• Credit Applications Nearly Reach Pre-Pandemic Levels

    1 month ago - By RIS Media

    Consumer applications for auto loans, new mortgages and revolving credit cards had mostly returned to pre-pandemic levels by May 2021, according to the Consumer Financial Protection Bureau .
    The CFPB says prime and near-prime consumers are driving this recovery.
    Key findings:
    - New mortgage credit inquiries experienced a smaller drop in March 2020 compared to other types of inquiries and then surged.
    - Inquiries have subsequently exceeded their usual, seasonally adjusted volume by 10 to 30 percent, reflecting the unusually high activity in the mortgage market throughout the pandemic...
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  • Celebrating 10 years of consumer protection

    1 month ago - By Consumer Finance

    Today is the 10th anniversary of the Consumer Financial Protection Bureau. The CFPB is proud to celebrate 10 years of protecting consumers, and looks forward to the next decade.
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