Economy

The Consumer Financial Protection Bureau may have sent another canary down the coal mine, this time on the topic of interest and fees charged by credit card issuers. In a blog post that was published last week, the CFPB noted that consumers pay about $120 billion in credit card interest …

The number of consumers using Buy Now, Pay Later services is on the rise, which means that more consumers are starting to miss their payments, according to the results of a survey that were released this month. The survey reveals just how popular BNPL products have become with consumers who …

The average consumer worries about money six times a day and more than half have overextended themselves are in a “difficult” financial position, according to the results of a survey conducted and released by Affirm, a Buy Now, Pay Later provider. On the bright side, though, younger consumers feel as …

In yet another sign of the uncertainty that many people are facing these days, more consumers expect to not be able to make a minimum debt payment in the next three months, but fewer people believe they will be much worse off, financially, a year from now, according to data …

A record number of people — about 4.5 million — quit their jobs in November, according to data that was released yesterday by the Department of Labor, and while the rate of people who quit their job remains at its highest point in the two decades that the data point …

As the COVID-19 pandemic took over the United States in 2020 and through 2021, fewer consumers — by and large — had problems paying their bills, but those who did have problems doing so had more problems than usual, according to data that was released last week by the Consumer …

Creditors and lenders are going to be a little more aggressive in their risk-taking in 2022, according to data provided by TransUnion, thanks to delinquency and charge-off rates that have remained stable through this year. Many lenders tightened their underwriting criteria during the pandemic and are now ready to start …

While most households are in a better financial shape now than they were when the COVID-19 pandemic began, the economic benefit from financial aid provided by the federal government is rapidly fading, especially for those at the bottom of the income ladder, according to a published report, which warns that …

Inflation. Supply chain issues. Omicron. We’ve all seen prices for goods and services increase in recent months and are feeling it in our wallets. But companies in the accounts receivable management industry are feeling the pinch, too, not just in areas like traditional office supplies, but in one of the …

The COVID-19 pandemic has turned more Americans pessimistic about their financial futures, while more than one-quarter of consumers feel their financial situations are worse now than they were about a year ago, according to a report released by Encore Capital Group, which surveyed its customers both here in the United …