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

CFPB Finds ‘Range’ of Unlawful Student Loan Market Activities
CFPB Finds ‘Range’ of Unlawful Student Loan Market Activities
December 16, 2024  |  CFPB

A new regulatory report shows a variety of unlawful activity in America’s student loan market. Get the Full Story Complete the form to unlock this...

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

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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CFPB Bans Performant From Servicing or Collecting Student Loan Debt
CFPB Bans Performant From Servicing or Collecting Student Loan Debt
December 09, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) banned Performant Recovery from servicing or collecting any student loan debts and ordered the company to pay a $700,000...

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Banks Tighten Credit Access as Demand for Limit Increases Rises
Banks Tighten Credit Access as Demand for Limit Increases Rises
December 09, 2024  |  Debt

A dramatic rise in credit card debt over the last several years has pressured paycheck-to-paycheck consumers, with a disproportionate burden on those individuals and households...

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9fin Raises $50 Million for AI-Powered Analytics Platform for Debt Capital Markets
9fin Raises $50 Million for AI-Powered Analytics Platform for Debt Capital Markets
December 02, 2024  |  Investments

London-based 9fin has raised $50 million in a Series B funding round to build the next generation of its artificial intelligence (AI)-powered analytics platform for...

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October’s Surprise: Inflation Heats Up While GDP Cools Down
October’s Surprise: Inflation Heats Up While GDP Cools Down
November 27, 2024  |  Economy

The Personal Consumption Expenditures Price Index for October showed a re-ignition of inflation. Get the Full Story Complete the form to unlock this article and...

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Latest GDP Data Indicates Continuing Pressures on Disposable Income
Latest GDP Data Indicates Continuing Pressures on Disposable Income
November 27, 2024  |  Economy

The Bureau of Economic Analysis confirmed Wednesday (Nov. 27) that third-quarter GDP grew at a 2.8% rate, unchanged from a previous estimate. Get the Full...

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Pandemic’s Main Street Lending Program Borrowers Still Struggle With High Interest Rates
Pandemic’s Main Street Lending Program Borrowers Still Struggle With High Interest Rates
November 22, 2024  |  Loans

The Federal Reserve’s pandemic-era Main Street Lending Program reportedly had $1.23 billion in interest and principal payments in default as of Oct. 31. Get the...

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Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
November 20, 2024  |  Debt

Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Get the Full Story Complete the form...

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