Fed Survey: Loan Demand Plummets in Second Quarter
As the U.S. economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of ...
Tag: Auto lending
Groups: Proposed CA Law Could Impair Banks’ COVID-19 Response
A new bill introduced in the California state legislature could limit the ability of lenders to offer flexibility to consumers ...
Household Debt Increased Ahead of Coronavirus Outbreak
Outstanding household debt increased by 1.1% in the first quarter of 2020, rising by $155 billion to land at $14.3 ...
Fed Survey: Coronavirus Pandemic Weakens Demand for CRE, Consumer Debt
Demand for commercial and industrial loans was mixed in the first quarter, as the COVID-19 outbreak was beginning to strike ...
CFPB Reports Declines in Credit Inquiries During Coronavirus Pandemic
Credit applications—as measured by the number of credit inquiries—fell significantly in March during the early days of the coronavirus pandemic ...
Pentagon Makes ABA-Urged Fix to Military Lending Act Interpretive Rule
The Defense Department today said it is withdrawing a provision in its interpretive rule to the Military Lending Act regulations ...
Fed Survey: Little Change in Lending Standards Amid Weaker C&I Demand
Bankers left commercial and industrial lending standards mostly unchanged amid weakening demand in the fourth quarter of 2019, according to ...
N.Y. Fed: Credit Approval Rates Rise in 2019
Individuals who have applied for credit reported higher approval rates in 2019 than in 2018, according to the Federal Reserve ...
Household Debt Continues to Increase
Outstanding household debt increased by 0.7% in the third quarter of 2019, rising by $92 billion to land at $13.95 ...
Household Debt Continues to Climb
Outstanding household debt increased by 1.4% in the second quarter of 2019, rising by $192 billion to land at $13.86 ...
