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

Paycheck-to-Paycheck Consumers Won’t Find Budgetary Breathing Room From Rate Cuts
Paycheck-to-Paycheck Consumers Won’t Find Budgetary Breathing Room From Rate Cuts
September 23, 2024  |  Economy

The initial euphoria that greeted the Federal Reserve’s decision this past week to cut interest rates for the first time in four years was keenly...

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FCA Head Nikhil Rathi Says AI Has Benefits and Risks for Financial Inclusion
FCA Head Nikhil Rathi Says AI Has Benefits and Risks for Financial Inclusion
September 19, 2024  |  Artificial Intelligence

The hyper-personalization of insurance enabled by artificial intelligence could benefit some customers but render others “uninsurable,” Nikhil Rathi, CEO of the United Kingdom’s Financial Conduct...

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Car Payments Squeeze Consumers as Debt Mounts
Car Payments Squeeze Consumers as Debt Mounts
September 13, 2024  |  Debt

The money consumers saved during the pandemic has been spent. Savings are pressured, and credit card debt is mounting. When it comes to keeping current...

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Consumer Delinquency Rates Decline as Inflation Slows
Consumer Delinquency Rates Decline as Inflation Slows
September 13, 2024  |  Loans

More consumers are making their loan payments on time, aided by slower inflation and other trends. Late payments on loans have leveled off after increasing...

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Mixed Signals: Inflation Slows to 3-Year Low, Yet Essential Costs Rise
Mixed Signals: Inflation Slows to 3-Year Low, Yet Essential Costs Rise
September 11, 2024  |  Economy

The pace of price increases overall is slowing. But the costs of some key essentials remain stubbornly high, and they ticked higher in August. The...

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Consumers Could Find Economic Impact Of Interest Rate Cuts To Be Overrated
Consumers Could Find Economic Impact Of Interest Rate Cuts To Be Overrated
September 10, 2024  |  Economy

The only question surrounding rate cuts from the Federal Reserve boils down to not “when?” but … “how much?” The central bank seems all but...

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$3 Billion HealthTech Merger Aims to Cure Late Payments
$3 Billion HealthTech Merger Aims to Cure Late Payments
September 05, 2024  |  Healthcare

New Mountain Capital is reportedly combining three HealthTech firms in a $3 billion deal. The merger is designed to employ artificial intelligence (AI) to help...

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CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
September 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial...

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FDIC: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up in Q2
FDIC: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up in Q2
September 05, 2024  |  Banking

The Federal Deposit Insurance Corp.’s latest quarterly assessment of the state of the banking industry took note of the resilience of financial institutions in general....

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