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Even consumer credit has crept up in recent months.
Consumer credit has been falling since mid-2008 as households try to cut their debts.
He vigorously challenges the idea that consumer credit has eroded traditional values.
Yet the cost of consumer credit has only increased since the first bailout package.
The current regulatory regime for consumer credit has not adequately protected large numbers of borrowers.
Additionally, Mr. Stringer said, "consumer credit has been stifled," and "some of our biggest retailers have been liquidated".
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On Wednesday, the Federal Reserve reported that consumer credit had dropped for the first time in four years.
Howard Archer, chief UK economist at IHS Global Insight, said consumer credit had increased but "not raced ahead".
In November, consumer credit had grown $13.9 billion, 11.1percentt more than in November 1999.
The BBA said that away from mortgages, consumer credit had continued to grow at a rate of more than 6%.
"Since 2007, UK banks' total write-offs on UK consumer credit have been 10 times higher than on mortgages," the BoE says.
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