The American Financial Services Association (AFSA) has announced that the latest Federal Reserve Senior Loan Officer Opinion Survey indicates a modest net increase in banks' willingness to issue nonresidential consumer installment loans compared to the previous quarter. This information was shared in a statement on the AFSA website.
According to the Federal Reserve, the October 2025 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) gathers data from 65 domestic banks and 16 U.S. branches and agencies of foreign banks. The survey assesses changes in lending standards, loan terms, and credit demand during the third quarter, offering detailed insights into business, real estate, and household credit, including nonresidential consumer installment loans.
The Federal Reserve's Senior Loan Officer Opinion Survey includes a dedicated series that tracks the net percentage of domestic banks reporting an increased willingness to make consumer installment loans. This data is compiled from quarterly responses dating back to 1982 and is published via the St. Louis Fed’s FRED database. It allows analysts to compare current bank willingness to extend consumer installment credit against historical credit cycles spanning over four decades.
To aid in analyzing lending conditions, the Federal Reserve provides SLOOS historical data through its Data Download Program. This program offers machine-readable time series data, enabling market participants and researchers to monitor shifts in credit supply across various loan categories and bank types from the early 1980s through the latest quarter.
Founded in 1916, AFSA serves as the primary national trade association for the consumer credit industry. It represents providers of traditional installment loans, vehicle finance, mortgages, credit cards, and other consumer credit products. AFSA advocates for protecting access to credit and consumer choice while providing its members with policy analysis, advocacy, and industry resources from its headquarters in Washington, D.C.