National News

ABA survey finds mixed news on late payments Credit card delinquencies continued to fall in the third quarter but late payments for home, auto and home equity loans increased in the same period, according to the American Bankers Association’s consumer credit delinquency bulletin published Jan. 3. While credit card delinquencies fell to 4.18 percent of accounts, delinquencies in the composite ratio that tracks eight closed-end installment categories rose 2.44 percent. Among those categories, delinquencies in home equity loans rose 2.28 percent and property improvement loan delinquencies were up 1.6 percent . . .

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