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March 2021 Consumer Credit Now Shows Some Year-over-Year Growth


Headline consumer credit expanded in March and was above expectations. Our analysis of the unadjusted data shows annual growth is now growing year-over-year.
Analyst Opinion of the Consumer Credit Situation
Student loan year-over-year growth rate was marginally grew but remains in an overall slowing trend.
Not only does this data set suffer from backward revision (at times moderate to significant enough to change trends -, but the use of compounding (projecting monthly change as annual change) by the Federal Reserve to determine consumer credit growth rates exaggerates the volatility in this data.
that the amount of consumer credit outstanding relative to consumer expenditures is at 21st-century highs. ....

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UK mortgage lending rises by most on record - BoE


By Reuters Staff
1 Min Read
LONDON, May 4 (Reuters) - British mortgage lending showed the biggest net increase on record in March, Bank of England data showed on Tuesday.
Mortgage borrowing rose by a net 11.8 billion pounds ($16.4 billion) in March, the strongest since the series began in April 1993, the BoE said.
British lenders approved 82,735 mortgages in March, down by about 5,000 from February, the BoE data also showed.
A Reuters poll of economists had pointed to 92,300 approvals. ($1 = 0.7205 pounds) (Reporting by William Schomberg and David Milliken) ....

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Irish consumer sentiment improves to 13-month high


By Reuters Staff
2 Min Read
DUBLIN, April 23 (Reuters) - Irish consumer sentiment climbed slightly to hit its highest in April since the onset of the COVID-19 pandemic, a survey showed on Friday, but recipients expressed caution about the long-term economic outlook.
The KBC Bank consumer sentiment index rose for a third month in a row to 77.9 in April from 77.1 in March, still short of the long-term series average of 86.8 but well above last April’s pandemic low of 42.6.
Ireland has gone from having one of the highest COVID-19 infection rates in Europe in January to one of the lowest today. ....

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Factbox: How Biden's agencies are picking apart Trump's Wall Street-friendly measures


(In first paragraph, fixes hyperlink to story)
FILE PHOTO: American flags hang from the facade of the New York Stock Exchange (NYSE) building after the start of Thursday s trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar
WASHINGTON (Reuters) -U.S. President Joe Biden s interim financial regulators are using a range of legal tools to quickly unravel here contentious measures passed under former President Donald Trump s administration, focusing on environmental, social and governance (ESG) issues, fair lending, and consumer protection.
Here are some of the key changes:
DEPARTMENT OF LABOR ESG RULES
Last month, the DOL said here it would not enforce a pair of highly contentious rules which curbed investments and shareholder votes based on ESG factors. ....

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