debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

Fed’s Supervision Report Takes Note of Rising Card Delinquencies
Fed’s Supervision Report Takes Note of Rising Card Delinquencies
November 18, 2024  |  Banking

The banking system is sound, and resilient, according to the Federal Reserve. But the performance of some of the loans on banks’ books — particularly...

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New Bank Capital Rules May Pressure Credit Access for Paycheck-to-Paycheck Consumers
New Bank Capital Rules May Pressure Credit Access for Paycheck-to-Paycheck Consumers
November 15, 2024  |  Credit Cards

Consumers are borrowing more on their credit cards — just to pay the monthly bills. And as financially struggling consumers move toward hitting their spending...

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Fed: Household Debt Nears $18 Trillion as Delinquencies Pressure Consumers
Fed: Household Debt Nears $18 Trillion as Delinquencies Pressure Consumers
November 13, 2024  |  Economy

New government data shows American consumer debt continuing to grow. The Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on...

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CFPB: 63% of Student Loan Borrowers Have Difficulty Making Payments
CFPB: 63% of Student Loan Borrowers Have Difficulty Making Payments
November 13, 2024  |  Debt

Most student loan borrowers have had difficulty making their loan payments, but many don’t know they could choose a different repayment plan that could help...

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Fed Says Consumer Credit Decelerated in September; Card APRs Still at Multiyear Highs
Fed Says Consumer Credit Decelerated in September; Card APRs Still at Multiyear Highs
November 08, 2024  |  Consumer Finance

All eyes were on the Federal Reserve’s interest rate cut this week. As widely expected, the central bank delivered a 0.25% trimming to the federal...

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Small Businesses That Sell Online Outpace Brick-and-Mortar Store Sales
Small Businesses That Sell Online Outpace Brick-and-Mortar Store Sales
November 08, 2024  |  SMBs

Small- to medium-sized businesses (SMBs) that focus on online sales outperform those that rely on physical stores, according to the PYMNTS Intelligence report “SMB Growth...

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Exclusive: Ahead of New Presidential Administration, Paycheck-to-Paycheck Consumers Feel Pinched
Exclusive: Ahead of New Presidential Administration, Paycheck-to-Paycheck Consumers Feel Pinched
November 07, 2024  |  Economy

Regardless of whether they voted for Trump or for Harris, whether they live in a blue state or a red state, the people living paycheck...

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What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
November 06, 2024  |  Regulation

As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. Republicans are retaking the Senate, and the...

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Earnings Season Shows Consumer Pressures on Auto Loan Payments
Earnings Season Shows Consumer Pressures on Auto Loan Payments
October 21, 2024  |  Loans

Earnings reports this season, particularly from banks, have taken note of the resilience in consumer spending, especially on debit and credit cards, in various areas...

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