(source: en.wikipedia.org)
Consumers in the United States are still spending. But beneath the spending patterns, a fault line is widening in the way households experience debt, risk and financial security. The PYMNTS Consumer Expectations Index found that debt management has become a routine part of financial life...
Late-stage delinquency rates increased across all credit scores in July, compared to a year earlier, with the greatest percentage increases seen among the highest credit tiers, according to VantageScore. The credit scoring company said in a Monday (Aug. 25) press release that the rate among...
The latest data on household debt from the Federal Reserve Bank of New York, released Tuesday (May 13), indicated that consumers paid down some of their credit card debt in the first quarter of 2025. But late-stage delinquencies on that revolving debt surged year over...
House Republicans have introduced their plan to overhaul the U.S. student loan system. The measure, introduced Monday (April 29) by members of the House Education and Workforce Committee, calls for caps on federal student loan borrowing, while also giving borrowers fewer options for income-driven repayment...
The Congressional Budget Office (CBO) said Wednesday (March 26) that if the debt limit is not raised or suspended, the government’s ability to borrow will probably be exhausted in August or September. The exhaustion date could vary depending on the government’s revenue collections and outlays...
The credit risk associated with large, syndicated bank loans remains moderate, although there are some continuing trends in weakened credit quality, three federal bank regulatory agencies said Monday (March 10). That’s according to a Monday press release from the Federal Reserve Board, the Federal Deposit...
Medical debt will no longer appear on consumers’ credit reports under a new government rule. The Consumer Financial Protection Bureau (CFPB)’s newly-finalized regulation, announced by the White House Tuesday (Jan. 7), will remove $49 billion in medical debt from more than 15 million Americans’ credit reports. That means lenders...
A dramatic rise in credit card debt over the last several years has pressured paycheck-to-paycheck consumers, with a disproportionate burden on those individuals and households that find themselves struggling to pay for the essentials of daily life, such as groceries. That’s according to the PYMNTS...
Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Amid an environment where lenders are tightening, borrowers are feeling discouraged. The Credit Access Survey released Monday (Nov. 18) by the Federal Reserve Bank of New York...