Consumer finance new business falls by 64% in April 2020

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in April 2020 by 64% compared with the same month in 2019, and decreased by 19% in the first four months of 2020.
Credit card and personal loan new business together fell in April 2020 by 48% compared with the same month in 2019, while retail store and online credit new business was 30% lower over the same period.

Source: FLA
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