Some 31 percent of adults, or 76 million people, say they are struggling to get by, the Fed survey found.
Nearly half (45 percent) of co-signers have done so on behalf of a child or stepchild. Co-signing for a friend was a distant second at 21 percent.
These tough new rules would cover payday loans, auto title loans, deposit advance products, and certain high-cost installment loans.
These groups of potential buyers are finding it challenging to afford a home with surging prices and tight inventories.
U.S. credit card debt is on a path to reach $1 trillion this year, nearing the record high of $1.02 trillion set in January 2008, right before the financial meltdown.
In the past year, market rents have climbed at a faster rate in Los Angeles, Phoenix and Dallas than in any other major cities examined.
Overall, average mortgage rates slipped for the third consecutive week following disappointing April employment data.
The loans affected are those carrying repayment periods within 60 days of the date of issue, and those carrying annual interest rates of 36 percent or higher, Google said.
The inventory of “entry-level and middle-tier homes” is down sharply, and “home prices in those segments are rising more quickly as demand stays strong.
“Ongoing gains in home prices and sales are encouraging more homeowners to pursue larger-scale improvement projects.”