On one hand, the aftermath of the March bank crisis which destroyed two of the largest California banks, led to a crippling tightening in credit standards at least according to the SLOOS survey. On the other hand, after a brief airpocket three months ago when credit card debt saw its lowest increase in over two years, revolving consumer credit has exploded higher and the last two months have seen a near-record increase...

... even as the interest rate on credit cards has jumped to the highest on record.