debt

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

Today in FinTech: Boston Red Sox Drop Cash; JPMorgan Signals Pain Ahead
Today in FinTech: Boston Red Sox Drop Cash; JPMorgan Signals Pain Ahead
April 15, 2022  |  Technology

In today’s FinTech news, for the first time ever, the Boston Red Sox are not taking cash for hot dogs, beer, shirts and other concession...

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FTC Issues $4.8M in Refunds to Debt Collector Victims
FTC Issues $4.8M in Refunds to Debt Collector Victims
April 15, 2022  |  Debt

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...

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Wall Street’s Enthusiasm Wanes for Bonds Backed by Risky Consumer Debt
Wall Street’s Enthusiasm Wanes for Bonds Backed by Risky Consumer Debt
April 12, 2022  |  Investments

Runaway inflation and a shaky economy are setting the stage for financial uncertainty, igniting fear in Wall Street investors that bonds and other investments backed...

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‘Income Sharing Agreements’ Aim to Disrupt, Fill Gaps, in $1.7T Student Loan Industry
‘Income Sharing Agreements’ Aim to Disrupt, Fill Gaps, in $1.7T Student Loan Industry
April 08, 2022  |  Loans

The student loan industry is a $1.7 trillion mess. Defaults loom, staved off only by presidential decree (again). Tuitions rise at multiples of the inflation...

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New Data: Retailers Get Durable Sales Boost From Lease-To-Own Plans
New Data: Retailers Get Durable Sales Boost From Lease-To-Own Plans
April 06, 2022  |  Consumer Payments

Consumers across the United States are facing a host of financial stressors. The rising cost of living, uncertainty surrounding the pandemic and potential increases in...

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CFPB Report Shows Credit Card Late Fees Declining, Below Set Limits
CFPB Report Shows Credit Card Late Fees Declining, Below Set Limits
April 01, 2022  |  CFPB

The Consumer Financial Protection Bureau published on March 29 a report on credit card late fees where the regulator provided data about the amount of...

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Credit Reporting Agencies Will Start Removing Most Medical Debts
Credit Reporting Agencies Will Start Removing Most Medical Debts
March 18, 2022  |  Debt

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...

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Argentine’s Congress Favors IMF Debt Deal to Dampen Cryptocurrency
Argentine’s Congress Favors IMF Debt Deal to Dampen Cryptocurrency
March 18, 2022  |  Cryptocurrency

Argentine’s Senate has approved a $45 billion deal with the International Monetary Fund (IMF) that includes a provision that discourages cryptocurrencies, CoinDesk.com reported Friday (March...

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In $44B Argentine Debt Deal, IMF Shows Growing Willingness to Coerce Anti-Crypto Policies
In $44B Argentine Debt Deal, IMF Shows Growing Willingness to Coerce Anti-Crypto Policies
March 18, 2022  |  Cryptocurrency

Buried in the text of the deal the Argentine Senate’s approved on March 18 to refinance its $44 billion debt to the International Monetary Fund...

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