Borrowing wasn't always thought of as an abstract, impersonal concept. Author Louis Hyman discusses the history of borrowing and his new book, "Borrow: The American Way of Debt."
The billionaire will match the contributions made by Rep. Scott Rigell to pay down the national debt. But he's still waiting for Senate Minority Leader Mitch McConnell to make a contribution.
Sad to say, the 19th and early 20th century notion of the democratization of savings became the late 20th century idea of the democratization of credit. It's time to change the focus of public policy.
The American Banker says that JPMorgan Chase appears to be backing off efforts to collect unpaid credit card debt from its customers. They're not forgiving the debt, but they've quietly stopped going after it.
L.A. Times consumer columnist David Lazarus joins Tess to answer questions about debt mediation services and how to cope with the bank when your home is underwater.
