European regulators are targeting lenders as they look to protect consumers from excessive debt. In various guises across the continent, borrowing is on the rise. For example, earlier this month the Bank of England reported that British consumers borrowed an additional 1.5 billion pounds ($1.8...
Conventional wisdom coming into this past week held that the Federal Reserve would raise rates at least twice this year. But the conventional wisdom may be stood on its ear, at least when it comes to interest rates. One tell comes from the minutes taken...
To help manage their student loan debts, 28,000 borrowers have sent in 33,300 applications for the Public Service Loan Forgiveness (PSLF) program. However, approximately 99 percent of 29,000 applications that have been processed were denied, and only around $5.52 million of debt has been discharged...
American’s increased the amount of money they borrowed in the second quarter, with consumer borrowing reaching $13.29 trillion during the quarter ending in June. Reuters, citing a report from the New York Federal Reserve Tuesday (Aug. 14), said that consumer debt during the second quarter was...
May 23, 2017
It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 trillion peak it reached in the fall of 2008 — the same time that the Great Recession was earning its place in the history books. According to the latest data out of the New York Federal […]
February 09, 2025
U.S. consumer borrowing saw a surprise surge in December, the largest increase on record. Total credit rose by $40.8 billion following a $5.4 billion decline the month before, according to Federal Reserve data released Friday (Feb. 7). A report by Bloomberg News says this increase — reflecting huge jumps in credit card balances and non-revolving […]
September 21, 2018
To help manage their student loan debts, 28,000 borrowers have sent in 33,300 applications for the Public Service Loan Forgiveness (PSLF) program. However, approximately 99 percent of 29,000 applications that...
August 14, 2018
American’s increased the amount of money they borrowed in the second quarter, with consumer borrowing reaching $13.29 trillion during the quarter ending in June. Reuters, citing a report from the New...
May 11, 2018
New data shows that Americans are on pace to accumulate a collective $4 trillion in consumer debt by the end of 2018. LendingTree, the nation’s leading online loan marketplace, released...
