Reference: Consumer Financial Protection Bureau (CFPB) Releases “Consumer Credit Trends” Data Dashboard
From the Consumer Financial Protection Bureau (CFPB):
The Consumer Financial Protection Bureau (CFPB) recently unveiled Consumer Credit Trends, a web-based tool to help the public monitor developments in consumer lending and forecast potential future risks. The beta version of the tool covers the mortgage, credit card, auto loan, and student loan markets.
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The beta version of the Consumer Credit Trends tool tracks originations for mortgages, credit cards, auto loans, and student loans. The CFPB plans to include other consumer credit products and information on credit applications, delinquency rates, and consumer debt levels. The tool also charts how specific groups of consumers are faring in financial markets. By tracking trends over time, it should help warn of potential problems lurking in a given market.
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The Consumer Credit Trends tool draws from a nationally representative sample of credit records maintained by one of the top three U.S. credit repositories. Before being provided to the CFPB, the records are stripped of any information that might reveal consumers’ identities, such as names, addresses, and Social Security numbers.
Direct to Consumer Credit Trends
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About Gary Price
Gary Price (gprice@gmail.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.