Total U.S. household debt increased 2.2%, or $333 billion, to $15.58 trillion in the fourth quarter of 2021, according to a Tuesday (Feb. 8) press release from the Federal Reserve Bank of New York’s Center for Microeconomic Data. Get the Full Story Complete the form...
Collection agencies can now reach out to debtors by text, email and social media following new rules enacted by the Consumer Financial Protection Bureau (CFPB), according to multiple reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Household debt in the U.S. has now topped $15 trillion, with credit card balances up $17 billion to reach $800 billion in the third quarter, the second consecutive expansion following a year of declines, according to a report from the Federal Reserve Bank of New...
England’s central bank has issued a new report warning of a rise in small business failures in the U.K. by the end of 2021, saying that a third of such businesses in the nation are highly indebted. Get the Full Story Complete the form to...
Household debt increased by $313 billion (2.1 percent) in the second quarter of 2021, hitting a total of $14.96 trillion, according to information from the Federal Reserve Bank of New York’s Center for Microeconomic Data, which was released on Tuesday (Aug. 3). Get the Full...
Medical debt in the U.S. is more than any government department was aware, with collection agencies trying to recoup debts totaling some $140 billion, The New York Times reported on Tuesday (July 20), citing a new JAMA study. Get the Full Story Complete the form...
Americans are still borrowing – but not with their cards, which seem to have been kept firmly in their proverbial wallets. There is a reticence to spend with plastic, which may have ripple effects for banks and payment networks. Get the Full Story Complete the...
U.S. credit card debt dropped to its lowest point since 2017 as borrowing fell off in January for the first time since August, the Associated Press reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
According to a new report from the Federal Reserve, total household debt rose to $14.56 trillion in the fourth quarter of 2020, an increase of $206 billion from the third quarter. Year-over-year, the report shows an increase in household debt of $414 billion. Get the...
