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

Growing Rise in Side Hustles Points to Boon in Digital Payouts
Growing Rise in Side Hustles Points to Boon in Digital Payouts
March 25, 2024  |  Faster Payments

The rise of the gig economy may have significant, positive knock-on effects for faster disbursements and earned wage access options. In this environment, supplemental income...

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Credit Card Delinquencies Slip as Charge-Offs Keep Rising
Credit Card Delinquencies Slip as Charge-Offs Keep Rising
March 25, 2024  |  Credit Cards

Credit card delinquencies fell slightly last month while net charge-offs continued with their upward trajectory. That’s according to a report Monday (March 25) by Seeking...

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Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
March 11, 2024  |  Banking

It’s said that those who don’t learn from history are doomed to repeat it. The spectacular flameout of Silicon Valley Bank (and other banks subsequently), happened March...

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Fed’s Credit Data Signals Caution for Merchants
Fed’s Credit Data Signals Caution for Merchants
March 08, 2024  |  Economy

For merchants, reliant upon consumer spending — and credit as a way to enable that spending — the warning signals are flashing. The Fed’s latest...

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As GDP Growth Decelerates, All Eyes Are on Consumer Spending
As GDP Growth Decelerates, All Eyes Are on Consumer Spending
February 28, 2024  |  Economy

The latest readings of gross domestic product (GDP) have been revised down — at least a bit. And though the fourth-quarter GDP still logged some...

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Paycheck-to-Paycheck Consumers Could Benefit From Capital One/Discover Deal
Paycheck-to-Paycheck Consumers Could Benefit From Capital One/Discover Deal
February 23, 2024  |  Consumer Finance

In what could be one of the largest acquisitions of the decade, Capital One recently announced it wants to purchase Discover Financial in a deal...

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Data Shows January US Sales Sink but BNPL Can Boost Consumer Demand
Data Shows January US Sales Sink but BNPL Can Boost Consumer Demand
February 22, 2024  |  Personal Finance

According to the U.S. Commerce Department, retail sales dropped in January by a seasonally adjusted 0.8%.  Conventional wisdom suggests a post-holiday season decline in sales would...

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CFPB Takes Aim at Consumer Credit Card Rates 
CFPB Takes Aim at Consumer Credit Card Rates 
February 16, 2024  |  Credit Cards

The Consumer Financial Protection Bureau (CFPB) aims to boost competition in the credit card industry to deliver lower rates to consumers. The agency announced this...

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Fed’s Data Hints at Slowing Embrace of Revolving Debt
Fed’s Data Hints at Slowing Embrace of Revolving Debt
February 09, 2024  |  Economy

Is there a literal slowdown in the cards? The Federal Reserve’s latest report on consumer credit data showed that overall, households took on $1.5 billion...

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