consumer debt

Consumer borrowing rose in March at the fastest pace in four months, more than double the increase of the previous month, in what was seen as a sign of rising economic stress.

The Federal Reserve reported Wednesday that consumers increased their borrowing at an annual rate of 7.2 percent, compared with a 3.1 percent rate of increase in February.

VPR has a new interview on how more needs to be done to bring more accountability and transparency for the credit card industry.

Fees such as these and interchange are getting a closer look from Congress, but more still needs to be done.

According to the Bank of England, the amount of consumer debt within the UK now exceeds £1,409bn. Of this, £1,185.3bn was secured on dwellings and £223.7bn was consumer credit (e.g. credit cards; unsecured loans).

More on these figures are available from the Bank of England.