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

What’s Ahead for Financial Services In A Biden Administration?
What’s Ahead for Financial Services In A Biden Administration?
November 09, 2020  |  Regulation

The transition into a new presidential administration heralds changes, with some gradual — and in other cases, sweeping — shifts in financial services. First things first,...

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CFPB Loosens Restrictions On Debtor Contact
CFPB Loosens Restrictions On Debtor Contact
November 03, 2020  |  Debt

Debt collection is ready to enter the digital age. To that end, the Consumer Financial Protection Bureau (CFPB) issued a final rule on Friday (Oct....

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Upgrade Rewards Cardholders For Paying Down Debt
Upgrade Rewards Cardholders For Paying Down Debt
October 29, 2020  |  Loyalty & Rewards

The pandemic has changed all kinds of things about consumers. They’re more concerned for protecting their health, they’re working remotely, they’ve relocated most of their...

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Philly-Area Mall Developer Warns Of Possible Chapter 11
Philly-Area Mall Developer Warns Of Possible Chapter 11
October 19, 2020  |  Retail

One of the mall sector’s more innovative real estate investment trusts has hit financial turmoil. The Pennsylvania Real Estate Investment Trust (PREIT) last week reached...

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Study Shows Americans Struggling As Savings Dry Up
Study Shows Americans Struggling As Savings Dry Up
October 16, 2020  |  Economy

Seven months into the worldwide pandemic, Americans are facing empty savings accounts, reduced unemployment benefits and no relief in sight, according to an Oct. 16...

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Bank Of America Says Consumer Spending Is Up, Card And Mortgage Delinquencies Down
Bank Of America Says Consumer Spending Is Up, Card And Mortgage Delinquencies Down
October 14, 2020  |  Banking

Bank of America (BofA) said on Wednesday (Oct. 14) that it is seeing a full restoration of customer spending, along with declines in delinquencies on...

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Citi Warns Of Pressure On Consumer Spending, Looks For Digital Growth Opportunities
Citi Warns Of Pressure On Consumer Spending, Looks For Digital Growth Opportunities
October 13, 2020  |  Earnings

Citigroup’s Q3 earnings report on Tuesday (Oct. 13) indicated that things are looking a bit stronger than expected in the results department, as the firm...

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J. P. Morgan 3Q Results Show Consumers Weathering The Pandemic
J. P. Morgan 3Q Results Show Consumers Weathering The Pandemic
October 13, 2020  |  Earnings

We haven’t turned the corner quite yet – but at least we haven’t hit the wall. To that end, J.P. Morgan‘s results for the third...

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JPMorgan, Citi Earnings Hint At (Some) Optimism On Credit Losses
JPMorgan, Citi Earnings Hint At (Some) Optimism On Credit Losses
October 13, 2020  |  Earnings

Are we entering a new age of consumer conservatism – at least when it comes to debt management? As earnings season kicks off, two of...

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