The Richmond Fed Probes Consumer Credit Access, Health and Debt Trends in the District of Columbia
June 18, 2019
June 18, 2019
RICHMOND, Virginia, June 18 -- The Federal Reserve Bank of Richmond issued the following news release:
Consumers in the District of Columbia's low-income communities are up to four times more likely to have subprime credit than consumers in higher-income communities, and their credit health is worsening. What is behind this trend? The Federal Reserve Bank of Richmond's D.C. Consumer Credit Report provides insights into the factors driving differences in community growth and income i . . .
Consumers in the District of Columbia's low-income communities are up to four times more likely to have subprime credit than consumers in higher-income communities, and their credit health is worsening. What is behind this trend? The Federal Reserve Bank of Richmond's D.C. Consumer Credit Report provides insights into the factors driving differences in community growth and income i . . .