CONSUMER CREDIT Definition & Meaning

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consumer credit

noun

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

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�y��vlog History and Origins

Origin of consumer credit¹

First recorded in 1925–30

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Example Sentences

Examples have not been reviewed.

“President Trump announced during his campaign that he intended to put a 10 percent interest rate cap on consumer credit,” Warren told POLITICO.

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The post-pandemic increase in wages in no way can compensate for the last opportunity cost of a generation of flat or real wage loss that was replaced by predatory consumer credit and student loans.

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According to the DFPI, providers of earned wage access in California “have generally maintained that they are not subject to any existing consumer credit laws or regulations.”

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Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart’s consumer credit cards.

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The bureau is considering a rule to ban medical debt from consumer credit files.

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