Browsing: Consumer credit

Newsbytes

The CFPB has announced plans to compile and publish a list of companies that offer customers access to a free credit score, which the bureau said would help “bring customer attention to the topic of credit scores, and follow up with content to educate, inform and empower consumers on the availability of credit scores and credit reports an how consumers can use this information.”

Economy

Consumer credit increased at a seasonally adjusted annual rate of 4.1 percent in June, down from a 6.0 percent rate in May. Total outstanding credit rose $12.3 billion during the month (compared to $17.9 billion in May) to $3.63 trillion. Revolving credit rose at an annual rate of 9.7 percent to $960.8 billion, compared to

Economy

Individuals who have applied for credit are reporting higher approval rates in June than they reported in February, according to the Federal Reserve Bank of New York’s latest Credit Access Survey released today, which gauges consumers’ experiences and expectations regarding credit over the previous year. The results show that the share of applicants who received

Economy

Consumer credit increased at a seasonally adjusted annual rate of 6.2% in May, up from a 4.5% rate in April. Total outstanding credit rose $18.6 billion during the month (compared to $13.4 billion in April) to $3.62 trillion. Revolving credit rose at an annual rate of 3.0% ($2.4 billion) to $953.3 billion, compared to a

Economy

Consumer credit increased at a seasonally adjusted annual rate of 4.5 percent in April, down from a 9.6 percent increase in March. Total outstanding credit rose $13.4 billion during the month (compared to $28.4 billion in March) to $3.60 trillion. Revolving credit rose at an annual rate of 2.1 percent ($1.6 billion) to $951.5 billion,

Ag Banking

ABA, together with several financial and agricultural trade groups, today wrote to Congress urging lawmakers to include additional funding for the Farm Service Agency’s direct operating loan and guaranteed operating loan programs in the 2017 agriculture appropriations spending bill.

Newsbytes

Nearly seven in 10 U.S. households surveyed last fall said they are “doing okay” or “living comfortably,” according to the Federal Reserve’s 2015 Report on the Economic Well-Being of U.S. Households released yesterday.

Economy

Consumer Credit increased at a seasonally adjusted annual rate of 10.0 percent in March, the highest rate since November 2001. Total outstanding credit rose $29.7 billion during the month (compared to $14.1 billion in February) to $3.59 trillion. Revolving credit rose at an annual rate of 14.2 percent ($11.1 billion) to $951.6 billion, compared to

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