Consumer Credit Growth Picked Up in September
Consumer credit decreased at a seasonally adjusted annual rate of 2.25% in the third quarter…
Browsing: Consumer credit
ABA: Card Market Overregulation Would Harm Credit Access
The credit card market is functioning well, and consumers feel their bank is there for them during the COVID-19 pandemic, ABA said in a letter to the CFPB today.
Consumer Credit Shrinks in August
Consumer credit decreased at a seasonally adjusted annual rate of 2.0% in August according to…
CFPB: Half of Households Report $3,000 or Less in Savings
More than half of people report their household has $3,000 or less in their savings and checking accounts combined but half of American think they need $10,000 or more in savings for an emergency, according to a new report from the CFPB.
Fed Survey: Consumer Spending Expectations Little Changed
Americans’ expectations for how much more they will spend in the next year held steady at 3.0% in August from the prior month, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released today.
Consumer Credit Growth Picked Up in July
Consumer credit increased at a seasonally adjusted annual rate of 3.6% in July according to…
Closed-End Delinquencies Rise in Q1 as Pandemic Began
Consumer credit delinquencies rose in all 11 closed-end loan categories in the first quarter of 2020 as the coronavirus pandemic and subsequent economic slowdown began in the U.S., according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.
Consumer Credit Shrinks in June
Consumer credit decreased at a seasonally adjusted annual rate of 6.75% in the second quarter…
New CFPB Study Examines Recent Debt Settlement, Credit Counseling Trends
A new report from the CFPB found “substantial changes in debt settlement activities over the last 13 years,” likely driven by market share increases among debt settlement companies.
ABA: House Bill Would Undermine Usefulness of Credit Reports
In a letter to House leadership today, the American Bankers Association expressed its opposition for H.R. 5332. Introduced by Rep. Josh Gottheimer (D-N.J.), the Protecting Your Credit Score Act of 2020 is scheduled to be considered this week.