Sections
consumer borrowing
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4.9KEconomyFor The Fed, It’s Hurry Up And Wait On Rates
Conventional wisdom coming into this past week held that the Federal Reserve would raise rates at least twice this year. But the...
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4.1KLoansPublic Service Loan Forgiveness Program Accepts Few Applicants
To help manage their student loan debts, 28,000 borrowers have sent in 33,300 applications for the Public Service Loan Forgiveness (PSLF) program....
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5.2KLoansConsumer Borrowing Hits $13.29 Trillion In Second Quarter
American’s increased the amount of money they borrowed in the second quarter, with consumer borrowing reaching $13.29 trillion during the quarter ending...
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5.8KDebtAmerican Consumer Debt To Hit $4 Trillion By EOY
New data shows that Americans are on pace to accumulate a collective $4 trillion in consumer debt by the end of 2018....
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4.7KPayments InnovationU.S. Consumer Borrowing Posts Biggest Increase In Six Months
The American people are feeling more confident about spending, if last month’s consumer borrowing numbers are any indicator. Borrowing patterns tend to...
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5.6KAlternative FinancesAmericans Are Borrowing Like It’s 2008 … Sort Of
It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 trillion peak it...
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3.4KDebtConsumer Borrowing Growth Drops to 5 Year Low
The level of U.S. consumer debt logged in January, measured in the amount outstanding, posted its smallest advance in roughly five years,...
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4.3KConsumer FinancePYMNTS Daily Data Dive: Consumers Are Borrowing … Finally
The aftershocks of the financial crisis of 2008 may finally be abating as consumers seem willing to take on more debt and...
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6.0KPayment MethodsMounting Credit Card Debt May Hit $1 Trillion Mark
As banks continue to push cards and borrowers become more comfortable with carrying debt, the levels of outstanding credit card balances are...
