consumer credit

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noun

credit extended by a retail store, bank, finance company, or other lender, chiefly for the purchase of consumer goods.

QUIZ

THINGAMABOB OR THINGUMMY: CAN YOU DISTINGUISH BETWEEN THE US AND UK TERMS IN THIS QUIZ?

Do you know the difference between everyday US and UK terminology? Test yourself with this quiz on words that differ across the Atlantic.

Question 1 of 7

In the UK, COTTON CANDY is more commonly known as…

Origin of consumer credit

First recorded in 1925–30

It also put in place new rules designed to protect consumers from predatory terms attached to student loans, mortgages and consumer credit.
Senate confirms Rohit Chopra to lead Consumer Financial Protection Bureau|Aaron Gregg|September 30, 2021|Washington Post
The fair credit report act ensures fairness, accuracy, and privacy in consumer credit files.
Americans Are Trying To Build Their Credit Post Pandemic – Here’s How You Can Too|Kimberly Wilson|September 30, 2021|Essence.com
Before the pandemic, consumer credit card debt grew for eight consecutive years, reaching a record high of $829 billion in 2019, according to data collected by Experian, one of the three major credit bureaus.
With vaccinations underway, the economy needs consumers to spend again. But don’t, if you have debt.|Michelle Singletary|February 26, 2021|Washington Post
The study, published in JAMA Internal Medicine, is described by the researchers as one of the first of its kind to connect the health data of more than 80,000 Medicare beneficiaries with federal consumer credit reports.
Dementia may cause major financial problems long before diagnosis, making early detection critical|Allyson Chiu|November 30, 2020|Washington Post

It seems that every week, there is another startup launching a consumer credit card, or a new debt product, or another savings app designed to help consumers with their finances.
Gusto is expanding from payroll into a full suite financial wellness platform|Danny Crichton|September 30, 2020|TechCrunch
Tax breaks to selected manufacturers like automakers, and dollops of consumer credit, have jammed the malls and snarled traffic.
Can Dilma Rousseff Recover?||August 24, 2013|DAILY BEAST
Consumer credit, on the other hand, rose for the eighth straight quarter, this time at an annual rate of 4.5 percent.
Fed Data: Are We Richer Than We Thought?|Matthew Zeitlin|December 6, 2012|DAILY BEAST
Consumer credit fell steeply in 2009 and has been barely flat through 2010.
Are We Headed for Another Global Crash?|Charles R. Morris|May 24, 2010|DAILY BEAST
First, to continue the power to control consumer credit and enlarge the power to control bank credit.
State of the Union Addresses of Harry S. Truman|Harry S. Truman