Consumer Credit in U.S. Jumps as Auto Lending Strengthens

Consumer borrowing in the U.S. surged again in May as Americans took out more loans to purchase cars. The $19.6 billion increase in credit followed a revised $26.1 billion gain in April, Federal Reserve figures showed today in Washington. Non-revolving lending, which includes auto and school loan…

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Consumer Credit in U.S. Jumps as Auto Lending Strengthens

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