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US consumer debt jumped to nearly $4.1 trillion in May

A solid pace of credit growth can point to a positive outlook for consumer spending, which accounts for more than two-thirds of economic activity.

Despite rock-bottom mortgage rates, homebuying stalled in April. It shows how the housing recovery has left many out in the cold.

Home-buying is still a challenge for a large slice of American consumers and could put limits on the housing sector's growth potential.
It's too soon to panic, but a deeper drought in housing is bad news for just about everybody.

Americans stopped buying homes in 2018, mortgage lenders are getting crushed, and an economic storm could be brewing

The US housing market took a dark turn in 2018 as homebuying fell off a cliff and lenders saw a drop-off in applications, originations, and profits.
Consumer debt in Britain is growing at 9.8% a year, the Bank of England says.

The Bank of England says UK banks have fundamentally misjudged the quality of British consumer debt and might be heading into a £30 billion hole

The warning comes after the BoE recently expressed worries about the sustainability of the "PCP" car loan business.
RBS CEO Ross McEwan.

RBS is so worried about UK consumer debt that it is delaying launching a new low-interest credit card

"We just don’t think now is the right time, with consumer debt having grown so much," McEwan said.

‘It needs government involvement’: Britain’s top markets regulator is sounding the alarm on consumer credit

The FCA and its chief executive Andrew Bailey are "concerned about the sheer number of people who need loans to make ends meet."

Millennials have very different spending habits than their parents

They're signing up for many more personal and auto loans, according to TransUnion.

Banks are cutting back on lending to the riskiest borrowers

Lenders processed fewer new personal loans and credit cards for subprime borrowers year-on-year in Q2 for the first time since 2012.