ABA urges CFPB to improve complaint intake form, combat frivolous complaints
ABA is urging the CFPB to remove four demographic fields from its Consumer Response Intake Form and to take action ...
Tag: Consumer credit
New York Fed: Household debt reached nearly $19T in Q4
Household debt increased by $191 billion, or 1%, to $18.8 trillion in the fourth quarter of 2025, the Federal Reserve ...
Loans to non-depository financial institutions: new granularity and a rapidly growing segment
These entities play a central role in credit intermediation outside the traditional banking system.
Fed: Consumer credit increased 2.4% in 2025
Consumer credit increased 2.4% in 2025, with revolving and nonrevolving credit increasing 3.4% and 2%, respectively.
CFPB, DOJ to withdraw warning on using immigration status to determine creditworthiness
The CFPB and Department of Justice plan to withdraw 2023 guidance warning financial institutions that they risk violating federal protections ...
Consumer credit increased in November
Consumer credit increased at a seasonally adjusted annual rate of 1% in November. Total outstanding credit increased to $5,084.8 trillion ...
ABA, associations seek guardrails on FCRA class action litigation abuse
A proposed bill to curb abuse of the Fair Credit Reporting Act by class action plaintiffs' attorneys would establish reasonable ...
Consumer credit increased in November
Consumer credit increased at a seasonally adjusted annual rate of 2.2% in October. Revolving credit, largely a reflection of credit ...
Consumer credit increased in September
Consumer credit increased at a seasonally adjusted annual rate of 2.7% in September. Total outstanding credit increased to $5.0766 trillion ...
CFPB: Federal law preempts state law on credit reporting
The CFPB issued an interpretive rule stating that the Fair Credit Reporting Act preempts state laws on credit reporting, with ...
