A turbulent stock market, rising interest rates and the government shutdown didn’t do much to curb borrowing. Americans continued putting more money on their credit cards and taking out more loans for school and autos in December. Consumer credit grew…
The Big Book
The modern credit economy mostly works, author Josh Lauer says.
Consumer credit reporting agencies are going to start eliminating some information from credit reports that might reflect negatively on would-be borrowers. Some of that information has been prone to errors in the past, and consumer advocates argued it was unfair…
U.S. banks are lending to customers at the fastest pace in more than 10 years.
Some banks may be lending to consumers who shouldn't be borrowing.
Individuals would still have to go through arbitration.
We're borrowing more, but neither as much as economists had hoped, nor for the kind of thing that will help the economy.