Regulations News

11 April 2026

Consumer credit health hit hard by gambling, NY Fed report says

Consumer credit health hit hard by gambling, NY Fed report says

A recent staff report by the New York Fed is highlighting the impact of gambling on consumer credit health, with concerns it is leading to financial instability in the average American household. Using anonymized transaction-level consumer spending data, it found: “Following legalization, delinquency rose steadily in legal counties.”

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