Citigroup is also selling off or unwinding billions in consumer loan portfolios and shifting its mortgage focus to the highest end of the consumer market.
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In the case of Credit Agricole, local subsidiary Emporiki is the chief concern, with a consumer loan book of 21.1 billion euro as of March 31.
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Since 2009 Yorkville Advisors has been an eligible borrower under the Term Asset-Backed Loan Program, or TALF, created by the Federal Reserve to support the consumer loan market.
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Three brothers inherited father's consumer loan outfit Acom.
The TALF was created by the Fed to lure capital from the sidelines to support the consumer loan market by extending credit to investors for the purchase of certain designated securities backed by student loans, auto loans, and credit card debt.
Consumer-loan originations are expected to climb 5.9% this year, much higher than the slim 1.1% increase in 2010.
And without new mortgages, the consumer-loan volumes alone make it difficult for companies such as Springleaf to keep so many stores open.
Strikingly, the Fed's loan-officer survey showed that 70% of respondents expect the quality of their credit-card and other consumer-loan portfolios to get worse.
The consumer-loan uptick is most pronounced in the auto sector, where the dollar value of loans originated last year topped the 2009 total, Equifax estimates.
The Consumer Financial Protection Bureau (CFPB), brought to life by Dodd-Frank, announced on July 16th that it will start regulating credit-reporting bureaus, such as Equifax, which help determine whether a consumer gets a loan.
Lenders thought they could make money on a loan even if the consumer could not pay back that loan, either by banking on rising housing prices or by off-loading the mortgage into the secondary market.
Falling employment causes both lower consumer spending and more loan defaults.
If an economic downturn is ahead, increased loan defaults and consumer pullbacks will harm the bank's main engine.
As of June 2010, student loan debt currently exceeds consumer credit card debt.
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Thus, barring any unforeseen catastrophic circumstances that cannot be anticipated at loan approval, a consumer can be relied upon to repay their mortgage back on time.
Unlike credit scoring systems (like Fico) that can't see the layer of activity below credit card and loan payments, Fiserv tracks consumer accounts, debit card payments and online bill-pay habits.
Finally, these reforms include a new Consumer Financial Protection Agency to prevent predatory loan practices and other abuses to ensure that consumers get clear information about loans and other financial products before they sign on the dotted line.
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Now, improving consumer confidence and a thawing in the auto loan market has helped fuel the rebound that has now seen sales increase for seven straight months.
The Asia-focused bank said Wednesday that operating profit was "slightly down" in the first three months of 2013 from the same 2012 period because of tighter loan margins, a rise in souring consumer loans and lower income from its own investments.
John Lamidey, chief executive of the Consumer Financial Association which represents the eight largest payday loan lenders, said most long-term debt was on credit cards and bank overdrafts and he advised anyone with long-term debt to go to Citizens Advice (CAB).
Residential mortgages, credit cards and other consumer services make up only 18% of Zions' loan portfolio.
Last month, the Consumer Credit Counselling Service (CCCS) said that the cost of consumer credit licences should be raised in order to deter loan sharks and other unscrupulous lenders.
The biggest new entrants, the banks, have come in mainly by buying stakes in consumer-lending companies, which have an expertise in assessing loan risk that far outstrips their own.
The Consumer Finance Association (CFA), which represents the main loan companies, says the industry's new code of practice has brought in more robust affordability tests and increased transparency about charges.
Meanwhile, the Consumer Council has advised Ulster Bank customers not to use high interest loan companies to borrow money while the bank clears its backlog.
The plunge was due came after the government released disappointing job numbers, amidst financial markets already nervous over home loan defaults and a tumultuous credit market, and a consumer fretting slipping home values, and rising food and energy prices.
But Consumer Minister Ed Davey said tougher measures could push people into the hands of illegal loan sharks.
The Consumer Council has advised those affected to persist with their bank rather than turning to loan companies.
With consumer-backed loans, particularly with mortgages, the rate of prepayment on the loan is rather predictable depending on current interest rates and economic conditions.
Watchdog Consumer Focus also said that it was concerned that some businesses - notably some payday loan companies - had taken larger amounts than agreed with their customers.
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