Credit applications have largely rebounded to their pre-pandemic levels after a significant drop during the crisis, though there was substantial variation in the path to recovery for different credit types, according to a new research brief from the Consumer Financial Protection Bureau today.
Bank lending is not keeping up with deposit growth. Here’s why.
While delinquency rates and other indicators of consumer financial stress may rise as COVID-19 support programs are phased out, most consumers appear to be in good financial shape.
Consumer credit delinquencies declined in the first quarter of 2021—following a rise the prior quarter—as the economy rebounded strongly, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin released today.
Rising home prices in many U.S. markets appear to have pushed up demand for—and banks’ offering of—jumbo mortgage loans, according to the Federal Reserve’s senior loan officer survey released today.
Consumer credit delinquencies rose in the fourth quarter of 2020, following two consecutive quarters of declines, as the pandemic-induced recession weighed on the economy, according to ABA’s Consumer Credit Delinquency Bulletin released today.
Banks can become less reliant on third-party lead aggregators and reduce their cost of acquisition by better using what they already know.
Loan demand and standards for lending continued to stabilize in the fourth quarter of 2020 after the economic freefall caused by the COVID-19 pandemic in the second quarter.
Consumer credit delinquencies declined in eight out of 11 closed-end loan categories in the second and third quarters of 2020 amid significant fiscal support and sound financial management from consumers, according to ABA’s Consumer Credit Delinquency Bulletin released today.
Loan demand and standards for lending began to stabilize in the third quarter after demand weakened and standards tightened during the economic freefall of the second quarter.