Consumer Loan Delinquencies Improve as Job Losses Slow
A key bank industry group released data showing that consumer loan delinquencies may be nearing their peak but said it remained concerned about persistent weakness in the economy and job markets.
The American Bankers Association said on Thursday consumer loan delinquencies dropped in seven categories in the third quarter, including bank card delinquencies, which fell 0.24 percentage points to 4.77 percent of all accounts.