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

Biden’s CFPB Focuses On Debt Collection As Early Priority
Biden’s CFPB Focuses On Debt Collection As Early Priority
February 08, 2021  |  CFPB

Every new presidential administration gets to make its imprint on regulations — and by extension, the financial services industry. In the midst of grappling with...

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US CFOs Consider How To Use Cash Reserves
US CFOs Consider How To Use Cash Reserves
January 20, 2021  |  B2B Payments

U.S. finance chiefs aren’t sure what to do with the massive borrowed cash piles they’ve accumulated for pandemic relief, the Financial Times (FT) reported. The...

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NYC Renters Fall More Than $1 Billion Behind In COVID Economy
NYC Renters Fall More Than $1 Billion Behind In COVID Economy
January 14, 2021  |  Real Estate

As the pandemic continues to bash the economy, all too many New York City apartment dwellers simply can’t pay the rent. The result, according to...

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Today In B2B: UK Debt Collectors Eye SMB Aid Recovery; ActiveWorx Launches B2B Payments Optimization Tool
Today In B2B: UK Debt Collectors Eye SMB Aid Recovery; ActiveWorx Launches B2B Payments Optimization...
January 08, 2021  |  B2B Payments

Today in B2B payments, ActiveWorx launches its B2B payment optimization tool, while PayJunction debuts an eInvoicing feature. Plus, U.K. debt collectors seek a bigger role...

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UK Debt Collectors Want More To Do With Unpaid COVID Debts
UK Debt Collectors Want More To Do With Unpaid COVID Debts
January 07, 2021  |  B2B Payments

U.K. debt collectors want the government to give them a bigger role in recovering the debts from the 44-billion-pound (about $60 billion) business rescue program,...

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Average Credit Scores Hit Record High As Credit Card Balances Drop
Average Credit Scores Hit Record High As Credit Card Balances Drop
January 07, 2021  |  Consumer Finance

Despite a raging pandemic, widespread unemployment and a fragile economy, U.S. consumers paid more of their bills on time last year, resulting in the largest...

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New York City’s Economic Recovery Is Years Away, Fiscal Watchdog Says
New York City’s Economic Recovery Is Years Away, Fiscal Watchdog Says
January 07, 2021  |  Coronavirus

The new Fiscal Outlook from the New York City Independent Budget Office finds that the COVID-19 pandemic has likely made it so the city’s economy...

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Today In Retail: Resale Company StockX Lands $275 Million For Growth; Rite Aid Reports 12 Pct Revenue Increase
Today In Retail: Resale Company StockX Lands $275 Million For Growth; Rite Aid Reports 12...
December 17, 2020  |  Retail

In today’s top retail news, StockX has landed $275 million in a Series E funding round, while Rite Aid Corporation reported as part of its...

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Fashion Retailer rue21 Strikes Deal To Retire Debt
Fashion Retailer rue21 Strikes Deal To Retire Debt
December 17, 2020  |  Retail

Fashion retailer rue21 (r21 Holdings, Inc.) said that its formidable financial standing enabled it to refinance its current term loan, decrease the cost of funds...

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