Robust consumer spending is fuelled by credit growth, report says
SRO panel found the rep opened banking products, including a line of credit, in the client's name
HELOC balances declined, mortgage growth slowed in September
Amid higher interest rates, rising debts, payment struggles surge
Bank allegedly denied credit to customers of Armenian descent
Margin pressures, slowing loan growth and rising capital demands to continue
Credit card balances also swelled, while HELOCs shank, the agency said
Households to curtail spending amid softer labour markets, easing wage growth
If high rates persist, fraudulent activity could accelerate
Outstanding mortgage and credit card balances rise