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

Today In Payments: US Consumers Pay Down $10B In Credit Card Debt In Q3; Amazon Takes On Pharmacies

Today In Payments: US Consumers Pay Down $10B In Credit Card Debt In Q3; Amazon Takes On Pharmacies
Today In Payments: US Consumers Pay Down $10B In Credit Card Debt In Q3; Amazon...
November 18, 2020  |  News

In today’s top news, U.S. consumers paid off $10 billion in credit card debt in the third quarter of 2020, and Amazon Pharmacy launched for...

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US Consumers Pay Down $10B In Credit Card Debt In Q3
US Consumers Pay Down $10B In Credit Card Debt In Q3
November 18, 2020  |  Debt

Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according...

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Banks’ Margins Suffer As US Consumers Pay Down Credit Card Debt
Banks’ Margins Suffer As US Consumers Pay Down Credit Card Debt
November 15, 2020  |  Debt

U.S. consumers have been paying down payments on credit cards with the pandemic continuing to hamper spending opportunities, which has led to dramatically falling bank...

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JPMorgan, Other Top Banks Brace For Defaults Amid Troubled Loans
JPMorgan, Other Top Banks Brace For Defaults Amid Troubled Loans
November 11, 2020  |  Loans

The number of troubled loans sitting on the books of the top U.S. banks remains high despite significant improvement over the past few months, a...

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Banks Tighten Loan Rules, See Less Than 5 Pct Of Loans In Forbearance In Q3
Banks Tighten Loan Rules, See Less Than 5 Pct Of Loans In Forbearance In Q3
November 09, 2020  |  Loans

In the third quarter, banks tightened their loan standards to firms of any size and also saw weaker demand than usual, according to the Federal...

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What’s Ahead for Financial Services In A Biden Administration?
What’s Ahead for Financial Services In A Biden Administration?
November 09, 2020  |  Legal & Regulation

The transition into a new presidential administration heralds changes, with some gradual — and in other cases, sweeping — shifts in financial services. First things first,...

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CFPB Loosens Restrictions On Debtor Contact
CFPB Loosens Restrictions On Debtor Contact
November 03, 2020  |  Debt

Debt collection is ready to enter the digital age. To that end, the Consumer Financial Protection Bureau (CFPB) issued a final rule on Friday (Oct....

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Upgrade Rewards Cardholders For Paying Down Debt
Upgrade Rewards Cardholders For Paying Down Debt
October 29, 2020  |  Loyalty & Rewards

The pandemic has changed all kinds of things about consumers. They’re more concerned for protecting their health, they’re working remotely, they’ve relocated most of their...

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