Consumers are pulling back from using their credit cards, according to data released by the Federal Reserve on Friday. Revolving credit, namely credit cards, declined at a 3.3% annual rate in January. That's the second decline in the past three months. Nonrevolving credit such as student and auto loans grew 5.8%, up from 3.6% in December. Overall, consumer credit growth in January slowed to a 3.4% rate, or $12 billion, down from 5.8% in the prior month. The data does not include mortgage borrowing. Consumer credit totaled $4.2 trillion in January, up from $2.9 trillion in January 2013. Fed officials have said ... (full story)