Consumer Lending Grows, Along With Risks
According to a recent release from the Federal Reserve Board, outstanding consumer credit grew by a seasonally adjusted annual rate of 6.9 percent over the year of 2014, the NAHB reports.
At the end of 2014, there was $3.3 trillion in consumer credit outstanding. Despite the expansion of consumer credit last year, assessment of banks on the quality of consumer loans has declined.
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