Tag Archives: consumer credit

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 ...

Read More »

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.

Read More »

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 ...

Read More »

Consumer Credit Grew 8.5% in August

Consumer credit increased at a seasonally adjusted annual rate of 8.5% in August, up from a 5.9% rate in July. Total outstanding credit rose $25.9 billion during the month (compared with $14.5 billion in July) to $3.69 trillion. Revolving credit rose at an annual rate of 7.0% to $974.6 billion, compared to a 3.5% increase in July. Non-revolving credit rose ...

Read More »

CFPB to Publish List of Companies Offering Free Credit Scores

The CFPB has announced plans to compile and publish a list of companies that offer customers access to a free credit score, which the bureau said would help “bring customer attention to the topic of credit scores, and follow up with content to educate, inform and empower consumers on the availability of credit scores and credit reports an how consumers can use this information.”

Read More »

Consumer Credit Grew 4.1 percent (SAAR) in June

Consumer credit increased at a seasonally adjusted annual rate of 4.1 percent in June, down from a 6.0 percent rate in May. Total outstanding credit rose $12.3 billion during the month (compared to $17.9 billion in May) to $3.63 trillion. Revolving credit rose at an annual rate of 9.7 percent to $960.8 billion, compared to a 2.2 percent increase in ...

Read More »