auto loans

US Consumer Credit Rose at Slower Pace in June

American consumers increased their borrowing at a slower pace in June, as the category that includes auto and student loans posted the smallest gain in a year. The Federal Reserve says overall consumer credit expanded by $12.4 billion in June, down from May’s $18.3 billion increase. Non-revolving credit, which includes auto and student loans, rose $8.3 billion, down from an…