Central Bank of the Republic of Turkey Revokes Trpos's Operating License
It was reported that Trpos's operating license has been revoked in accordance with the decision made by the Central Bank of the Republic of Turkey.
The Central Bank of the Republic of Turkey announced that it has officially revoked the operating license of Trpos. While this development drew attention in the financial world, consumer credit data in the US was also released during the same period.
Operating License Revoked
The Central Bank of the Republic of Turkey announced that it has been decided to revoke the operating license of Trpos.
US Consumer Credit Shows Increase
According to July data released by the Federal Reserve, consumer credit recorded an increase above expectations.
During the period in question, consumer credit increased by $18.1 billion compared to the previous month, reaching $5.19 trillion.
Changes in Credit Types
In July, revolving credits such as credit cards and similar accounts increased by $2.8 billion.
The increase in non-revolving credits, such as automobile and student loans, stood at $15.3 billion.