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

DeepMind AI Firm Owes £1.04bn To Owner Alphabet
DeepMind AI Firm Owes £1.04bn To Owner Alphabet
August 07, 2019  |  Debt

DeepMind, an artificial intelligence company based in London that Google bought for £400 million ($486 million) in 2014, is deeply in debt and owes its...

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The Struggle To Make Tuition Payments On Time Is Real
The Struggle To Make Tuition Payments On Time Is Real
August 05, 2019  |  Consumer Finance

The student debt crisis is no joke — loans considered to be in “serious delinquency” continue to increase, which is why it’s not surprising that...

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Comment Period Extended For CFBP Debt Proposal
Comment Period Extended For CFBP Debt Proposal
August 02, 2019  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has extended the comment period for its Notice of Proposed Rulemaking (NPRM) before it implements the Fair Debt Collection...

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U.S. Farming Has A Banking Problem
U.S. Farming Has A Banking Problem
July 15, 2019  |  B2B Payments

The latest jobs figures propel the lengthy period of corporate optimism in the U.S. today, with hiring stronger than expected in June. While concerns over...

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Debt Loads Hobble Chinese Firms
Debt Loads Hobble Chinese Firms
July 09, 2019  |  Economy

There’s an old saying in investing, which, paraphrased, works out to “you only find out who is swimming naked when the tide goes out.” Get...

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Deep Dive: Why CU-Issued Credit Cards Face An Uphill Battle
Deep Dive: Why CU-Issued Credit Cards Face An Uphill Battle
June 21, 2019  |  Credit Unions

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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LendingClub President On Credit That Builds Savings
LendingClub President On Credit That Builds Savings
June 19, 2019  |  Consumer Finance

A fine line separates debt and savings (between the black hole of high-interest credit card payments and the slow progress of financial health), and that...

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China Considers SMB Bankruptcy Path
China Considers SMB Bankruptcy Path
May 31, 2019  |  B2B Payments

Chinese regulation does not offer a way for individuals to discharge the debt they cannot pay. According to reports in The Economist, small business (SMB)...

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Student Loan Scammer Settles With FTC For $11M
Student Loan Scammer Settles With FTC For $11M
May 31, 2019  |  Legal

The leader of a student loan debt relief scheme has agreed to settle with the Federal Trade Commission’s (FTC’s) charges that he stole $11 million...

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