Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%.
IRVINE, Calif., Jan. 9, 2024 /PRNewswire/ -- U.S. consumers received just under 3.8 billion robocalls in December, representing a 16.3% decrease from November's volume, despite an additional day in the month. December averaged 121.6 million robocalls/day and 1,407 robocalls/second, a full 19% lower than November's average of 150.2 million robocalls/day and 1,738 robocalls/second.
The Office of the Comptroller of the Currency (OCC) today published answers to frequently asked questions (FAQ) about the State Small Business Credit Initiative 2.0 (SSBCI) based on the facts and circumstances presented in the questions. These FAQs are not regulations and do not have the force and effect of law.
The numbers: Total consumer credit rose $23.7 billion in November, up from a $5.8 billion increase in the prior month, the Federal Reserve said Monday. That translates into a 5.7% annual rate, up from a revised 1.4% rise in the prior month.
The latest data from the Federal Reserve, released Monday (Jan. 8) showed that overall credit was up 5.7%, annualized. And within that headline number, revolving credit, which includes credit card debt, leapt in November at an annualized pace of 17.7%.
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