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.
Browsing: Auto lending
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.
Fed Survey: Loan Easing Trend Slows as Recovery Pace Cools in Q3
While banks continued to remain in a posture of easing standards on commercial, mortgage and personal loan products, the easing trend slowed in the third quarter from the prior two quarters, according to the Federal Reserve’s senior loan officer opinion survey released today.
Household Debt Rises by $313 Billion in Second Quarter
Total household debt increased 2.1% in the second quarter of 2021, rising by $313 billion to land at $14.96 trillion, the Federal Reserve Bank of New York reported today.
Business Recovery Drives Business Loan Demand, Eased Standards
As the small business recovery took off in the second quarter, a substantially larger share of banks reported easing standards for business loans, continuing the easing trend seen in the first quarter of 2021, according to the senior loan officer opinion survey released by the Federal Reserve today.
Banks See Rising Demand for Jumbo Mortgages as Broader Credit Market Stabilizes
Rising home prices in many U.S. markets appear to have pushed up demand for—and banks’ offering of—jumbo mortgage loans, according to the Federal Reserve’s senior loan officer survey released today.
Fed Survey Shows Further Stabilization in Q4 Credit Practices, Demand
Loan demand and standards for lending continued to stabilize in the fourth quarter of 2020 after the economic freefall caused by the COVID-19 pandemic in the second quarter.