Consumer Debt

NY Fed: Mortgage Originations Dropped, Debt Delinquencies Rose in Q1
NY Fed: Mortgage Originations Dropped, Debt Delinquencies Rose in Q1
May 15, 2023  |  Consumer Finance

Mortgage originations dropped and debt delinquencies rose during the first quarter. These trends happened as total household debt rose $148 billion, or 0.9%, in the...

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Paycheck-to-Paycheck Population May Surge as SNAP Benefits End and Student Loans Payments Resume
Paycheck-to-Paycheck Population May Surge as SNAP Benefits End and Student Loans Payments Resume
March 28, 2023  |  Connected Economy

Depending on the month, the roster of those of us living paycheck to paycheck is up a bit or down a bit. But through the...

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Food and Energy Inflation Data Hint at Disposable Income Pressure
Food and Energy Inflation Data Hint at Disposable Income Pressure
February 24, 2023  |  Economy

Inflation is making paying for basics of everyday life — food especially — harder to swallow. Earlier this week, PYMNTS reported that the cost of essentials...

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15-Year-Olds Are Reshaping Banking and Credit, and Changes Are on the Way
15-Year-Olds Are Reshaping Banking and Credit, and Changes Are on the Way
May 09, 2022  |  Digital-First Banking

The Bank of Mom & Dad (BOMD) isn’t just a sitcom line. One analysis found that parents lent their kids a collective $47 billion in...

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Why Financially Worry-Free Consumers Still Want Alternative to Traditional Credit Cards
Why Financially Worry-Free Consumers Still Want Alternative to Traditional Credit Cards
January 06, 2022  |  Retail

Contrary to conventional wisdom, having good credit, an excellent FICO score, and financial stability may still not be enough for many consumers to take out...

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NY Fed Research Says Mortgage Forbearance Skews Credit Scores
NY Fed Research Says Mortgage Forbearance Skews Credit Scores
June 08, 2021  |  Economy

The pandemic is ebbing, and the U.S. economy is — in lumpy fashion, to be sure — reigniting. That means forbearance programs are due for...

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NY Fed Economists: ‘This Time is Different’ Compared To Great Recession
NY Fed Economists: ‘This Time is Different’ Compared To Great Recession
February 24, 2021  |  Economy

No two recessions are exactly alike. But this time around, with the light at the end of the pandemic tunnel as vaccines are rolling out,...

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CapOne Earnings Show Accelerated Digital Shift, Improving Credit Metrics
CapOne Earnings Show Accelerated Digital Shift, Improving Credit Metrics
January 26, 2021  |  Earnings

Capital One Financial said on Tuesday (Jan. 26) that, in its fourth quarter, consumer credit metrics improved as consumers continued to pay down debt. In...

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Have We Seen The Bottom Of The Student Loan Delinquency Crisis?
Have We Seen The Bottom Of The Student Loan Delinquency Crisis?
May 04, 2020  |  Consumer Finance

Long before the advent of the COVID-19 epidemic and the litany of financial and economic disruptions brought in its wake, the student loan situation in...

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