BREAKING NEWS

BREAKING NEWS

Consumer borrowing up in February

WASHINGTON (AP) — Consumers stepped up their borrowing in February as a rebound in the use of credit cards offset a slowdown in auto and student loans.

Total borrowing rose $15.2 billion in February, the biggest gain in three months and an acceleration from January’s increase of $10.9 billion, the Federal Reserve reported Friday.

The jump came in the category that covers credit cards, where borrowing rose $2.9 billion after falling in January.