Consumer credit

RECENT NEWS  Feb 9  Comment 
WASHINGTON (dpa-AFX) - Household debt in the US increased substantially by 1.8% or $226 billion to $12.58 trillion during the fourth quarter of 2016, according to a report from Federal Reserve Bank of New York. The figure marks the largest...  Feb 7  Comment 
WASHINGTON (dpa-AFX) - After reporting a sharp increase in U.S consumer credit in the previous month, the Federal Reserve released a report on Tuesday showing that consumer credit rose by less than expected in December. The Fed said consumer...
Financial Times  Jan 22  Comment 
Head of retail David Oldfield targets areas where bank is under-represented
Mondo Visione  Jan 17  Comment 
Mr Dharam Prakash Gopee has today, 17 January 2017, appeared at Westminster Magistrates Court charged with offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000.  These charges arise from an...
MarketWatch  Jan 9  Comment 
Consumer credit expanded at a seasonally adjusted annual rate of 7.9%, or $24.6 billion, in November, the Federal Reserve reported. Revolving credit like credit cards jumped 13.5% while nonrevolving credit such as car and student loans rose...
SeekingAlpha  Jan 9  Comment 
Reuters  Jan 4  Comment 
Reuters - British consumer borrowing picked up pace to grow at its fastest rate in more than 11 years in November, and the mortgage market retained solid momentum, Bank of England figures showed on Wednesday.  Dec 7  Comment 
WASHINGTON (dpa-AFX) - A report released by the Federal Reserve on Wednesday showed U.S. consumer credit increased by less than expected in the month of October. The report said consumer credit increased by $16.0 billion in October after climbing...


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Consumer credit is credit extended specifically for personal or household use.

Consumer credit is credit referring specifically to credit extended for personal or household use by individual consumers and their families. This differs from, say, business or bank credit, which is used by corporations or banks.

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