The delinquency rate on credit cards issued by banks fell to a seasonally adjusted 2.41% at the end of the first quarter of this year from 2.47% three months earlier, according to an American Bankers Association report to be published Tuesday. That is the lowest rate since 1990 and well below the 15-year average of 3.87%, the banking group found.
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| Source: The Wall Street Journal |
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