Forbes contributors publish independent expert analyses and insights. Jim Osman is a finance expert with over 30 years of experience. Credit Cracks Are Spreading: Rising Delinquencies And Recession ...
Consumer credit rose to $5 trillion in January — ‘small cracks are starting to emerge,' analyst says
Total outstanding consumer debt stood at $5 trillion as of January, according to the Federal Reserve's G.19 consumer credit report released on Friday. That is up slightly from a month earlier but down ...
A “faulty” transfer of student loan accounts from Nelnet to Mohela in 2023 led to “millions of consumer credit reporting errors,” lawmakers say in a new letter to government agencies reviewed by CNBC.
Learn about the Credit Card Accountability Act, which safeguards users from abusive credit card practices, reduces fees, and improves transparency in the financial world.
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