Economy
BK Filings Climb 12.2% as Post-Pandemic Rebound Enters Fourth Year
Bankruptcy filings in the United States rose 12.2% in the 12-month period ending June 30, according to data released this...
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Consumers Want Installments, Just Not From BNPL Providers
Buy now, pay later was billed as the credit card killer. A year of consumer data suggests it did something...
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Survey: Middle-Income Families Cutting Back and Taking Second Jobs as Costs Outrun Paychecks
Middle-income Americans are trimming budgets, delaying purchases, and picking up second jobs as the cost of living continues to outpace...
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Survey: Consumers Embrace BNPL ‘Pay in 4’ Plans as Alternative to Credit Cards
Squeezed by inflation and rising costs, American consumers are increasingly turning to Buy Now Pay Later "Pay in 4" plans...
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Consumer Credit Cracks Widen as Economy Grows Modestly, Fed’s Beige Book Finds
Economic activity increased at a slight to moderate pace in eleven of twelve Federal Reserve districts in late May and...
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More Consumers Falling Behind on Credit Card, BNPL Payments Used to Buy Groceries: Report
A growing share of working-age Americans are taking on debt just to put food on the table, and more of...
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Middle-Class Consumers Are Sliding Backward, and Assets Are the Dividing Line, Equifax Data Shows
The financial cushion separating consumers who can pay from those who cannot is getting thinner, and for households without meaningful...
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CFPB Takes First Step Toward Revisiting Credit Card Late Fee Rule
The Consumer Financial Protection Bureau appears ready to take another look at credit card late fees, an issue that most...
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Fewer Renters Missing Payments, But More Are Cutting Spending and Skipping Bills, Philly Fed Finds
Fewer renters are missing rent payments than a year ago, but more of them are skipping other bills and cutting...
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Borrowers Who Bet on Student Loan Forgiveness Are Now More Likely to Be Delinquent, Researchers Find
Borrowers who believed the student loan payment pause would keep getting extended were 7.5 percentage points more likely to be...
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