Fed Study Finds that Americans Used Most of Their Stimulus Checks for Saving and Paying Off Debt
Fed Study Finds that Americans Used Most of Their Stimulus Checks for Saving and Paying Off Debt A recent study published by the Federal Reserve Bank of New York (Fed) found that the CARES Act’s economic relief payments in March were primarily used to boost Americans’...
Lending Club Announces Retirement of P2P Lending Platform
Lending Club Announces Retirement of P2P Lending Platform LendingClub, an online marketplace for borrowers to access loans funded by consumer investors in amounts as low as $25, recently announced that its peer-to-peer (P2P) lending platform will be completely shut...
Americans Continue Cutting Credit Card Balances in August, Fed Reports
Americans Continue Cutting Credit Card Balances in August, Fed Reports The Federal Reserve (Fed) reported last week that Americans cut credit card balances again in August for the sixth month in a row. Despite the predicted increase in credit card spending, revolving...
