Consumer credit up $14.6 billion, slowest in 3 months. slowed to growth at an annual rate of 2.1% in the April-June quarter, compared to 3.1% gdp growth rate in the first quarter.

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The economy in the U.S. grew. Bloomberg News. Forecasts ranged from 1.5 percent to 3.9 percent. The world’s largest economy expanded 1.7 percent for all of 2011, down from 3 percent a year earlier..

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UK consumer borrowing growth cools to slowest pace since 2015. Total consumer credit, which includes both personal loans and overdrafts as well as credit cards, grew at an annual rate of 3.9 per cent, the slowest rate since January 2015. Tuesday’s figures add to evidence that the UK’s debt-driven consumer spending boom may be losing momentum as real wages recover and households repair their squeezed finances.

WASHINGTON (AP) – Consumer borrowing slowed in June to the smallest increase in three months as a jump in auto loans and student loans was offset by a big drop in borrowing on credit cards. Consumer credit up $14.6 billion, slowest in 3 months | WBEN 930am

British consumer spending increased at the slowest annual pace in more than three years in the first three months of 2017, in a further sign that one of the economy’s main engines is losing steam.

UK savings grow at slowest rate since crisis while credit card borrowing surges. The total amount held in cash ISA accounts also fell by 0.9bn over the month, the fifth successive month of declines. The figures cover deposits at the UK’s seven largest high street banks – Lloyds, Santander, TSB, Barclays, HSBC,

California man found guilty in $5.8 million mortgage fraud scheme A California man who participated in a mortgage fraud scheme that resulted in losses to lenders of approximately .5 million has plead guilty to a charge of conspiracy to commit wire fraud.

Consumer credit up $14.6 billion, slowest in 3 months August 8, 2019 Finance Comments Off on Consumer credit up $14.6 billion, slowest in 3 months Consumer borrowing slowed in June to the smallest increase in three months as a jump in auto loans and student loans was offset by a big drop in borrowing on credit cards.

Americans reined in student debt, but credit-card debt picked up. Outstanding consumer credit, a measure of all debt besides mortgages, rose by $13.95 billion, or at an annual 4.8% rate in November, the Federal Reserve said Friday. That is a tapering from October, when it rose at a downwardly revised annual rate of 5.4%, and the slowest pace since January 2015. It is a sharp drop from September’s.