Consumers Get Choosier About Credit

T2Covered by 1 source · first reported by PYMNTS at 07 Oct, 20:38 UTC

Consumer credit is still growing, but consumers eased off the form of borrowing they can adjust most readily from month to month. Federal Reserve data released Wednesday (Oct. 7) show consumer credit expanded at a seasonally adjusted annual rate of 1.9% in August, less than half July’s revised 4.1%…