In yet another sign that the U.S. economy is growing quickly, consumer credit outstanding increased at a rate of 10% in May (seasonally adjusted), the Federal Reserve reported Thursday. The agency also reported an 11.4% […]
Dollar thresholds for transactions exempt from consumer credit and lease rules will remain unchanged at $58,300 in 2021, the Federal Reserve and Consumer Financial Protection Bureau (CFPB) announced Tuesday. The exemptions are provided under Regulation […]
A review of information furnishing to consumer credit reporting agencies over the past eight years shows a steady increase in actual payment furnishing for installment loan products but a significant decline in such information furnishing […]
In another sign of an economy slowing down, the Federal Reserve Wednesday said consumer credit decreased at a seasonally adjusted annual rate of 2% in August after seeing growth in the two previous months. According […]
Instability of consumer credit models can be a significant source of risk for lenders – particularly for financial technology (fintech) firms and others, a paper released Wednesday by the federal insurer of bank deposits implied. In […]
Dollar thresholds have been set at $58,300 for determining exempt consumer credit and lease transactions in 2020 under rule changes issued jointly by the Federal Reserve and the Consumer Financial Protection Bureau (CFPB) and slated […]
New surveys on consumers’ experiences with debt collection disclosures and on household financial shocks are proposed in notices published recently by the Consumer Financial Protection Bureau (CFPB). The bureau is seeking Office of Management and […]
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