Consumer credit rockets $20.4 bln in November; biggest jump in a decade

Author: Jamie Coleman | Category: News
  • Non-revolving (car loans, student loans) credit up $14.8 bln
  • Revolving loans (credit cards, etc) up $5.6 bln

Banks may be easing their lending standards, a sign of a “return to normal”. A “new normal”, of course.

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