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

Contactless Sizzles, Consumer Debt Fizzles And Sears And Amazon Spark A Sizzle-Laden Partnership
Contactless Sizzles, Consumer Debt Fizzles And Sears And Amazon Spark A Sizzle-Laden Partnership
July 21, 2017  |  Sizzle/Fizzle

Contactless payments look strong — if you live in the U.K. — and going cashless is increasingly king in China. Meanwhile, consumer debt may have seen another canary drop in...

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Consumers Making Less Than $40K Per Year Worried About Paying Off Debt
Consumers Making Less Than $40K Per Year Worried About Paying Off Debt
July 19, 2017  |  Consumer Finance

A new survey has found that a divide is emerging over how Americans feel about their ability to pay down debt, with the poorest Americans...

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FTC: Fraudsters Posed As Attorneys In Debt Collection Scheme
FTC: Fraudsters Posed As Attorneys In Debt Collection Scheme
July 18, 2017  |  Security & Fraud

The Federal Trade Commission (FTC) is putting the kibosh on a debt collection operation’s illegal activity. The operation had been extorting money from consumers, who...

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Wells Fargo Reports Mixed Results, Auto Biz Slips as Card Use Up
Wells Fargo Reports Mixed Results, Auto Biz Slips as Card Use Up
July 14, 2017  |  Earnings

Wells Fargo, trying to bounce back from a scandal involving falsified accounts, and any number of hits to its reputation since late 2016, posted results...

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U.S. Consumer Borrowing Posts Biggest Increase In Six Months
U.S. Consumer Borrowing Posts Biggest Increase In Six Months
July 11, 2017  |  Payments Innovation

The American people are feeling more confident about spending, if last month’s consumer borrowing numbers are any indicator. Borrowing patterns tend to correlate directly with...

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Today In Data: CFPB’s Loan Forgiveness Program Complaints
Today In Data: CFPB’s Loan Forgiveness Program Complaints
June 22, 2017  |  Today In Data

The Consumer Financial Protection Bureau (CFPB) may be in over its head when it comes to key constituents’ feelings regarding its Public Service Loan Forgiveness...

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Leveraged Lending Sees a Renaissance
Leveraged Lending Sees a Renaissance
June 15, 2017  |  Investments

In investing, returns are everything, and when it comes to fixed income, yield is everything. Get the Full Story Complete the form to unlock this...

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For CFPB, About Face On Debt Collection?
For CFPB, About Face On Debt Collection?
June 12, 2017  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has reversed course about debt collection, and, as The American Banker noted, “in a big win for third-party debt...

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Credit Card Charge-Offs Reach Highest Rate Since 2009
Credit Card Charge-Offs Reach Highest Rate Since 2009
June 09, 2017  |  Debt

Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting...

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