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

Consumer Spending Lifts Q3 GDP, but Savings Rates Are Pressured

Consumer Spending Lifts Q3 GDP, but Savings Rates Are Pressured
Consumer Spending Lifts Q3 GDP, but Savings Rates Are Pressured
December 19, 2024  |  Economy

In the latest and final revision of how the economy fared in the third quarter — through the growth in gross domestic product — the...

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Regulators Eye Interest Rates as Retail-Branded Cards Gain Traction
Regulators Eye Interest Rates as Retail-Branded Cards Gain Traction
December 18, 2024  |  Credit Cards

More than a quarter of consumers own a store card, defined as a card that exclusively features a retailer’s branding. While co-branded cards can be...

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November Issuer Data Extends Trend of Rising Credit Card Charge-Offs
November Issuer Data Extends Trend of Rising Credit Card Charge-Offs
December 17, 2024  |  Consumer Finance

Securities and Exchange Commission (SEC) filings from several card issuers offer up a mixed portrait of the U.S. consumer in November. Get the Full Story...

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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 & Regulation

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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