Tag Archives: consumer credit

Consumer Credit Growth Slowed in December

Consumer credit increased at a seasonally adjusted annual rate of 4.5% in December, down from an 8.1% rate in November. Total outstanding credit increased $14.2 billion during the month (compared with $25.2 billion in November) to $3.76 trillion. Revolving credit rose at an annual rate of 2.9% to $995.5 billion, compared to a large 14.4% increase in November. Non-revolving credit ...

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CFPB Releases Debt Collection Survey

The Consumer Financial Protection Bureau today released a report on consumer experiences with debt collection, relying upon surveys of consumers regarding their experiences with both first-party and third-party debt collectors.

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Consumer Credit Surged in November

Consumer credit increased at a seasonally adjusted annual rate of 7.9% in November, up from a 5.2% rate in October. Total outstanding credit increased $24.6 billion during the month (compared with $14.1 billion in October) to $3.75 trillion. Revolving credit rose at an annual rate of 13.5% to $992.4 billion, compared to a 2.4% increase in October. Non-revolving credit rose ...

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Consumer Credit Grew 5.2% in October

Consumer credit increased at a seasonally adjusted annual rate of 5.2% in October, down from a 7.1% rate in September. Total outstanding credit increased $16.0 billion during the month (compared with $21.8 billion in September) to $3.73 trillion. Revolving credit rose at an annual rate of 2.9% to $981.3 billion, compared to a 5.0% increase in September. Non-revolving credit rose ...

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N.Y. Fed Sees Uptick in Credit Rejection Rates

Individuals who have applied for credit are reporting higher rejection rates in October than they reported in June, according to the Federal Reserve Bank of New York's latest Credit Access Survey released on Friday.

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Consumer Credit Grew 6.3% in September

Consumer credit increased at a seasonally adjusted annual rate of 6.3% in September, down from an 8.8% rate in August. Total outstanding credit increased $19.3 billion during the month (compared with $26.8 billion in August) to $3.71 trillion. Revolving credit rose at an annual rate of 5.2% to $978.8 billion, compared to a 7.0% increase in August. Non-revolving credit rose ...

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