Consumer Finance

From Open Risk Manual
Revision as of 15:13, 22 March 2021 by Wiki admin (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Definition

Consumer Finance (also Retail Banking) denotes all financial service provision towards individual (retail) clients. Finance provided to individual and household consumers, such as mortgages and motor vehicle loans.

Issues and Challenges

  • The use of the term is loose. It implies that all borrowing by individuals is for consumption purposes which need not be the case