You Searched For "consumer debt" and got 20 results
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2 mins read
FII stake in Indian equities dips to a 12-year low
Foreign institutional investors (FIIs) continued pulling out of Indian markets in November, driven …
2 mins read
SBI economists see Q2 GDP growth slowing down to 6.5%; FY25 growth to be closer to 7%
Economists at SBI predict a dip in India's GDP growth to 6.5% for the September quarter, citing pre…
1 min read
China to increase debt issuance in bid to revive economy
China slipped into deflation in 2023 as a result of weak domestic demand and a struggling property …
Rebecca Rommen
2 mins read
Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.
More credit card debt and car loans transitioned into late payment status last quarter, per the New…
Jennifer Sor
5 mins read
Big banks are bracing for losses as Americans struggle to pay off debt
Banks are building cash reserves as more and more Americans struggle to pay off credit card, auto, …
Jacob Zinkula
3 mins read
India to see solid domestic demand for the next 2 years, to grow at the rate of 6.5%-7%
The OECD report projects stable economic growth for emerging G20 economies, including India. India'…
3 mins read
China's massive stimulus is missing a key ingredient: a way to revive the nation's consumers
China announced a major stimulus package on Tuesday, but offered no fiscal support. It's necessary …
Filip De Mott
2 mins read
Student-loan companies put up 'excessive barriers' and gave borrowers inaccurate information about debt relief, a federal consumer watchdog says
A new report from the CFPB found that student-loan companies engaged in "unfair and abusive acts" w…
Ayelet Sheffey
3 mins read
‘Confident’ Indians might splurge on big-ticket items in 2024
The ghost of the pandemic is now a thing of the past. Consumer confidence index which hit a five-ye…
3 mins read
8 million student-loan borrowers who remain blocked from cheaper payments and debt cancellation are getting a step closer to a final decision on Biden's new repayment plan
A Missouri judge blocked student-loan forgiveness under the SAVE plan and will soon hear oral argum…
Ayelet Sheffey
3 mins read
Trump called inflation a disaster for consumers — and Musk blamed it on government waste
Higher food costs are pinching budgets and inflation eroded the value of savings, Donald Trump said…
Theron Mohamed
2 mins read
Rising household debt and shrinking incomes are setting the stage for a recession, top economist says
The US economy has two imbalances that could tip it into a downturn, according to economist David R…
Jennifer Sor
4 mins read
A millennial who used side hustles to pay off debt explains the lucrative and easy ones she recommends
Lisa Ebsworth finds doing surveys or completing secret shopping jobs are good side hustles to start…
Madison Hoff
2 mins read
More parents are taking on debt to pay for Disney vacations as prices soar
Disney's expensive prices have been a hot topic among park fans. They even caused Disney CEO Bob Ig…
Lauren Edmonds
2 mins read
Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says
Student-loan company Navient is barred from servicing federal loans in a settlement it reached with…
Ayelet Sheffey
2 mins read
A major student-loan company is 'improperly' rejecting some borrowers for debt cancellation they qualify for, 18 Democratic lawmakers say
Sen. Elizabeth Warren is leading her colleagues in asking student-loan company Navient for answers …
Ayelet Sheffey
3 mins read
Warren Buffett's company is so big it's like a mini US economy. Here's what it signals about the state of consumers.
Warren Buffett's Berkshire Hathaway owns scores of companies across a range of industries, and stro…
Theron Mohamed
4 mins read
A Gen Xer with a 6-figure salary and over $315,000 in debt can't afford a home: 'This country has failed us'
Shirin Tajani works two jobs, six days a week, but can't keep up with her student loan and credit c…
Ayelet Sheffey
2 mins read
Debt, equity holders approve merger of IDFC with IDFC First Bank
The board of the bank presented the result of voting on the proposal for amalgamation before the…
PTI
5 mins read
Debt recovery best practices: Lessons learned from successful business experiences
Debt collection has always been an obstacle-ridden course for most organisations. The steep rise in…