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Consumer Borrowing

P2P Lending Is Not Dead

Jorge Newbery | Posted 06.08.2015 | Business
Jorge Newbery

A short while ago, I pronounced P2P lending dead. Annihilated. Massacred by Wall Street bankers. Choked by a Black Rock. Then, I heard from Dara Albright, co-founder of LendIt, the largest peer-to-peer lending conference in the world.

P2P Lending Is Dead

Jorge Newbery | Posted 04.22.2015 | Business
Jorge Newbery

First, disco bit the dust. Then, punk rock keeled over. Now, peer-to-peer lending has been annihilated. Who murdered P2P? Wall Street.

U.S. Consumer Borrowing Up As Credit Card Use Rises

AP | MARTIN CRUTSINGER | Posted 09.07.2013 | Business

WASHINGTON — Americans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reac...

Positive Sign For The Economy?

Reuters | Posted 04.09.2013 | Business

WASHINGTON, Feb 7 (Reuters) - U.S. consumer borrowing rose in December, a hopeful sign for the strength of the economy although debt taken on throug...

Consumers Put Away The Plastic

AP | CHRISTOPHER S. RUGABER | Posted 10.07.2012 | Money

WASHINGTON -- Americans cut back on credit card use in June, a sign that high unemployment and slow growth have made some more cautious about spending...

Resisting The Urge To Splurge?

AP | MARTIN CRUTSINGER | Posted 06.08.2012 | Money

WASHINGTON -- U.S. consumer borrowing increased more slowly in April, restrained by a sharp reduction in credit card debt. The report suggests Americ...

Uh-Oh, We're Doing This Again

AP | MARTIN CRUTSINGER | Posted 07.07.2012 | Money

WASHINGTON -- Americans swiped their credit cards more often in March and took out more loans to attend school. That drove the biggest one-month incre...

We're Back To Our Pre-Recession Habits

AP | DEREK KRAVITZ | Posted 06.06.2012 | Money

WASHINGTON — Americans took out more loans to buy cars and attend school in February but used their credit cards less frequently for the second ...

Americans May Be Getting Back Into A Pre-Recession Habit

AP | MARTIN CRUTSINGER | Posted 03.10.2012 | Business

WASHINGTON — Americans are feeling confident enough in the economy to go back to a time-honored tradition – taking on a little extra debt....

Credit Card Use Falls For Third Straight Month

AP | MARTIN CRUTSINGER | Posted 01.07.2012 | Business

WASHINGTON — Americans borrowed more in September to buy cars and attend college, but they charged less to their credit cards for a third straig...

U.S. Consumers Spending Less, Except On Cars

AP | By MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON -- Consumers borrowed more in January to purchase new cars but were once again frugal with their credit cards, offering a mixed sign of the...

Consumer Credit Shows A BIG Rise In March

AP | By MARTIN CRUTSINGER | Posted 05.25.2011 | Business