While year-to-date auto loan growth rates have slowed compared to last year, totals for new credit and the number of new loans originated for auto purchases are at record highest, according to the latest Equifax National Consumer Credit Trends Report. Collection & Credit Risk
Student loan debt totals a record $ 1.2 trillion but the rampant growth could slow as the strengthening economy reduces the number of new loans, Deputy Treasury Secretary Sarah Bloom Raskin said Monday. Collection & Credit Risk
After two years of slimming down, Capital One Financial (COF) is finally seeing growth in its U.S. credit card loan portfolio. Collections - Credit Card
Economic growth will rebound in the second quarter, averaging 3.1% over the next six quarters, but the housing market may not be as strong due to constraints on lending, according to bank economists. News
The total limit of new credit for bank-issued credit cards led origination growth in January, followed by home equity revolving lines and auto lending, according to the latest Equifax National Consumer Credit Trends Report. Collections - Credit Card
