Credit delinquencies slightly higher
Improving trends in consumer credit delinquencies hit a soft patch as the economy slowed in the first quarter of 2011 with five of 11 loan categories showing slightly higher delinquencies, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin. Bank card delinquencies rose 12 basis points to 3.40 percent of all accounts compared to the previous quarter, but remain well below the 15-year average (3.95 percent) and below where they stood one year ago at 3.88 percent of all accounts. The composite ratio . . .
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