Bankrate survey finds 50% of Americans who’ve applied for a loan or financial product since March 2022 have been denied.
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Tagged: Credit
Half Of All Loan Applicants Denied Since 2022 Rate Hikes
Millennial And Gen Z Borrowers Climb The Credit Tier Ladder
30% of millennials and Gen Zers moved up credit tiers within the past two years, more than older consumers.
Mar 25, 2024
ABA Says Credit Crunch Looms
Q4 2023 American Bankers Association Index indicates a cautious economic outlook for both consumers and businesses.
Sep 27, 2023
CFPB Issues Guidance On AI In Credit Underwriting
Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.
Sep 19, 2023
May 16, 2023
TransUnion: Mortgage Originations Near Record Low, Balances Hit Record High
In Q4 2022, originations fell 65% year over year, the largest decline since TransUnion began tracking it.
May 11, 2023
Apr 11, 2023
Rocket Launches Visa Signature Card
Rocket says its first-of-its kind credit card will help clients save on home purchases and homeowners pay off mortgages.
Mar 27, 2023
Mar 22, 2023
Report: RMBS Credit May Bend, But Not Break
DBRS Morningstar anticipates lending volumes will be lower and credit performance will begin to slip.
Jan 06, 2023