Tag Archives: consumer lending

Fed Survey: Economic Outlook Triggers Business Credit Tightening

Citing the economic outlook, bankers are showing signs of tightening credit for business loans while they continued to ease credit standards slightly in their home mortgage and consumer loan portfolios, according to the Federal Reserve’s latest senior loan officer survey released today.

Read More »

Millennials’ Money Stress Affecting Other Areas of Life

More than four in 10 U.S. millennials -- those aged 18 to 34 -- say they are “chronically stressed” about money, and that money stress is spilling over into their emotional well-being, leisure activities, personal relationships and physical health, according to a Bank of America/USA Today survey released today.

Read More »

Consumer Delinquencies Fall in Second Quarter

Delinquencies on consumer loans fell significantly in the second quarter, driven by large declines in home loan-related delinquencies, according to the ABA Consumer Credit Delinquency Bulletin that was released today. Delinquencies fell in seven of the 11 loan categories.

Read More »

Pentagon Tightens Loan Rules for Service Members

The Defense Department today issued a final rule tightening restrictions on lending to service members. The rule expands the restrictions in the Military Lending Act -- which principally targeted tax refund anticipation loans, payday loans and car title loans -- to cover credit cards, lines of credit, installment loans and deposit advances offered to service members.

Read More »