ConsumerBorrowing

US Consumers Upped Their Borrowing in March

U.S. consumers swiped their credit cards more often in March and took out more loans to attend school, driving overall borrowing up by the most in more than a decade. Total consumer borrowing rose $21.4 billion in March, the Federal Reserve said Monday. That's the seventh straight monthly increase and the largest since November 2001.

Consumer Borrowing Up, But Credit Card Use Falls

Americans borrowed more in September to buy cars and attend college, but they cut back on using their credit cards for a third straight month. The latest data suggest consumers are being cautious about taking on high-interest debt in the weak economy.