Five federal banking agencies yesterday issued a joint statement on the use of alternative data in credit underwriting.
Browsing: Consumer credit
Consumer credit increased at a seasonally adjusted annual rate of 5.2 percent in August. Total…
Consumer credit grew in July at its strongest pace in a full year.
Consumer credit increased at a seasonally adjusted annual rate of 4.3 percent in June. Total…
The good news is that both borrowers and lenders continue to exercise discipline and consumers are still in very strong financial shape.
Consumer credit delinquencies were mixed in the fourth quarter of 2018, with the composite index of closed-end loans falling and certain open-end loan categories rising, according to ABA’s Consumer Credit Delinquency Bulletin.