SoFi, Affirm Lead Fintech Shares Higher After as Student Borrowers Get $4.9B Relief
SoFi, Affirm Lead Fintech Shares Higher After as Student Borrowers Get $4.9B Relief
The debt relief covers 73,600 borrowers including teachers, social workers and other public servants and those who qualify for income-driven repayment forgiveness, according to a press release from the Department of Education. by Luzi Ann Santos | moomoo News
作者：露兹·安·桑托斯 | moomoo 新闻
Sofi Technologies and Affirm Holdings shares advanced as fintech stocks rallied, after the Biden administration said Friday, it approved $4.9 billion in student debt relief, helping ease consumers' debt load.
拜登政府周五表示，它批准了49亿美元的学生债务减免，这有助于缓解消费者的债务负担，随着金融科技股的上涨，索菲科技和Affirm Holdings的股价上涨。
Shares of $SoFi Technologies (SOFI.US)$ gained for a second day, rallying 5.7% to $7.92 Monday morning. $Affirm Holdings (AFRM.US)$ shares climbed 7.3% $45.26.
的股份 $SoFi Technologies (SOFI.US)$ 连续第二天上涨，周一上午上涨5.7％，至7.92美元。 $Affirm Holdings (AFRM.US)$ 股价上涨7.3％45.26美元。
The debt relief covers 73,600 borrowers including teachers, social workers and other public servants and those who qualify for income-driven repayment forgiveness, according to a press release from the Department of Education.
根据教育部的新闻稿，债务减免涵盖73,600名借款人，包括教师、社会工作者和其他公务员，以及有资格获得以收入为导向的还款减免的人。
News of the debt forgiveness program came days after the Federal Reserve Bank of Philadelphia released a report that showed credit card delinquency rates surpassed pre-pandemic levels in the third quarter.
"Greater consumer fragility is also evident in payment behavior, with a growing share of consumers revolving all or some portion of their cycle end balance," according to the Philadelphia Fed report.
The debt relief could free up more money for borrowers to pay their other consumer debt.
债务豁免计划的消息是在费城联邦储备银行发布报告几天后发布的，该报告显示信用卡拖欠率在第三季度超过了疫情前的水平。
费城联储报告称：“消费者的脆弱性加剧在支付行为中也很明显，越来越多的消费者将周期末余额的全部或部分资金用于支付。”
债务减免可以腾出更多资金供借款人偿还其他消费者债务。
