debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

(source: en.wikipedia.org)

As GDP Growth Decelerates, All Eyes Are on Consumer Spending
As GDP Growth Decelerates, All Eyes Are on Consumer Spending
February 28, 2024  |  Economy

The latest readings of gross domestic product (GDP) have been revised down — at least a bit. And though the fourth-quarter GDP still logged some...

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Paycheck-to-Paycheck Consumers Could Benefit From Capital One/Discover Deal
Paycheck-to-Paycheck Consumers Could Benefit From Capital One/Discover Deal
February 23, 2024  |  Consumer Finance

In what could be one of the largest acquisitions of the decade, Capital One recently announced it wants to purchase Discover Financial in a deal...

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Data Shows January US Sales Sink but BNPL Can Boost Consumer Demand
Data Shows January US Sales Sink but BNPL Can Boost Consumer Demand
February 22, 2024  |  Personal Finance

According to the U.S. Commerce Department, retail sales dropped in January by a seasonally adjusted 0.8%.  Conventional wisdom suggests a post-holiday season decline in sales would...

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CFPB Takes Aim at Consumer Credit Card Rates 
CFPB Takes Aim at Consumer Credit Card Rates 
February 16, 2024  |  Credit Cards

The Consumer Financial Protection Bureau (CFPB) aims to boost competition in the credit card industry to deliver lower rates to consumers. The agency announced this...

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Fed’s Data Hints at Slowing Embrace of Revolving Debt
Fed’s Data Hints at Slowing Embrace of Revolving Debt
February 09, 2024  |  Economy

Is there a literal slowdown in the cards? The Federal Reserve’s latest report on consumer credit data showed that overall, households took on $1.5 billion...

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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. This relief will impact around 250,000 people and will make Connecticut the first state...

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Companies Hustle to Tap Into Boom in Leveraged Loans
Companies Hustle to Tap Into Boom in Leveraged Loans
February 01, 2024  |  Loans

More and more companies are reportedly taking advantage of a growing leveraged loan market. As Bloomberg News reported Thursday (Feb. 1), these businesses are using...

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Capital One Sees Positives in Consumer Segments Despite Charge-Off Challenges
Capital One Sees Positives in Consumer Segments Despite Charge-Off Challenges
January 25, 2024  |  Earnings

Card delinquencies and charge-offs offer evidence of consumers struggling to meet their financial obligations. And credit card balances and delinquencies have been rising as consumer...

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Disposable Income Rises in Q4, but Will Consumers Keep Spending?
Disposable Income Rises in Q4, but Will Consumers Keep Spending?
January 25, 2024  |  Economy

Headline numbers reveal that the United States economy keeps growing, outpacing expectations. Although the pace of growth has been tempered a bit, there are some...

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