The Bank of England said financial institutions should expect more scrutiny of their credit portfolios. 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,...
Consumers’ debt grew at a seasonally adjusted rate of 7.1% in November. 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...
New data from the Federal Reserve Bank of New York shows American household debt continuing to climb, with credit card balances jumping at their largest rate in two decades. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
After a 10-year boom flush with venture capital cash, startups are taking on more risk and debt as investors put away their checkbooks and offer loans instead. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Total household debt has increased to $16.2 trillion in the second quarter of 2022, up $312 billion in the past three months and $2 trillion higher than at the end of 2019, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data...
The Federal Trade Commission (FTC) issued more than $4.8 million in refunds to victims of unlawful debt collection practices last year, the agency said in a Friday (April 15) press release after publishing a report. Get the Full Story Complete the form to unlock this...
The three largest credit reporting agencies will start removing medical debt from consumers’ reports beginning in July in a move that over time will result in the elimination of close to 70% of healthcare arrears in collections, The Wall Street Journal reported on Friday (March 18). Get...
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...
It’s getting harder to pay the rent, the mortgage and the bills, such as water and energy services, that are so critical for day-to-day life. That means that the debt owed to local governments — for a range of services that can span electric bills,...
