Tag Archive for ‘consumer finance’

Consumer Credit Grows on Eased Lending Standards

The Federal Reserve Board reported that consumer credit outstanding grew by a seasonally adjusted annual rate of 10.0% over the month of March 2016, 5.2 percentage points faster than its growth rate in February. Over the first quarter of 2016, consumer credit outstanding expanded by 6.4%, 0.2 percentage points ahead of the 6.2% rate of growth in the fourth quarter of 2015…. Read More ›

Market Dynamics Contribute to Consumer Credit Growth

Consumer credit outstanding grew by a seasonally adjusted annual rate of 5.8%, $206.6 billion, in the month of February 2016, 0.7 percentage point faster than the 5.1% rate of growth recorded in January. Consumer credit outstanding now totals $3.568 trillion. The increase in total consumer credit outstanding partly reflected an expansion in the outstanding amount of revolving consumer credit. The outstanding amount… Read More ›

Consumer Credit Grows on Student, Auto Loans

Consumer credit outstanding grew by a seasonally adjusted annual rate of 3.6%, $126.5 billion, in the month of January 2016, 3.7 percentage points slower than the 7.3% rate of growth recorded in December 2015. Consumer credit outstanding now totals $3.544 trillion. According to the Federal Reserve Board’s Consumer Credit Report, the increase in total consumer credit outstanding reflected an expansion in the… Read More ›

Consumer Credit Expands in 2015

Consumer credit outstanding grew on a seasonally adjusted annual rate of 7.2% over the month of December and by 5.8% over the fourth quarter of 2015. Over the year of 2015, consumer credit outstanding expanded by 6.9%. There is now $3.55 trillion in outstanding consumer credit. Growth in the outstanding amount of consumer credit over the year partly reflected an… Read More ›

Consumer Credit Expands

Consumer credit outstanding grew by a seasonally adjusted annual rate of 4.8%, $167.4 billion, in the month of November 2015, 0.6 percentage point slower than the 5.4% rate of growth recorded in October 2015. Consumer credit outstanding now totals $3.526 trillion. The increase in total consumer credit outstanding partly reflected an expansion in the outstanding amount of revolving consumer credit. Revolving credit,… Read More ›

Consumer Credit Continues to Grow

Consumer credit outstanding grew by a seasonally adjusted annual rate of 5.5%, $191.8 billion, in the month of October 2015, 4.4 percentage point slower than the 9.9% rate of growth recorded in September 2015. Consumer credit outstanding now totals $3.512 trillion. The increase in total consumer credit outstanding largely reflected an expansion in the outstanding amount of non-revolving consumer credit. Non-revolving consumer… Read More ›

Consumer Credit Expands

Consumer credit outstanding grew by a seasonally adjusted annual rate of 7.5%, $257.7 billion, in the third quarter of 2015, 1.0 percentage point slower than the 8.5% rate of growth recorded in the second quarter of 2015. Consumer credit outstanding now totals $3.499 trillion. The increase in total consumer credit outstanding partly reflected an expansion in the outstanding amount of… Read More ›

Consumer Credit (from both Traditional and Non-traditional Sources) Expands

The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 5.6%, $192.2 billion, in August 2015, slower than the 6.6% rate of growth recorded in July and the 9.6% growth rate in June. Consumer credit outstanding is now at $3.470 trillion. The expansion of total consumer credit outstanding partly reflected an increase in… Read More ›

Consumer Credit Grows In July, But at a Slower Rate than in June

The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 6.7%, $229.2 billion, in July 2015, slower than the 9.5% rate of growth recorded in June. Consumer credit outstanding now totals $3.453 trillion. The expansion of total consumer credit outstanding partly reflected an increase in the outstanding amount of non-revolving consumer credit. Non-revolving consumer… Read More ›

Serious Delinquency Rates Continue Their Descent

According to a report by the Mortgage Bankers’ Association the delinquency rate for mortgage loans on 1-4 unit residential properties decreased to a seasonally adjusted rate of 5.30% of all loans outstanding at the end of the second quarter of 2015, 24 basis points less than its level in the first quarter of 2015 and 74 basis points below its level one… Read More ›