Consumer Debt

FTC Begins Sending Refunds to Victims of Debt Collection Scheme

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

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  |  Partnerships

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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Credit Card Delinquencies Keep Hovering Above Pre-COVID Levels
Credit Card Delinquencies Keep Hovering Above Pre-COVID Levels
January 29, 2024  |  Credit Cards

America’s credit card companies ended December with delinquencies and charge-off rates essentially unchanged from November. Get the Full Story Complete the form to unlock this...

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Consumers’ Total Outstanding Credit Leaps $23.7 Billion in November
Consumers’ Total Outstanding Credit Leaps $23.7 Billion in November
January 08, 2024  |  Consumer Finance

Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. Get the Full Story Complete the form...

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