Consumer Credit Growth Accelerates in December
Consumer credit increased at a seasonally adjusted annual rate of 5 percent in the fourth…
Browsing: Consumer credit
ABA: Interest Rate Caps Would Harm Consumers
The American Bankers Association today warned lawmakers of the potential consequences of imposing interest rate caps on consumer credit products.
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 Bank of New York’s latest Credit Access Survey released today.
Agencies Outline Risks and Benefits of Alternative Data Use
Five federal banking agencies yesterday issued a joint statement on the use of alternative data in credit underwriting.
Consumer Credit Growth Continues in August
Consumer credit increased at a seasonally adjusted annual rate of 5.2 percent in August. Total…
Consumer Credit Growth Robust in July Despite Slowing Economic Outlook
Consumer credit grew in July at its strongest pace in a full year.
Consumer Credit Growth Decelerates in June
Consumer credit increased at a seasonally adjusted annual rate of 4.3 percent in June. Total…
Untangling the Real Story about Consumers and Debt
The good news is that both borrowers and lenders continue to exercise discipline and consumers are still in very strong financial shape.
Consumer Delinquencies Mixed in Fourth Quarter of 2018
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.