WASHINGTON—U.S. consumer borrowing rose 4.4 percent in November 2020, its strongest showing in five months, led by strong gains in auto and student loans that offset a drop in credit card borrowing.
The Federal Reserve said Jan. 8 that the rise represented an increase of $15.3 billion, the best showing since June 2020. Borrowing had risen $4.5 billion in October 2020.
