BRIEFLY: Reminder — KY examiner school next week; Report — Credit card limits plummeted during pandemic for higher-score borrowers

(Aug. 13, 2021) Just a reminder that state credit union examiners from around the country can participate in Monday’s (Aug. 16) Kentucky Examiner School, developed to help examiners build skill sets and enhance their knowledge around a core area of topics. The program starts 9 a.m. and runs until 4 p.m., ET; cost is $200 for NASCUS member examiners. See link below for registration information … Credit card account limits declined overall during the COVID pandemic – the largest declines being for high-credit-score borrowers – though a spike in account closures early in the pandemic began a decline after May 2020 that continued through at least May 2021, the CFPB said this week. According to the bureau, credit limits for prime and near prime borrowers broke with their previous upward trend and largely flattened out beginning in March 2020; they began to grow more quickly beginning in February 2021. At the other end of the credit spectrum, the bureau reported, credit card limits for subprime and deep subprime borrowers changed little during the pandemic.


Agenda, registration, KY Examiner School Virtual Event

Credit card limits are rising for most groups after stagnating during the pandemic