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16May2018

Banks are Walking Away from Low-Income Home Buyers

. May 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Affordable housing advocates are worried by newly-released federal data from the Consumer Financial Protection Bureau which shows people with low-and moderate-incomes make up only 26.3 percent of borrowers in 2017, down from 36.6 percent in 2009. According to CNN Money, part of the
  • 16 May, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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10May2018

The US Economy’s Impact on Inflation

. May 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC U.S. consumer prices accelerated through March with underlying inflation surging near the Federal Reserve’s 2 percent target. According to CNBC, the rise in the annual inflation measures reported by the Commerce Department was anticipated by economists and federal officials. It is not expected to
  • 10 May, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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24Apr2018

How Americans Can Beef Up Their Savings Accounts

. April 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   While the U.S. economy is on a roll, many Americans have very little wiggle room in their savings account. An estimated 57 percent of adults in the U.S. have less than $1,000 in savings, and 39 percent have no savings at all. Here
  • 24 Apr, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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18Apr2018

The US has a “Part-Time” Problem

. April 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC With unemployment rates down, a complicated issue still exists – a historically high number of Americans who have part-time jobs but want full-time jobs. According to CNN, economists thought the trend known as “involuntary part-time” was temporary. Now it appears to be a more
  • 18 Apr, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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05Apr2018

Housing Market May Have Its Most Interesting Season

  . April 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC The spring housing marketing is shaping up to be the most interesting one in years. According to the New York Times, the economics of home buying will be tested thanks to higher mortgage rates, tax changes, and a supply-demand imbalance. In mid-September 2017,
  • 5 Apr, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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26Mar2018

Labor Force Close to 100 Percent

  . March 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   The American job market is offering good news after the latest jobs report was issued by the government. According to the New York Times, the U.S. added 313,000 jobs in February 2018 (the most since July 2016) with impressive gains across low,
  • 26 Mar, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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20Mar2018

Americans Haven’t Been This Confident in the Economy in More Than a Decade

  . March 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Americans are showing their highest confidence in the economy since 2004. U.S. consumer sentiment has risen more than preliminary March readings anticipated. According to CNBC, the University of Michigan’s Survey of Consumers mid-month report on consumer attitudes rose to 102 in March
  • 20 Mar, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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12Mar2018

President Trump Imposes Global Tariffs

  . March 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC President Trump ramped up economic pressure across the globe over the weekend. On Thursday, the White House formally announced tariffs on imports of steel and aluminium. According to Politico, this move has angered some trading partners and left some members of the Republican
  • 12 Mar, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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05Mar2018

Americans Are Borrowing More Than Ever For Vehicles

  . March 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Americans are borrowing more than ever to buy new and used vehicles, despite rising interest rates. According to CNBC, analysis of auto loans in the fourth quarter by Experian shows the average new vehicle loan hit a record high $31,099, while the
  • 5 Mar, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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02Mar2018

Will A Booming Economy Finally Increase Productivity?

  . March 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Two important facts about the economy over the last decade are clear: A giant global financial crisis led to mass unemployment in many countries, and the world experienced years of disappointing economic growth despite numerous technological innovations. According to Forbes, these may
  • 2 Mar, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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