Q2 Industry Insights: Higher Monthly Expenses for Consumers, Regulatory Guidance for Financial Institutions
True Accord
JULY 13, 2023
Debt increases showed up across almost all categories, with larger balances for mortgages , home equity lines of credit, auto loans, student loans , retail cards and other consumer loans. The CFPB also reports that approximately 2.5 9%) to $17.05 And demand for more credit continues, which will drive household debt balances up farther.
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