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News Headlines - Consumer Credit

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ACA International

Consumer Credit Rises to Record $3.8 Trillion - - CFO.com
CFO
The surge in borrowing in October was fueled by a 9.9% increase in revolving credit outstanding, which mostly consists of credit-card loans.
Credit Card Balances Cause Increase in Overall U.S. Consumer ...ACA International

all 2 news articles »

ABA Banking Journal (blog)

Consumer Credit Growth Surges in October
ABA Banking Journal (blog)
Consumer Credit Growth Surges in October. December 7, 2017. Consumer credit increased at a seasonally adjusted annual rate of 6.5% in October, up from a 6.1% rate in September. Total outstanding credit increased $20.5 billion during the month (compared ...
UPDATE: Consumer credit accelerated in October by largest amount in 11 monthsMorningstar.com
US Consumer Credit Increased by $20.52 Billion in OctoberFox Business
US Consumer Credit Jumps $20.5 Billion In October, More Than ExpectedNasdaq
ABC News -Interactive Investor
all 10 news articles »

Consumer Credit Market Expected to Remain Strong in 2018 Even ...
GlobeNewswire (press release)
CHICAGO, Dec. 13, 2017 (GLOBE NEWSWIRE) -- In spite of rising interest rates, the U.S. consumer credit market is poised to perform well in 2018, with well-managed delinquencies and continued wide access to credit across all products. TransUnion's (NYSE ...

and more »

The Independent

UK consumer credit growth slows to 18-month low | The Independent
The Independent
Growth in lending to British consumers cooled again in October to an 18-month low, according to data that may ease concerns among Bank of England officials concerned about the build up of household debt. Figures from the Bank of England on Wednesday ...
UK Consumers Kept on Borrowing in Month Before BOE Rate RiseBloomberg
Rapid UK consumer borrowing growth cools againReuters
UK Consumer Credit Growth Slows DownInvesting.com

all 5 news articles »

Sentinel-Standard

Credit Card Insider: 'Tis the season for credit card questions
Sentinel-Standard
Whether consumers are already finished, in the midst, or just starting their holiday shopping, chances are they used a credit card for some of their purchases this year. According to a TSYS study on consumer payments in 2016, 40 percent of consumers ...

and more »

The Guardian

UK consumer credit growth falls to 18-month low | Business | The ...
The Guardian
Decline will soothe Bank of England fears about reckless lending while household incomes are being squeezed.

and more »

The Independent

UK household appetite for mortgage borrowing and consumer credit slackens, shows data
The Independent
The group also reported that the annual rate of credit-card borrowing dipped to 5.1 per cent, down from 5.5 per cent in September. The growth rate of personal loan and overdraft borrowing fell further into negative territory, hitting minus 2.7 per cent ...

and more »

HedgeWeek

Italy's Carige to sell consumer credit arm to Chenavari - Reuters
Reuters
Italy's Banca Carige (CRGI.MI) aims to sell its consumer credit unit to London-based hedge fund Chenavari (CCSL.L) by Dec. 6 when a vital 560 million euro ($664 million) cash call ends.
Italy's Banca Carige to sell consumer credit business to ChenavariHedgeWeek

all 2 news articles »

Consumer credit - walking the regulatory tightrope
Lexology
When the UK Financial Conduct Authority ("FCA") took over responsibility for regulating consumer credit from the Office of Fair Trading ("OFT") in April 2014, it promised to crack down on substandard lending practices in a bid to protect consumers and ...


Wall Street Journal

Chinese Watchdog Renews Chase for Elusive Consumer Credit-Rating System
Wall Street Journal
HONG KONG—China's online-finance regulator plans to set up a personal credit-rating system, reinvigorating a three-year-long mission to find a homegrown answer to U.S. FICO scores as Beijing moves to clean up the country's internet lending sector ...

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