Recent News
Private Lenders Lobby to Restart Federal Student Loan Payments
Private student lenders are vigorously lobbying to get the Biden administration to restart federal student loan payments as the pandemic-related moratorium continues to hurt their bottom line. The emergency relief…
Federal Reserve on Consumer Credit
https://www.federalreserve.gov/releases/g19/current/
Profits For 2020 Up at Encore Capital Group
Profits for all of 2020 were up at Encore Capital Group even though it made less money in the fourth quarter than it did in the same period a year…
The Debt Industry
Credit investments play a core feature in investors’ portfolios for a number of reasons. These products are generally considered “safer” than equity investments such as publicly traded stocks as they…
Total Household Debt Climbs in Q2 2021, New Extensions of Credit Hit Series Highs
According to the latest Quarterly Report on Household Debt and Credit, total household debt increased by $286 billion (1.9%) to $15.24 trillion in the third quarter of 2021. Mortgage balances—the…