Large Number of Households Have Negative Wealth: Study
More than 14% of households have negative wealth, meaning their liabilities exceed their…
Banks Increasing Provisions For Loan Losses As Delinquency Rates Start To Increase
Banks nationwide are preparing for an uptick in delinquency rates, especially on consumer…
Fewer Individuals Reporting “Financial Stress,” Survey Reveals
The number of individuals with "no financial stress" has increased fivefold in…
More Consumers Expect To Miss Debt Payments in Next Three Months
Slightly more consumers expect to miss a debt payment in the next…
Fed Chair Yellen Remains ‘Cautiously Optimistic’ About Economy
Downplaying some recently released unsettling economic data, Janet Yellen, chair of the…
Older Consumers Increasing Debt Burdens: Study
Baby boomers are coming to the realization that you can't take it…
Energy-Dependent States Seeing Weakening Credit Performance
States that are heavily dependent on energy companies for jobs are starting…
CFPB Report Details Collection Activities, Debt Sale Trends
Financial services collections account for the largest percentage of the debt collection…
Fed Chair Gives Thumbs Up To Economy, Expects Moderate Growth For Years To Come
The U.S. economy will continue to grow, albeit at a “balanced” pace,…
Economy Continues Growing Slowly, According to Fed Report
The economy continued to grow at a modest-to-moderate pace across the country,…