Tag Archives: consumer credit

Consumer Credit Growth Slowed in August

Consumer credit increased at a seasonally adjusted annual rate of 4.2% in August, down from a downwardly revised 5.7% rate in July. Total outstanding credit increased $13.1 billion during the month (compared with $17.7 billion in July) to $3.77 trillion. Revolving credit, largely a reflection of credit card debt, grew at an annual rate of 7.0% to $1.0 trillion, compared ...

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Consumers’ Spending Expectations Increase

Americans’ expectations for how much more they will spend in the next year were at 3 percent in August, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations.

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Consumer Credit Growth Accelerated in July

Consumer credit increased at a seasonally adjusted annual rate of 5.9% in July, up from a downwardly revised 3.8% rate in June. Total outstanding credit increased $18.5 billion during the month (compared with $11.9 billion in June) to $3.75 trillion. Revolving credit, largely a reflection of credit card debt, grew at an annual rate of 3.2% to $1.0 trillion, compared ...

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Consumer Credit Growth Slowed in June

Consumer credit increased at a seasonally adjusted annual rate of 3.9% in June, down from a revised 5.7% rate in May. Total outstanding credit increased $12.4 billion during the month (compared with $18.3 billion in May) to $3.86 trillion. Revolving credit grew at an annual rate of 4.9% to $1.0 trillion, compared to an 8.2% increase in May. Non-revolving credit ...

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Consumer Credit Growth Accelerated in May

Consumer credit increased at a seasonally adjusted annual rate of 5.8% in May, up from a revised 4.1% rate in April. Total outstanding credit increased $18.4 billion during the month (compared with $12.9 billion in April) to $3.84 trillion. Revolving credit grew at an annual rate of 8.7% to $1.0 trillion, compared to a 1.4% increase in April. Non-revolving credit ...

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Trade Groups Call for Further Clarification to MLA Rules

ABA and six other financial trade groups wrote to the Department of Defense on Friday urging the department to take additional steps to clarify inconsistencies and confusion that still surround the amended Military Lending Act rules and a subsequent interpretive rule issued by DOD.

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