consumer finance


The division of retail banking that deals with lending money to consumers. This includes a wide variety of loans, including credit cards, mortgage loans, and auto loans, and can also be used to refer to loans taken out at either the prime rate or the subprime rate.

Use consumer finance in a sentence

You should try and be as knowledgeable about consumer finance as you can be so that you will do the best you can.

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The consumer finance department of UMB Bank Shares was responsible for processing all credit card, mortgage and auto loan applications.

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Many people see the field of consumer finance as a murky swamp filled with different rules and regulations, but if looked at carefully the information on things such as loans, credit and borrowing can be easily and simply understood.

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consumer equilibrium consumer finance company