News Source: United Press International
| 2 months ago
Outstanding consumer credit fell by $26.1 billion in July, far greater than economists predicted, the U.S...Revolving credit, including credit card loans, fell $6.1 billion, while non-revolving credit dropped $15.4 billion. On an annual basis, credit...
News Source: CNN
| 2 months ago
Total U.S. consumer credit fell by a record $21.6 billion in July, Federal Reserve data showed on Tuesday, while June's decline was bigger than previously thought. July consumer credit outstanding fell at a 10.4% annual rate to $2.47 trillion,...
News Source: MarketWatch
| 2 months ago
U.S. consumers reduced their credit burden by a record amount in July, the Federal Reserve reported Tuesday. Total seasonally adjusted consumer debt fell $21.55 billion, or at a 10.4% annual rate, in July to $2.47 trillion...Consumers have retrenched...
News Source: International Business Times
| 2 months ago
The ratings agency's credit card quality index, which measures credit card loans that banks do not expect to be repaid, fell to 9.8 percent in July from a record high of 10.4 percent in June, helped by more cautious consumer spending. Analysts have...