It Pays to Shop Around for Student Loans Topping the $1.5 trillion mark, student loan debt is now the second highest type of household debt (after mortgages) in the U.S. Along with the burgeoning growth of student debt is a…
Month: February 2020
Consumer Debt Reaches New Record High
Consumer Debt Reaches New Record High After five straight years of continued growth, U.S. consumer debt passed $14 trillion at the end of 2019, a new record high, according to the Federal Reserve Bank of New York (FRB). Consumer debt…
Consumer Debt Increases at Community Banks
Consumer Debt Increases at Community Banks Total loans and leases grew 4.6% at the nation’s banks during the 12 month period ending September 30, 2019. While Commercial and Industrial loan growth led the way at an annual rate of 6.3%,…
Location Should Not Determine Banking Access
Residential lending is a pillar supporting economic growth in the U.S. and community banks are the base of that pillar. The Conference of State Bank Supervisors (CSBS) puts it this way: “Community banks offer tailored mortgages to homebuyers in local…