Banks Tightening Credit Standards, According to Fed Survey
Banks Tightening Credit Standards, According to Fed Survey The most recent quarterly senior loan officer opinion survey from the Federal Reserve found banks reporting both weaker demand and stricter standards for commercial and industrial real estate, consumer loans,...
TransUnion Report Finds Consumers Looking to Credit Products to Make Ends Meet
TransUnion Report Finds Consumers Looking to Credit Products to Make Ends Meet A recent TransUnion report highlighting credit activity in Q4 of 2022 found that credit card balances hit a record $931 billion, which increased 18.5 percent from the fourth quarter of... Banks to CFPB: Rule to Cut Late Fees Requires Small Business Review
Banks to CFPB: Rule to Cut Late Fees Requires Small Business Review Small community banks and credit unions have recently stated that they will be forced to sue the Consumer Financial Protection Bureau (CFPB) if their plan to cut credit card late fees to $8 goes into...
