US Consumer Borrowing Expanded $20.5 Billion in March

May 7, 2015 7:03 PM

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Consumers increased their borrowing in March by the largest amount in nearly a year as borrowing on credit cards rebounded following two months of declines.

The Federal Reserve reports that consumer borrowing expanded by $20.5 billion in March to a fresh record of $3.36 trillion. It was the largest increase since a $26.7 billion surge in April 2014.

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