Consumer credit up $14.6 billion, slowest in 3 months

WASHINGTON (AP) — Consumer borrowing slowed in June to the smallest increase in three months as a jump in auto loans and student loans was offset by a big drop in borrowing on credit cards.
The Federal Reserve says overall consumer borrowing increased by $14.6 billion in June after a $17.8 billion advance in May. It was the smallest increase since a $9.9 billion gain in March.
Auto and student loans rose by $14.7 billion, the biggest gain since December, while borrowing in the category tha