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.
Browsing: Consumer credit
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 delinquencies rose in the fourth quarter of 2019, mostly due to increases in auto and home-related delinquencies, according to ABA’s Consumer Credit Delinquency Bulletin released today.
Outstanding household debt increased by 1.4% in the fourth quarter of 2019, rising by $193 billion to land at $14.15 trillion, the Federal Reserve Bank of New York reported 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.
Individuals who have applied for credit reported higher approval rates in 2019 than in 2018, according to the Federal Reserve Bank of New York’s latest Credit Access Survey released today.
Five federal banking agencies yesterday issued a joint statement on the use of alternative data in credit underwriting.