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

Wells Fargo Reports Mixed Results, Auto Biz Slips as Card Use Up
Wells Fargo Reports Mixed Results, Auto Biz Slips as Card Use Up
July 14, 2017  |  Earnings

Wells Fargo, trying to bounce back from a scandal involving falsified accounts, and any number of hits to its reputation since late 2016, posted results...

READ MORE >
U.S. Consumer Borrowing Posts Biggest Increase In Six Months
U.S. Consumer Borrowing Posts Biggest Increase In Six Months
July 11, 2017  |  Payments Innovation

The American people are feeling more confident about spending, if last month’s consumer borrowing numbers are any indicator. Borrowing patterns tend to correlate directly with...

READ MORE >
Today In Data: CFPB’s Loan Forgiveness Program Complaints
Today In Data: CFPB’s Loan Forgiveness Program Complaints
June 22, 2017  |  Today In Data

The Consumer Financial Protection Bureau (CFPB) may be in over its head when it comes to key constituents’ feelings regarding its Public Service Loan Forgiveness...

READ MORE >
Leveraged Lending Sees a Renaissance
Leveraged Lending Sees a Renaissance
June 15, 2017  |  Investments

In investing, returns are everything, and when it comes to fixed income, yield is everything. The Wall Street Journal reports that investors are “desperate for...

READ MORE >
For CFPB, About Face On Debt Collection?
For CFPB, About Face On Debt Collection?
June 12, 2017  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has reversed course about debt collection, and, as The American Banker noted, “in a big win for third-party debt...

READ MORE >
Credit Card Charge-Offs Reach Highest Rate Since 2009
Credit Card Charge-Offs Reach Highest Rate Since 2009
June 09, 2017  |  Debt

Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting...

READ MORE >
BoA Says Half Of All Workers Stressed Out Over Money
BoA Says Half Of All Workers Stressed Out Over Money
June 02, 2017  |  Consumer Finance

Bank of America Merrill Lynch released a new study Thursday (June 1) that shows 56 percent of workers are stressed out about their finances. What’s...

READ MORE >
Big Banks Back Away From Auto Loans
Big Banks Back Away From Auto Loans
May 30, 2017  |  Loans

Big banks are pulling back from the $1.2 trillion U.S. car loan market due to fears that consumers have taken on more debt than they...

READ MORE >
Flying The Prepaid Skies
Flying The Prepaid Skies
May 26, 2017  |  News

Not everyone wants to use credit cards to grab miles in the sky while debt accrues on the ground. Netspend and United Airlines are linking...

READ MORE >