Household Debt Continues to Increase
Outstanding household debt increased by 1.4% in the fourth quarter of 2019, rising by $193 billion to land at $14.15 ...
Tag: Consumer credit
Consumer Credit Growth Accelerates in December
Consumer credit increased at a seasonally adjusted annual rate of 5 percent in the fourth quarter and a rate of ...
ABA: Interest Rate Caps Would Harm Consumers
The American Bankers Association today warned lawmakers of the potential consequences of imposing interest rate caps on consumer credit products.
N.Y. Fed: Credit Approval Rates Rise in 2019
Individuals who have applied for credit reported higher approval rates in 2019 than in 2018, according to the Federal Reserve ...
Agencies Outline Risks and Benefits of Alternative Data Use
Five federal banking agencies yesterday issued a joint statement on the use of alternative data in credit underwriting.
Credit Card Delinquencies Fall, Other Delinquencies Edge Up
Delinquencies were mixed in the second quarter, with delinquencies falling for bank cards while rising for the composite index of ...
Consumer Credit Growth Continues in August
Consumer credit increased at a seasonally adjusted annual rate of 5.2 percent in August. Total outstanding credit increased $17.9 billion ...
Consumer Credit Growth Robust in July Despite Slowing Economic Outlook
Consumer credit grew in July at its strongest pace in a full year.
Consumer Credit Growth Decelerates in June
Consumer credit increased at a seasonally adjusted annual rate of 4.3 percent in June. Total outstanding credit increased $14.6 billion ...
ARRC Releases White Paper on Using SOFR Average for ARM Products
The Alternative Reference Rates Committee yesterday released a white paper that shows how to use an average of the Secured ...
