U.S. consumers took on more debt in November to buy cars and attend school, but stayed cautious with their credit cards.
U.S. consumers took on more debt in November to buy cars and attend school, but stayed cautious with their credit cards.
The Federal Reserve said Tuesday that consumers increased their borrowing in November by $16 billion from October to a seasonally adjusted record of $2.77 trillion.
Borrowing that covers autos and student loans increased $15.2 billion. A category that measures credit card debt rose by just $817 million.
News Tribune news services
Discover Financial Services on Thursday reported higher earnings for its fiscal fourth quarter, as users of its namesake credit card stepped up purchases and the company wrote off fewer unpaid balances.
F
The Idaho Statesman has learned that someone posing as an Idaho Statesman employee has been calling people who placed a classified ad.
F
American Express and Walmart announced Tuesday that their prepaid debit card accounts will now be backed by the Federal Deposit Insurance Corp., making them one of the last major providers to sign on to the government backstop.
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.