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
by Luzi Ann Santos | moomoo News
作者：露茲·安·桑托斯 | moomoo 新聞
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.
拜登政府週五表示，它批准了49億美元的學生債務減免，這有助於緩解消費者的債務負擔，隨着金融科技股的上漲，索菲科技和Affirm Holdings的股價上漲。
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 $SoFi Technologies (SOFI.US)$ 連續第二天上漲，週一上午上漲5.7％，至7.92美元。 $Affirm Holdings (AFRM.US)$ 股價上漲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.
根據教育部的新聞稿，債務減免涵蓋73,600名借款人，包括教師、社會工作者和其他公務員，以及有資格獲得以收入爲導向的還款減免的人。
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.
債務豁免計劃的消息是在費城聯邦儲備銀行發佈報告幾天後發佈的，該報告顯示信用卡拖欠率在第三季度超過了疫情前的水平。
費城聯儲報告稱：“消費者的脆弱性加劇在支付行爲中也很明顯，越來越多的消費者將週期末餘額的全部或部分資金用於支付。”
債務減免可以騰出更多資金供借款人償還其他消費者債務。