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

Household Pressures Mount as Revolving Card Debt Creeps Up
Household Pressures Mount as Revolving Card Debt Creeps Up
February 17, 2023  |  Consumer Finance

The American consumer still has some dry powder left when it comes to credit. But the revolving balances we’re carrying — and which increased into...

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CFPB: Strong Labor Market and Pandemic Relief Drove Down Collections
CFPB: Strong Labor Market and Pandemic Relief Drove Down Collections
February 14, 2023  |  Debt

A strong labor market and pandemic relief programs helped consumers keep current on their bills. As a result, from 2018 to 2022, the total number...

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Lenders Prepare for Defaults as Recession Looms
Lenders Prepare for Defaults as Recession Looms
January 30, 2023  |  Economy

Banks and lenders are setting aside funds to cover loan losses out of fear of a recession. As The Wall Street Journal (WSJ) reported Monday...

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Consumers May Be Pinched as Interest Payments Increase
Consumers May Be Pinched as Interest Payments Increase
January 27, 2023  |  Economy

Consumers are still spending, but the question remains: For how long? Recent earnings results from the payments networks — Visa, Mastercard and American Express —...

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Lenders Under Regulatory Scrutiny as Consumer Debt Soars in Europe
Lenders Under Regulatory Scrutiny as Consumer Debt Soars in Europe
January 26, 2023  |  Bank Regulation

European regulators are targeting lenders as they look to protect consumers from excessive debt. In various guises across the continent, borrowing is on the rise....

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Credit ‘Normalization’ Signals Pressure on Paycheck-to-Paycheck Consumers
Credit ‘Normalization’ Signals Pressure on Paycheck-to-Paycheck Consumers
January 24, 2023  |  Credit Cards

Financial services firms’ earnings suggest paycheck-to-paycheck consumers are straining to manage credit card debt. PYMNTS data found that paycheck-to-paycheck consumers are more than three times...

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CFPB Claims Victory in Battle Against ‘Sketchy’ Debt Collection Suits
CFPB Claims Victory in Battle Against ‘Sketchy’ Debt Collection Suits
January 12, 2023  |  CFPB

The CFPB says it has settled a lawsuit against a debt collection firm it accused of filing junk lawsuits against consumers. Assuming a judge approves...

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UK Central Bank Warns Lenders of ‘Prolonged’ Period of Stress
UK Central Bank Warns Lenders of ‘Prolonged’ Period of Stress
January 11, 2023  |  Debt

The Bank of England said financial institutions should expect more scrutiny of their credit portfolios. “The operating environment for firms remains challenging,” the central bank...

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Biden Looks to Halve Student Loan Payments for Some Borrowers
Biden Looks to Halve Student Loan Payments for Some Borrowers
January 10, 2023  |  Loans

The Biden Administration has proposed an income-driven repayment plan designed to ease student loan debt. The proposed regulations, announced Tuesday (Jan. 10) would amend the...

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