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June 2021 Credit Access Survey: Credit Applications Were Approved At A Higher Rate

June 2021 Credit Access Survey: Credit Applications Were Approved At A Higher Rate
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Consumer Credit Demand, Supply, And Unmet Need During The Pandemic

Consumer Credit Demand, Supply, And Unmet Need During The Pandemic from Liberty Street Economics It is common during recessions to observe significant slowdowns in credit flows to consumers. It is more difficult to establish how much of these declines are the consequence of a decrease in credit demand versus a tightening in supply. In this post, we draw on survey data to examine how consumer credit demand and supply have changed since the start of the COVID-19 pandemic. The evidence reveals a clear initial decline and recent rebound in consumer credit demand. We also observe a modest but persistent tightening in credit supply during the pandemic, especially for credit cards. Mortgage refinance applications are the main exception to this general pattern, showing a steep increase in demand and some easing in availability. Despite tightened standards, we find no evidence of a meaningful increase in unmet credit need.

IIRF- Israeli IR Forum and IHS Markit Survey Report Reveals Top Trends Impacting Israeli Investor Relations Pros

Digital revolution brings new ways of serving remote areas | Hellenic Shipping News Worldwide

Digital revolution brings new ways of serving remote areas The advancement of digitalisation is now bringing benefits to businesses in hard-to-reach locations, transforming the way they operate and making life easier for customers in remote areas inadequately served by terrestrial networks. As it unveils its connectivity solution, Voyager Edge, IEC Telecom says satellite-based solutions can bridge the digital divide and enable remote communities to have equal communication opportunities and to access the services that many city residents are able to take for granted. “With today’s digital technology it is possible to conduct business in areas which were previously not linked to communications networks or where connectivity levels were poor. Imagine being able to transport your office, bank, or service directly to the communities that need you and carry out day-to-day operations without the need to install communications towers or expensive infrastructure,” outlines Nabil Ben

February 2021 Credit Access Survey Improves

February 2021 Credit Access Survey Improves The February 2021 survey shows most credit application and acceptance rates improving from the last survey. z sce credit.png Survey: Experiences The rate of applying for one or several types of credit over the past twelve months rebounded to 45 percent in February 2021 from 35 percent in October 2020. The increase was broad-based across loan types and credit score groups, although it was largest for mortgage refinance applications. The mortgage refinance application rate reached a new series high of 25 percent (of households with a mortgage), up from 16 percent in October 2020. The overall rejection rate for credit rose slightly from 18 percent to 19 percent, the highest reading since October 2018. Rejection rates for new credit card applications and for requests for credit card limit increases reached new series highs, while those for auto loans were at a series low.

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