Tag Archives: consumer lending

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.

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Consumer Delinquencies Dip in First Quarter

Delinquencies in closed-end loans and bank cards edged down in the first quarter, driven by large declines in home loan-related delinquencies, according to the ABA Consumer Credit Delinquency Bulletin that was released today.

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Agencies Begin Third Phase of Expanded EGRPRA Review

The Federal Reserve, FDIC and OCC on Friday launched the third round of comments in the decennial Economic Growth and Regulatory Paperwork Reduction Act review cycle, which is mandated by Congress in order to identify bank regulations that are outdated, unnecessary or burdensome.

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Fed Survey Finds Increasing Economic Optimism

Four in 10 U.S. households surveyed last fall said they were somewhat or much better off financially than they had been five years prior, according to the Federal Reserve’s 2014 Survey of Household Economics and Decisionmaking released today. Just over a quarter said they were worse off than in 2009.

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