Credit Card Delinquencies Slow, According to American Banker

According to VantageScore data, 1.35% of credit card balances were 30 days delinquent in April, marking improvement in the sector. Banks’ credit card charge-offs stood at 4.4% at the end of Q1 2024. Subprime borrowers could struggle with delinquencies in the face of continued inflationary pressure and higher interest rates.

Read More