How to gain more from operational risk management practices.
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Consumer credit falls again in second quarter
The Federal Reserve Board's G.19 data indicate that consumer credit decreased at a seasonally adjusted annual rate of 6-3/4 percent during the second quarter of 2020. Revolving credit decreased at an annual rate of 31-3/4 percent, while nonrevolving credit increased at an annual rate of 2 percent. In June, revolving credit decreased at an annual rate of 2-3/4 percent, while nonrevolving credit increased at an annual rate of 4-1/4 percent.