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Last month, 6.65% of subprime borrowers were at least 60 days late on their car payments. That’s the highest delinquency rate since the 1990s, according to Fitch Ratings.
Generally speaking, “private” means “less regulation.”
Fitch Ratings cut its outlook on banks in South Korea, Mexico, Thailand, Taiwan, and Vietnam.
Sister Monica Clare had to pay off more than $100,000 before becoming a nun.
It has to do with what he considers a troubling trend in U.S. government debt.
Over the past three decades, the share of homeowners ages 65 to 79 with a mortgage rose from 24% to 41%.
Consumers are spending to get ahead of tariffs, but going too hard could pinch budgets down the line.
Delinquencies have been rising for credit cards and auto loans.
And their amount of debt is also on the rise. That’s pushing more households into the ranks of the financially precarious.
The study argues implicit bias from court officials is part of the problem in Chapter 13 cases. The head of a trustees group doesn’t agree.