Turkey's Delinquent Consumer Debt Surges 135.1%
Delinquent consumer loans and credit cards debt in Turkey increased by 135.1% year-over-year to 105.48 billion Turkish lira by December 13, 2023, driven by high inflation impacting fixed-income households, according to economist Şenol Babuşcu who predicts further increases by 2025.
Turkey's Delinquent Consumer Debt Surges 135.1%
Delinquent consumer loans and credit cards debt in Turkey increased by 135.1% year-over-year to 105.48 billion Turkish lira by December 13, 2023, driven by high inflation impacting fixed-income households, according to economist Şenol Babuşcu who predicts further increases by 2025.
Progress
40% Bias Score
Warren Proposes Bankruptcy Reform to Ease Financial Hardship
Senator Elizabeth Warren reintroduced the Consumer Bankruptcy Reform Act on Wednesday to simplify and reduce the cost of the bankruptcy process for individuals, proposing two new routes and addressing issues like student loan debt, as personal bankruptcy filings rise in 2024.
Warren Proposes Bankruptcy Reform to Ease Financial Hardship
Senator Elizabeth Warren reintroduced the Consumer Bankruptcy Reform Act on Wednesday to simplify and reduce the cost of the bankruptcy process for individuals, proposing two new routes and addressing issues like student loan debt, as personal bankruptcy filings rise in 2024.
Progress
40% Bias Score
Russian Banks Slash Credit Limits Amid Economic Uncertainty
Russian banks are reducing credit limits for thousands of borrowers due to rising interest rates, high consumer debt, a new lending law, and economic uncertainty, impacting holiday spending plans and causing widespread consumer frustration.
Russian Banks Slash Credit Limits Amid Economic Uncertainty
Russian banks are reducing credit limits for thousands of borrowers due to rising interest rates, high consumer debt, a new lending law, and economic uncertainty, impacting holiday spending plans and causing widespread consumer frustration.
Progress
52% Bias Score