed its doors...
U.S. consumers are taking on more card debt than has been seen in years. And in recent weeks, filings by several big banks show that...
Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit...
The pressures of increased debt burdens are put in stark relief with the latest data from the central bank. And the burden is felt keenly...
Connecticut reportedly plans to cancel $650 million in medical debt for its residents. This relief will impact around 250,000 people and will make Connecticut the first state...
America’s credit card companies ended December with delinquencies and charge-off rates essentially unchanged from November. And as a Monday (Jan. 29) Seeking Alpha report notes,...
Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. Revolving credit accounted for $19.1 billion of...