Auto lending slowed in the second quarter, the Federal Reserve Bank of New York said last week in a report, as the coronavirus pandemic ravaged millions of American jobs and curbed consumer spending. Household debt across lending products fell for … Continue reading →

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August 12, 2020 at 6:00 am ET 79% of voters say they support allowing student borrowers to defer payments interest-free for six months, and 77% back a one-year deferral. 53% back the cancellation of up to $10,000 in student loan … Continue reading →

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In the United States, debt collection activities have found a fertile ground in a sweeping crisis that is wreaking havoc on both personal and business finances. With the onset of Covid-19, many states took steps to protect vulnerable people, such … Continue reading →

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Editorial Independence We want to help you make more informed decisions. Some links on our site — clearly marked — will take you to a partner website and may result in us earning a referral commission. For more information, see How … Continue reading →

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Darcel Richardson knows she’s fortunate in one sense: She still has her job as a vocational counselor in Baltimore. But despite that, she won’t be able to make her rent payment this month because she’s not getting her full salary … Continue reading →

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A double-dip recession becomes more and more evident as coronavirus cases continue to soar across the US, initial jobless claims continue to rise despite the easing of restrictions and business reopenings, and Americans continue to struggle with mounting debt. As … Continue reading →

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Sen. Marsha Blackburn, R-Tenn., argues the economic recovery and reopening process in the U.S. will not be a ‘one size fits all’ approach. U.S. credit card debt continued to fall in June as overall consumer borrowing grew after three months of … Continue reading →

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Buyers with bad credit could find it harder to get an auto loan in the coming months, according to Cox Automotive. The prediction comes following worsening coronavirus outbreaks in many areas of the country. The resulting uncertainty for subprime buyers … Continue reading →

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President Donald Trump will suspend your federal student loan payments through December 31, 2020. Here’s what you need to know. Student Loans Trump signed an executive order today that will grant additional student loan relief and provide a payroll tax … Continue reading →

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