Politic > Technology

Maryland Consumer Rights Coalition launches campaign warning about risks of for-profit colleges

4 monthes ago   |   By

Nakia Trezevant spent a year studying information technology at ITT Technical Institute in Owings Mills. She said she has nothing to show for it but $12,000 in debt. The for-profit educational firm, which had two campuses in Maryland, shut down in September 2016 after the U.S. Department of Education...
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As China Piles on Debt, Consumers Seek a Piece of the Action

4 monthes ago   |   By

Mortgage and credit card balances are surging, helping Chinese households reach the middle class but adding to the country's borrowing binge.
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RBS is so worried about UK consumer debt that it is delaying launching a new low-interest credit card

RBS is so worried about UK consumer debt that it is delaying launching a new low-interest credit card

4 monthes ago   |   By

LONDON - Royal Bank of Scotland has delayed the launch of a new low-interest rate credit card, citing worries about ballooning consumer debts in the UK.
RBS, which is almost 70% owned by the British taxpayer, was due to launch a new card with lower rates than its standard cards, but CEO Ross McEwan said the bank does not "think now is the right time" given the current UK consumer credit market, according to a piece in the Guardian.
"We just don't think now is the right time, with consumer debt having grown so much," McEwan said.
Consumer borrowing has grown by more than 10% a year over the...
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