Tag Archives: consumer lending

Fed Survey: Tighter Credit Environment Dings Auto Loan Market

Bankers continued tightening credit for business loans and auto loans in the last three months 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.

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Under Criticism, FDIC Amends Exam Appeals Process

The FDIC board today voted to propose amendments to its supervisory guidelines that would expand banks’ rights to appeal exam decisions and improve consistency with other agencies’ appeals processes and issue examination guidance for third-party lending.

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ABA Reiterates Concerns over Language Preference Addition to URLA

ABA and several trade associations today wrote to Federal Housing Finance Agency Director Mel Watt repeating concerns they had previously raised about the agency’s proposal to include a question on the Uniform Residential Loan Application that asks borrowers to indicate their language preference.

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Consumer Delinquencies Fall in First Quarter

Delinquencies in both closed-end and open-end loans fell in the first quarter of 2016, according to the ABA Consumer Credit Delinquency Bulletin released today. The report credited consumers’ responsible management of their finances for the decline, noting lower delinquency rates in seven out of 11 individual loan categories.

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