Sentences with phrase «credit by depository institutions»

The monthly increase in the holdings of revolving credit by depository institutions may indicate that lending activity is beginning to grow.

Not exact matches

Rather than the Fed pursuing a policy resulting in some steady rate of growth in the money supply, I would suggest that the Fed attempt to produce a steady rate of growth in the sum of the credit it creates and the credit created by depository institutions, i.e., commercial banks, savings associations and credit unions.

That circumstance is when the increase in transfer payments is funded by a corresponding increase in the sum of Fed and depository institution credit, i.e., total thin - air credit.

The majority of these debts originate from depository institutions (e.g. banks)- $ 823.7 billion is owed due to credit extended by these companies.

«Refund anticipation check» means a check, stored value card or other payment mechanism representing the proceeds of the consumer's tax refund that was issued by a depository institution or other person that received a direct deposit of the consumer's tax refund or tax credit and for which the consumer has paid a fee or other consideration.

Total Estimated Revolving Credit — These figures include credit cards and loans issued by banks, credit unions, depository institutions and finance compCredit — These figures include credit cards and loans issued by banks, credit unions, depository institutions and finance compcredit cards and loans issued by banks, credit unions, depository institutions and finance compcredit unions, depository institutions and finance companies.

A depository holding money in a trust account under this Part may not convey money in the account to the credit repair services organization that established the account or a representative of the credit repair services organization unless the credit repair services organization or representative presents a statement issued by the office of financial institutions indicating that R.S. 9:3573.5 (E) has been satisfied in relation to the account.

The final rule implements requirements and restrictions imposed by the Dodd - Frank Act concerning loan officer compensation; qualifications of, and registration or licensing of loan originators; compliance procedures for depository institutions; mandatory arbitration; and the financing of single - premium credit insurance.

The Registered Mortgage Professional designation is used by Mortgage Loan Originators who are an employee of a depository institution (including credit union) regulated by a federal banking agency (OCC, OTS, FDIC, FRB, NCUA), a subsidiary owned and controlled by a depository institution and regulated by a federal banking agency, or an institution regulated by the Farm Credit Administrcredit union) regulated by a federal banking agency (OCC, OTS, FDIC, FRB, NCUA), a subsidiary owned and controlled by a depository institution and regulated by a federal banking agency, or an institution regulated by the Farm Credit AdministrCredit Administration.

Although the holdings of depository institutions are split roughly evenly between non-revolving and revolving credit outstanding, the vast majority of consumer credit outstanding held by finance companies is non-revolving credit.

The Rule implements requirements and restrictions imposed by the Dodd - Frank Act concerning loan originator (MLO) compensation; qualifications, registration, or licensing of loan originators; compliance procedures for depository institutions; mandatory arbitration; and the financing of single premium credit insurance.