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12/16/2016

Regulators

CFPB Issues Tool to Forecast Potential Consumer Risks

The Consumer Financial Protection Bureau unveiled a web-based tool to help the public monitor developments in consumer lending and forecast potential future risks. The first release of the Consumer Credit Trends tool shows a sharp uptick in mortgage originations, growth in credit card lending to lower-income consumers, fewer auto loans to borrowers with lower credit scores, and a slight slowdown of new student loans.

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