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.
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.
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
New credit card accounts rose 16.3 percent year-on-year in the fourth quarter of 2015 to total 80.3 million, according to the latest edition of ABA’s Credit Card Market Monitor released today.
Americans’ expectations for how much more they will spend next year fell in March to 3.4 percent, declining from 4 percent in February, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations.
Consumer Credit increased at a seasonally adjusted annual rate of 5.8 percent in February, rising $17.2 billion (compared to $14.9 billion in January) to $3.57 trillion. Revolving credit rose at an annual rate of 3.7 percent ($2.9 billion) to $940.6 billion, compared to a 0.3 percent decrease in January. Non-revolving credit increased at an annual
After a yearlong suspension while it updated its submission system, the Consumer Financial Protection Bureau will resume accepting the card agreements that issuers are required to submit to the bureau.
Individuals who have applied for credit are reporting higher approval rates in February than they reported in October, 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
Consumer Credit increased at a seasonally adjusted annual rate of 3.6 percent in January, rising $10.5 billion (compared to $6.4 billion in December) to $3.54 trillion. Revolving credit fell at an annual rate of 1.4 percent ($1.1 billion) to $935.3 billion, marking the first decline in revolving credit since February of 2015. Non-revolving credit increased
Consumer Credit increased in December at a seasonally adjusted annual rate of 7.2 percent, rising $21.3 billion (compared to $14.0 billion in November) to $3.55 trillion. Revolving credit rose at an annual rate of 7.5 percent and by $15.4 billion (up from $7.7 billion in November) to $935.6 billion. Non-revolving credit increased at an annual