Consumer Debt

Consumers Took on More Debt in March, Reversing Previous Paydowns
Consumers Took on More Debt in March, Reversing Previous Paydowns
May 07, 2025  |  Consumer Finance

It looks like the paydowns on debt, for most U.S. households, were just a temporary lull. Get the Full Story Complete the form to unlock...

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High-Income Consumers 64% More Inclined to Seek Mortgages
High-Income Consumers 64% More Inclined to Seek Mortgages
April 16, 2025  |  Consumer Finance

Contrary to conventional wisdom, a recent PYMNTS report, “Interest in Mortgages Rises Among Younger, High-Income Individuals,” uncovers that income level is a significantly stronger predictor than...

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Credit Card Defaults Surge to 14-Year High
Credit Card Defaults Surge to 14-Year High
December 30, 2024  |  Credit Cards

Credit card defaults are at their highest level since 2010 as consumers feel increasingly stretched. Get the Full Story Complete the form to unlock this...

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FTC Begins Sending Refunds to Victims of Debt Collection Scheme
FTC Begins Sending Refunds to Victims of Debt Collection Scheme
December 10, 2024  |  Legal

The Federal Trade Commission (FTC) is sending over $540,000 in refunds to consumers harmed by a debt collection scheme. Get the Full Story Complete the form...

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LendingClub and Pagaya Acquire Tally’s Credit Card Management Tech
LendingClub and Pagaya Acquire Tally’s Credit Card Management Tech
October 09, 2024  |  Acquisitions

LendingClub and AI lending network Pagaya have acquired Tally Technologies’ intellectual property. Get the Full Story Complete the form to unlock this article and enjoy...

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Bank SEC Filings Show Higher Delinquencies, Charge-Offs as Consumers Load Up on Card Debt
Bank SEC Filings Show Higher Delinquencies, Charge-Offs as Consumers Load Up on Card Debt
September 17, 2024  |  Credit Cards

U.S. consumers are taking on more card debt than has been seen in years. Get the Full Story Complete the form to unlock this article...

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Fed Data Shows 9.1% of Credit Card Balances Hit Delinquency Status This Year
Fed Data Shows 9.1% of Credit Card Balances Hit Delinquency Status This Year
August 06, 2024  |  Consumer Finance

Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit...

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Younger Borrowers Feel Strain as Card and Auto Loan Delinquencies Rise
Younger Borrowers Feel Strain as Card and Auto Loan Delinquencies Rise
February 06, 2024  |  Consumer Finance

The pressures of increased debt burdens are put in stark relief with the latest data from the central bank. Get the Full Story Complete the...

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Connecticut Will Cancel $650 Million in Medical Debt
Connecticut Will Cancel $650 Million in Medical Debt
February 04, 2024  |  Healthcare

Connecticut reportedly plans to cancel $650 million in medical debt for its residents. Get the Full Story Complete the form to unlock this article and...

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