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Consumer Loan Delinquencies are Declining

Published on May 31, 2024

The percentage of overall outstanding balances of consumer debt that was 30- 59 days past due– encompassing auto, credit card, mortgage, and personal loans – fell to 0.86% in April, from 1.04% in February. This downward trend may suggest a more normalized credit environment, which could help to spur loan growth later this year.

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