Latest Consumer credit News

FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. U.S. consumers increased their borrowing in September 2020, helped by the first gain in the category that covers credit cards in seven months. The Federal Reserve  Reserve reported that total borrowing rose by $16.2 billion in September, rebounding after a drop of $6.9 billion in August.  (AP Photo/Jenny Kane, File)

US consumer borrowing up $16.2 billion in September

Nov. 6, 2020 3:53 PM EST

WASHINGTON (AP) — U.S. consumers increased their borrowing in September, helped by the first gain in the category that covers credit cards in seven months. The Federal Reserve reported that total borrowing rose by $16.2 billion in September, rebounding after a drop of $6.9 billion in August. The increase...

A woman walks past a personal finance loan office Thursday, Oct. 1, 2020, in Franklin, Tenn.  U.S. consumers cut back on their borrowing in August, with credit card use dropping for a sixth straight month, reflecting caution in the midst of the pandemic-triggered recession. The Federal Reserve said Wednesday, Oct. 7,  that total borrowing fell by $7.2 billion after a gain of $14.7 billion in July. (AP Photo/Mark Humphrey)

US consumer borrowing fell by $7.2 billion in August

Oct. 7, 2020 5:42 PM EDT

WASHINGTON (AP) — U.S. consumers cut back on their borrowing in August, with credit card use dropping for a sixth straight month, reflecting caution in the midst of the pandemic-triggered recession. The Federal Reserve said Wednesday that total borrowing fell by $7.2 billion after a gain of $14.7 billion...

The Federal Reserve says consumer borrowing fell by $7.2 billion in August as credit card use dropped for 6th month

Oct. 7, 2020 3:15 PM EDT
WASHINGTON (AP) — The Federal Reserve says consumer borrowing fell by $7.2 billion in August as credit card use dropped for 6th month.