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Monday, July 09, 2012

All At Banks And CUS

May revolving consumer credit, that is. Get the release here. Finance companies, ABS and nonfinancial companies all stayed steady or dropped.

The average interest rate for accounts assessed interest hasn't changed much. In May it is reported as 12.76%, and in Q4 it was 12.78%.

Finance companies shed balances, and that and the steady rates seem to indicate that it is a charge up rather than an expansion of risk. Tight incomes is my guess.

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