Tag Archives: consumer lending

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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