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November 15, 2023

Credit card delinquency rates increased in 3Q23.

The Household Debt & Credit Report from the Federal Reserve Bank of New York for 3Q23 included further evidence that the consumer debt setup has continued to move in a negative direction. Credit card balances that transitioned into 30+ day delinquency increased to 8.01%, its highest level since 2011. Similarly, credit card balances that transitioned...
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