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Consumer borrowing up in January after 11 declines (AP)

Posted on March 5th, 2010
AP - Consumer borrowing broke a record stretch of declines with a small increase in January as a boost in auto loans offset continued weakness in credit card borrowing.

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Consumer credit posts first rise in a year (Reuters)

Posted on March 5th, 2010
Reuters - Total U.S. consumer credit rose $4.96 billion in January, its first rise in a year and the largest for any month since mid-2008, Federal Reserve data showed on Friday.

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US consumer credit rises first time in a year (AFP)

Posted on March 5th, 2010

US Federal Reserve in Washington, DC. Borrowings by Americans rose for the first time in a year in January, the Federal Reserve said Friday in a sign that the US economic recovery is on track.(AFP/File/Karen Bleier)AFP - Borrowings by Americans rose for the first time in a year in January, the Federal Reserve said Friday in a sign that the US economic recovery is on track.


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Treasury restates support for Fannie, Freddie (AP)

Posted on March 5th, 2010
AP - The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not enjoy the explicit guarantee of the federal government.

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Wall St rallies on jobs data, consumer credit (Reuters)

Posted on March 5th, 2010

Traders work on the floor of the New York Stock Exchange, February 18, 2010. REUTERS/Brendan McDermidReuters - Stocks jumped and the Nasdaq hit an 18-month closing high on Friday as U.S. employers cut fewer jobs than expected last month and consumers showed signs of shedding their penny-pinching ways.


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Summary Box: Consumer borrowing up in January (AP)

Posted on March 5th, 2010
AP - BORROWING UP: Consumer credit rose by $4.96 billion in January, breaking a record string of 11 consecutive declines.

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Lawmaker is working to improve loan modifications (AP)

Posted on March 5th, 2010
AP - A key lawmaker is working with banks, regulators and the Obama administration on a new way to boost the government's struggling foreclosure prevention effort by encouraging banks to reduce the total amount borrowers owe.

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