Sections
Consumer Debt
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Consumer FinanceHave We Seen The Bottom Of The Student Loan Delinquency Crisis?
Long before the advent of the COVID-19 epidemic and the litany of financial and economic disruptions brought in its wake, the student...
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CFPBCFPB’s Debt Collection, Payday Lending Rules Come Under Fire In Congressional Hearing
Payday lending practices again came under fire Wednesday (Oct. 16) from members of the U.S. Congress, as Kathy Kraninger, director of the Consumer...
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Alternative FinancesPayPal Lowers Installment Credit Threshold To $30 – $99 Purchases
Consumers now have a range of promotional financing deals to choose from the online payments system PayPal that provides zero-interest installment loans...
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InvestmentsIPO-Bound Credit Sesame Raises $43M
As U.S. household debt climbs, financial health startup Credit Sesame has raised $43 million ahead of its planned IPO, as reported on...
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Alternative FinancesBringing Debt Management Into The Digital Age
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”...
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EconomyRevolving Credit Balances Rise 5 Pct In May
The debt balances climb ever higher. In the latest data reported by the Federal Reserve, total credit was up $17.1 billion in...
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EconomyCanada’s Insolvencies Jump In March To Highest Level In Eight Years
Consumers in Canada filed 11,963 insolvencies in March, up 5 percent from a year ago and the highest number in eight years....
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DebtMixed Performance For Bank Credit Card Delinquencies In February
Credit card delinquency rate reports are trickling in on a bank-by-bank basis and a spate of recent disclosures show mixed results. As...
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EconomyDefault Rates Remain Stable In First Month Of New Year
S&P Dow Jones Indices and Experian Wednesday (Feb. 20) released the S&P/Experian Consumer Credit Default Indices data, representing a comprehensive measure of...
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EconomyAmericans Aren’t Struggling Despite Rising Consumer Debt
Consumer debt is at a record level — but in terms of handling it, there are no signs that Americans are struggling,...
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DebtOct. Consumer Credit Logs Fastest Gains In 11 Months
The willingness to take on debt and open wallets, at least here, remains unabated. In the United States, consumer debt gained at...
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DebtLendingTree: US Consumer Debt Approaching $4T
LendingTree said in its debt report for the month of November that based on recent holiday shopping and credit card spending, credit...
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Consumer FinanceHow The New FICO Will Change The Credit Landscape For Borrowers
After years of focusing nearly entirely on a consumer’s payment history, FICO has announced that as of 2019 it will be rolling...
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LoansGoldman Tightens Marcus Lending Reins
Goldman Sachs might be reining in its online lending platform due to concerns about the stage of the credit cycle and changes...
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LoansFed Rate Hike Hits Consumer Confidence
Last week brought a confluence of economic headlines that are slated to hit the consumer right where it hurts: the wallet –...
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LegalFraudsters Accused In $364M Ponzi Debt Scheme
Federal prosecutors have charged three men who allegedly ran a $364 million Ponzi scheme. According to Reuters, the men — Kevin Merrill...
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Consumer FinanceA Decade On, Lending Transformed By Crisis And Innovation
Necessity is the mother of invention. Invention can become necessity. And in lending, with the financial crisis in the rearview mirror, a...
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EuropeUK Debt Advice Providers Lack Funding To Keep Up With Demand
As consumer debt levels in the U.K. are on the rise and debt collection groups are reportedly not paying voluntary contributions, providers...
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EconomyThe Concerning Creep In Consumer Debt
U.S. consumer debt has been on the rise for the last year and hit $13.29 trillion during the quarter ending in June,...
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HealthcareHow Much Can Technology Improve Healthcare Payments?
Among the latest hopes for healthcare payments is blockchain. Touted by observers and industry players as one of the top trends that...
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NewsFive At Five: Why Can’t Macy’s Impress Morgan Stanley?
Welcome to Five at Five, your late look at some of the freshest payments news of the day — news you might...
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DebtAmerican 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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LoansTwenty Percent Of Mortgage Loans Top 45 Percent Of Monthly Income
New data shows that rising home prices are translating into mortgage loan debt not seen since the housing crisis. According to The...
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BankingOverdue US Card Debt Hits 7-Year High
The U.S. consumer credit picture continues to look grim as 2018 is coming into the end of its first quarter. Despite economic...
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DebtUS Household Debt Spikes In Q4 2017
Thanks in part to a rising number of mortgage loans, the debt levels of Americans increased during the last three months of...
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Sizzle/FizzleQR Codes Sizzle, Smart Parts Fizzle And Facebook Bows Out Of AI Assistants
Facebook’s M Fizzles While most of the week was dedicated to the cohort of players at The International Consumer Electronics Show (CES) battling...
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InvestmentsAmid The Good (Stock Market) Cheer, Clouds Gather?
Nine years is a long time for anything to run — a TV show, your car, a bowling league — especially so the...
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DebtAmericans’ Debt Level Hits New High
America’s debt level hit another record high in the second quarter, after having surpassed its pre-crisis peak earlier in the year. According...
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Consumer FinanceConsumers Making Less Than $40K Per Year Worried About Paying Off Debt
A new survey has found that a divide is emerging over how Americans feel about their ability to pay down debt, with...
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Consumer FinanceHousehold Borrowing, Consumer Debt, Reaches Record $12.73 Trillion
With incomes in the U.S. seeing less-than-stellar growth, a lot of spending is being done with consumer debt instead of cash, which...
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Consumer FinanceBoA Says Half Of All Workers Stressed Out Over Money
Bank of America Merrill Lynch released a new study Thursday (June 1) that shows 56 percent of workers are stressed out about...
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Alternative 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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DebtAs Consumers Take On More Debt, Credit Card Losses Rise
As U.S. consumers become more comfortable with carrying higher levels of debt, the biggest credit card companies reported an increase in chargeoffs...
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InnovationA Kinder, Gentler Debt Collector?
They say that necessity is the mother of invention. “I came from a poor immigrant background,” said Hanif Joshaghani, cofounder and CEO...
- Consumer Finance
US Consumer Borrowing Up
Fueled by school loans and purchases of new cars, U.S. consumers borrowed more in August than they have in almost a year,...
- Consumer Insights
Are Americans Carrying Way Too Much Debt Again?
It looks like Americans will soon be partying like it is 2008 — when it comes to borrowing anyway. According to Wall...
