Household debt ticks up slightly in Q1
Total household debt increased by 1.7% to $15.84 trillion in the first quarter of this year, the Federal Reserve Bank of New York reported.
Browsing: Auto lending
Fed survey: business lending standards largely unchanged amid rising demand
Lending standards for business loans remained largely unchanged in the first quarter of 2022, according to the Federal Reserve’s senior loan officer opinion survey released today.
CFPB report flags auto servicing, consumer reporting issues
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products.
ABA Data Bank: Used car index shows largest monthly decline in 23 months
The Manheim Used Vehicle Value Index decreased 7.8 points in March to 223.5, the biggest drop in used car prices since April 2020.
CFPB Issues Compliance Bulletin on Auto Repossessions
In a compliance bulletin issued today, the CFPB signaled that it will hold auto loan holders and servicers “accountable for [unfair, deceptive or abusive acts and practices] related to the repossession of consumers’ vehicles.”
CFPB Zeroes in on Auto Lending Market
In a new blog post today, the CFPB signaled that it intends to increase its focus on the auto lending market.
Household Debt Rises by $333 Billion in Fourth Quarter of 2021
Total household debt increased 2.2% in the fourth quarter of 2021, rising by $333 billion to land at $15.58 trillion, the Federal Reserve Bank of New York reported today.
Fed Survey: Loan Easing Trend Continues in Q4 2021
Banks continued to ease standards on commercial, mortgage and personal loan products amid mixed demand, according to the Federal Reserve’s senior loan officer opinion survey released today.
N.Y. Fed: Credit Application, Approval Rates Rise
Consumer credit demand sharply rebounded in 2021, with most credit application rates rising and returning to 2019 levels, according to the Federal Reserve Bank of New York’s latest Credit Access Survey released today.
Household Debt Rises by $286 Billion in Third Quarter
Total household debt increased 1.9% in the third quarter of 2021, rising by $286 billion to land at $15.24 trillion, the Federal Reserve Bank of New York reported today.