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

Wells Fargo Reports Mixed Results, Auto Biz Slips as Card Use Up

Wells Fargo Reports Mixed Results, Auto Biz Slips as Card Use Up
Wells Fargo Reports Mixed Results, Auto Biz Slips as Card Use Up
July 14, 2017  |  Earnings

Wells Fargo, trying to bounce back from a scandal involving falsified accounts, and any number of hits to its reputation since late 2016, posted results...

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U.S. Consumer Borrowing Posts Biggest Increase In Six Months
U.S. Consumer Borrowing Posts Biggest Increase In Six Months
July 11, 2017  |  Payments Innovation

The American people are feeling more confident about spending, if last month’s consumer borrowing numbers are any indicator. Borrowing patterns tend to correlate directly with...

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Today In Data: CFPB’s Loan Forgiveness Program Complaints
Today In Data: CFPB’s Loan Forgiveness Program Complaints
June 22, 2017  |  Today In Data

The Consumer Financial Protection Bureau (CFPB) may be in over its head when it comes to key constituents’ feelings regarding its Public Service Loan Forgiveness...

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Leveraged Lending Sees a Renaissance
Leveraged Lending Sees a Renaissance
June 15, 2017  |  Investments

In investing, returns are everything, and when it comes to fixed income, yield is everything. Get the Full Story Complete the form to unlock this...

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For CFPB, About Face On Debt Collection?
For CFPB, About Face On Debt Collection?
June 12, 2017  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has reversed course about debt collection, and, as The American Banker noted, “in a big win for third-party debt...

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Credit Card Charge-Offs Reach Highest Rate Since 2009
Credit Card Charge-Offs Reach Highest Rate Since 2009
June 09, 2017  |  Debt

Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting...

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BoA Says Half Of All Workers Stressed Out Over Money
BoA Says Half Of All Workers Stressed Out Over Money
June 02, 2017  |  Consumer Finance

Bank of America Merrill Lynch released a new study Thursday (June 1) that shows 56 percent of workers are stressed out about their finances. What’s...

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Big Banks Back Away From Auto Loans
Big Banks Back Away From Auto Loans
May 30, 2017  |  Loans

Big banks are pulling back from the $1.2 trillion U.S. car loan market due to fears that consumers have taken on more debt than they...

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