Consumer credit increased at a seasonally adjusted annual rate of 2.4% in March, the Federal Reserve reported. Nonrevolving debt — the category that includes auto loans and student loans — increased at an annual rate of 2.7%, while revolving debt, which includes credit cards, increased at an annual rate of 1.7%.
Banking agencies pledge more scrutiny of core provider business practices
The federal banking agencies pledged to step up oversight of third-party core providers whose business practices “unreasonably limit” community banks from conducting due diligence or from negotiating contract terms that address the banks’ business needs.









