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

China Considers SMB Bankruptcy Path
China Considers SMB Bankruptcy Path
May 31, 2019  |  B2B Payments

Chinese regulation does not offer a way for individuals to discharge the debt they cannot pay. According to reports in The Economist, small business (SMB)...

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Student Loan Scammer Settles With FTC For $11M
Student Loan Scammer Settles With FTC For $11M
May 31, 2019  |  Legal

The leader of a student loan debt relief scheme has agreed to settle with the Federal Trade Commission’s (FTC’s) charges that he stole $11 million...

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Startup Pillar Aims To Help Students Pay Down Debt
Startup Pillar Aims To Help Students Pay Down Debt
May 30, 2019  |  Investments

A new startup named Pillar, which aims to help students pay down loan debt, recently received $5.5 million in seed money from Kleiner Perkins, according...

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When Employee Debt Becomes Employers’ Stress
When Employee Debt Becomes Employers’ Stress
April 25, 2019  |  Faster Payments

While the Federal Reserve deliberates on whether it will create its own real-time payment (RTP) system, The Clearing House (TCH) is working to head off...

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Consumers Still Have Much To Learn To Reach Financial Literacy
Consumers Still Have Much To Learn To Reach Financial Literacy
April 24, 2019  |  Financial Inclusion

As Financial Literacy month comes to a close, we take a look at how consumers are faring with their finances. Despite being saddled with debt,...

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Wanted: Cybersecurity Aces — Mastercard, Partners Have A Plan
Wanted: Cybersecurity Aces — Mastercard, Partners Have A Plan
April 10, 2019  |  Mastercard

Here’s a bit of heresy for 2019: Data’s not everything. Sure, data often gets called the oil of the digital age — and data, as a...

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FCA Calls For Lenders To Curb ‘Unacceptable’ Fees
FCA Calls For Lenders To Curb ‘Unacceptable’ Fees
March 07, 2019  |  Consumer Finance

The Financial Conduct Authority (FCA), the U.K.’s financial watchdog, has found that some lenders are inflicting their credit card customers with an “unacceptable” number of...

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How Frank Wants To Help Students Stay Away From Debt
How Frank Wants To Help Students Stay Away From Debt
March 06, 2019  |  Alternative Finances

Much has been written about the student loan crisis in the U.S. There are now 44 million borrowers who collectively own $1.5 trillion in debt, making...

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Munchery Leaves Consumers, Vendors Out $6M
Munchery Leaves Consumers, Vendors Out $6M
March 05, 2019  |  Subscriptions

Meal kit service Munchery has filed for bankruptcy and still owes $3 million in unfulfilled customer gift cards and another $3 million to its vendors...

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