Consumer Credit Increases in November
In November, consumer credit increased at a seasonally adjusted annual rate of 11.0%. Revolving credit…
Browsing: Consumer credit
CFPB Report Highlights Consumer Issues with Leading Credit Reporting Agencies
Consumer reporting complaints received by the CFPB increased significantly in 2021 over the prior year, with the bureau receiving more than 500,000 credit or consumer reporting complaints between January and September 2021 compared to the 319,000 it received in all of 2020, according to a report released today.
CFPB Seeks Information on Benefits, Risks of BNPL Products
The CFPB today issued orders to five companies offering buy now, pay later credit seeking information on the risks and benefits of BNPL products.
Consumer Credit Increases in October
In October, consumer credit increased at a seasonally adjusted annual rate of 4.6%. Revolving credit…
Report: Credit Card Purchase Volume Increases Sharply in Second Quarter
Credit card monthly purchase volumes increased sharply in the second quarter compared to the first quarter of 2021, surpassing pre-pandemic numbers, according to the American Bankers Association’s latest Credit Card Market Monitor 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.
ABA Report: Business, Consumer Credit Markets to Continue Improving Over Next Six Months
Top economists from the largest U.S. banks expect credit conditions to continue improving for both consumers and businesses over the next six months, according to ABA’s Credit Conditions Outlook released today.
Consumer Delinquencies Decline to Record Low in Second Quarter of 2021
Consumer credit delinquencies fell to a record low in the second quarter of 2021 as the economy continued to rebound, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.
Consumer Credit Increases 4.7% in July
In July, consumer credit increased at a seasonally adjusted annual rate of 4.7%. Revolving credit…
Report: Credit Card Purchase Volume Remains Strong in First Quarter
Credit card monthly purchase volumes were mostly unchanged in the first quarter compared to the fourth quarter of 2020 but remained strong as consumers continued to drive the economic recovery, according to ABA’s latest Credit Card Market Monitor released today.