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

FTC Gets $4.1M Judgment Against Fake Payday Lender
FTC Gets $4.1M Judgment Against Fake Payday Lender
October 18, 2017  |  Security & Fraud

The Federal Trade Commission (FTC) announced Tuesday (Oct. 17) it had obtained a $4.1 million judgment and a ban on a payday lender. In a...

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Private Equity Firm Acquires Ruby Tuesday
Private Equity Firm Acquires Ruby Tuesday
October 16, 2017  |  Retail

According to CNBC news reports published on Monday (Oct. 16), Beall, Illinois-based food service retailer Ruby Tuesday has agreed to an acquisition by Atlanta, Georgia,...

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Why The Final Payday Lending Rules Are Far From The Last Word
Why The Final Payday Lending Rules Are Far From The Last Word
October 11, 2017  |  Alternative Finances

Last week, after five years of debates, discussions, arguments and waiting, the Consumer Financial Protection Bureau’s (CFPB) final rules for payday lending dropped. As one...

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Indian Bank’s Sour Loans Hit Near $146B
Indian Bank’s Sour Loans Hit Near $146B
October 11, 2017  |  Loans

Reuters reported that bad debt continues to linger on Indian banks’ balance sheets. On Tuesday (Oct. 10), the newswire said that the souring loans totaled...

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Payday Lending Viewed From Inside A NY Courtroom
Payday Lending Viewed From Inside A NY Courtroom
October 04, 2017  |  Legal

The payday lending and debt collection industry is controversial, to say the least, and it is getting a day in court. As The Wall Street...

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Retailers Flirt With Junk Ratings While Mall Vacancies Rise
Retailers Flirt With Junk Ratings While Mall Vacancies Rise
October 03, 2017  |  Retail

The junkyard is getting a little bit crowded with retailers. According to a CNBC.com news report, commerce-focused retail companies with a (quite) less than stellar...

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Credit Card Delinquencies Starting To Inch Up Again In The US
Credit Card Delinquencies Starting To Inch Up Again In The US
September 21, 2017  |  Debt

Credit card lenders got a break during the spring in terms of delinquencies, but they are beginning to inch higher again in the U.S. According...

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Another One Bites The Dust: Toys ‘R’ Us Files For Bankruptcy
Another One Bites The Dust: Toys ‘R’ Us Files For Bankruptcy
September 19, 2017  |  Retail

The retail death spiral drags on, and this week we have a new victim: Toys “R” Us. The eponymous toy store has filed for Chapter...

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Student Loan Collection Draws CFPB Attention And Ire
Student Loan Collection Draws CFPB Attention And Ire
September 19, 2017  |  CFPB

The CFPB laid down some serious fines on National Collegiate Student Loan Trusts and its debt collector, Transworld Systems, Inc. The firms were collectively ordered...

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