Topic: Consumer Credit and Debt
More work ahead on housing market: Treasury
Reuters US Online Report Business News
WASHINGTON (Reuters) - The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday. Michael Barr, the Treasury's assistant secretary for financial institutions, said in prepared remarks to state housing agency officials that ...
Consumer borrowing up in January after 11 declines
AP News
Consumer borrowing in January posts first gain in nearly a year, reflecting rise in auto loansConsumer borrowing broke a record stretch of declines with a small increase in January as a boost in auto loans offset continued weakness in credit card borrowing. The small gain, the first in nearly a ...
US consumer credit rises first time in a year
AFP Global Edition
Borrowings by Americans rose for the first time in a year in January, the Federal Reserve said Friday in a sign that the US economic recovery is on track. The central bank said that consumer credit rose 2.4 percent or 5.0 billion dollars from December to a total ...
Consumer credit posts first rise in a year
Reuters US Online Report Business News
WASHINGTON (Reuters) - Total U.S. consumer credit rose $4.96 billion in January, its first rise in a year and the largest for any month since mid-2008, Federal Reserve data showed on Friday. The unexpected monthly gain in outstanding consumer credit more than reversed a revised $4.57 billion drop ...
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