Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Friday, December 16, 2016

CFPB Releases New Consumer Credit Tracking Tool

The CFPB has released a new web-based tool to help consumers monitor developments in consumer lending markets, including mortgage, credit cards, auto loans and student loans. The Consumer Credit Trends tool, which pulls its data samples from the credit records of one of the top three nationwide credit bureaus, will be updated regularly with new information and analyses on notable findings, the CFPB said. Director Richard Cordray added that the bureau will use this information to track consumer financial markets and identify trends that could warn of another crisis.

The first set of data – which examined consumer lending activity between August and October – showed a year-over-year uptick in mortgage originations and in credit card lending, particularly among lower-income consumers. Higher-risk auto loans decreased overall, and student lending was also down 1.3% over the same period last year.

Access the tool.

No comments:

Post a Comment

Please read our comment policy before making a comment.