Debt

CFPB: Annual Consumer Spending on Credit Cards Hit $3.2 Trillion in 2022
Debt
CFPB: Annual Consumer Spending on Credit Cards Hit $3.2 Trillion in 2022
October 25, 2023

Consumers have been racking up credit card debt in the time since pandemic-era relief programs ended. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Report: Twitter Debt Could Come Back to Bite Banks
Debt
Report: Twitter Debt Could Come Back to Bite Banks
October 25, 2023

It’s been nearly a year since seven banking giants helped Elon Musk buy Twitter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Nearly Half of Consumers Who Tried to Increase Their Credit Scores Did
Debt
Nearly Half of Consumers Who Tried to Increase Their Credit Scores Did
October 24, 2023

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

High-Debt Consumers Average 14 Late Payments Every Year
Debt
High-Debt Consumers Average 14 Late Payments Every Year
October 06, 2023

The United States economy’s heavy reliance on domestic consumption has become more relevant than ever, with consumer credit card debt breaking the $1 trillion mark for the first time. Consumer drive to keep a certain standard of living — even if inflation and other factors push...

FDIC Wants Regional Banks to Issue $70 Billion in Fresh Debt
Debt
FDIC Wants Regional Banks to Issue $70 Billion in Fresh Debt
August 29, 2023

In the spring, two formerly obscure acronyms, SVB and FDIC, became household names. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Fed Data Shows Pressure Building in Consumer Lending
Debt
Fed Data Shows Pressure Building in Consumer Lending
August 24, 2023

The Federal Reserve’s latest data on how loan performance at all banks is faring found pockets of resilience — and, perhaps, pockets of concern. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Some Borrowers See Student Loan Relief Despite Court Ruling
Debt
Some Borrowers See Student Loan Relief Despite Court Ruling
August 20, 2023

Earlier this summer, the Supreme Court struck down President Joe Biden’s student loan forgiveness plan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Paycheck-to-Paycheck Consumers Who Live Alone Have Less Credit Card Debt
Debt
Paycheck-to-Paycheck Consumers Who Live Alone Have Less Credit Card Debt
August 04, 2023

With inflation still at high levels, Americans continue to rely on their regular paychecks to meet their expenses and financial obligations, with little or no savings left over for unbudgeted costs or emergencies. Get the Full Story Complete the form to unlock this article and...

Student Loan Repayments May Hit Gen X Pocketbooks the Hardest
Debt
Student Loan Repayments May Hit Gen X Pocketbooks the Hardest
June 07, 2023

Gen X has been walking a difficult financial tightrope over the past few years, and double debt duty may be leaving “The Forgotten Generation” in tighter financial straits than other age cohorts.  Get the Full Story Complete the form to unlock this article and enjoy...