Consumer Debt

CFPB’s Debt Collection, Payday Lending Rules Come Under Fire In Congressional Hearing

CFPB’s Debt Collection, Payday Lending Rules Come Under Fire In Congressional Hearing
CFPB’s Debt Collection, Payday Lending Rules Come Under Fire In Congressional Hearing
October 16, 2019  |  CFPB

Payday lending practices again came under fire Wednesday (Oct. 16) from members of the U.S. Congress, as Kathy Kraninger, director of the Consumer Finance Protection Bureau...

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PayPal Lowers Installment Credit Threshold To $30 – $99 Purchases
PayPal Lowers Installment Credit Threshold To $30 – $99 Purchases
September 18, 2019  |  Alternative Finances

Consumers now have a range of promotional financing deals to choose from the online payments system PayPal that provides zero-interest installment loans to cover the...

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IPO-Bound Credit Sesame Raises $43M
IPO-Bound Credit Sesame Raises $43M
August 31, 2019  |  Investments

As U.S. household debt climbs, financial health startup Credit Sesame has raised $43 million ahead of its planned IPO, as reported on Friday (Aug. 30)....

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Bringing Debt Management Into The Digital Age 
Bringing Debt Management Into The Digital Age 
July 24, 2019  |  Alternative Finances

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” Get the Full...

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Revolving Credit Balances Rise 5 Pct In May
Revolving Credit Balances Rise 5 Pct In May
July 08, 2019  |  Economy

The debt balances climb ever higher. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Canada’s Insolvencies Jump In March To Highest Level In Eight Years
Canada’s Insolvencies Jump In March To Highest Level In Eight Years
May 13, 2019  |  Economy

Consumers in Canada filed 11,963 insolvencies in March, up 5 percent from a year ago and the highest number in eight years. Get the Full...

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Mixed Performance For Bank Credit Card Delinquencies In February
Mixed Performance For Bank Credit Card Delinquencies In February
March 15, 2019  |  Debt

Credit card delinquency rate reports are trickling in on a bank-by-bank basis and a spate of recent disclosures show mixed results. Get the Full Story...

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Default Rates Remain Stable In First Month Of New Year
Default Rates Remain Stable In First Month Of New Year
February 20, 2019  |  Economy

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 changes in consumer...

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Americans Aren’t Struggling Despite Rising Consumer Debt
Americans Aren’t Struggling Despite Rising Consumer Debt
January 02, 2019  |  Economy

Consumer debt is at a record level — but in terms of handling it, there are no signs that Americans are struggling, reported The Wall Street...

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