consumer borrowing

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....

READ MORE >
For The Fed, It’s Hurry Up And Wait On Rates
For The Fed, It’s Hurry Up And Wait On Rates
February 21, 2019  |  Economy

Conventional wisdom coming into this past week held that the Federal Reserve would raise rates at least twice this year. But the conventional wisdom may...

READ MORE >
Public Service Loan Forgiveness Program Accepts Few Applicants
Public Service Loan Forgiveness Program Accepts Few Applicants
September 21, 2018  |  Loans

To help manage their student loan debts, 28,000 borrowers have sent in 33,300 applications for the Public Service Loan Forgiveness (PSLF) program. However, approximately 99...

READ MORE >
Consumer Borrowing Hits $13.29 Trillion In Second Quarter
Consumer Borrowing Hits $13.29 Trillion In Second Quarter
August 14, 2018  |  Loans

American’s increased the amount of money they borrowed in the second quarter, with consumer borrowing reaching $13.29 trillion during the quarter ending in June. Reuters, citing...

READ MORE >
American Consumer Debt To Hit $4 Trillion By EOY
American Consumer Debt To Hit $4 Trillion By EOY
May 11, 2018  |  Debt

New data shows that Americans are on pace to accumulate a collective $4 trillion in consumer debt by the end of 2018. LendingTree, the nation’s...

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 >
Americans Are Borrowing Like It’s 2008 … Sort Of
Americans Are Borrowing Like It’s 2008 … Sort Of
May 23, 2017  |  Alternative Finances

It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 trillion peak it reached in the...

READ MORE >
Consumer Borrowing Growth Drops to 5 Year Low
Consumer Borrowing Growth Drops to 5 Year Low
March 08, 2017  |  Debt

The level of U.S. consumer debt logged in January, measured in the amount outstanding, posted its smallest advance in roughly five years, as credit card...

READ MORE >
PYMNTS Daily Data Dive: Consumers Are Borrowing … Finally
PYMNTS Daily Data Dive: Consumers Are Borrowing … Finally
October 10, 2016  |  Consumer Finance

The aftershocks of the financial crisis of 2008 may finally be abating as consumers seem willing to take on more debt and are showing confidence...

READ MORE >