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 increased at a seasonally adjusted annual rate of 3.6% in July according to…
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 decreased at a seasonally adjusted annual rate of 6.75% in the second quarter…
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.
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.
Consumer credit increased at a seasonally adjusted annual rate of 1.7% in the first quarter…
Credit applications—as measured by the number of credit inquiries—fell significantly in March during the early days of the coronavirus pandemic in the U.S., according to a new report issued by the Consumer Financial Protection Bureau today.
Consumer credit increased at a seasonally adjusted annual rate of 5 percent in the fourth…
The American Bankers Association today warned lawmakers of the potential consequences of imposing interest rate caps on consumer credit products.