August credit card data shows no signs of 'blowups' amid qualms …

Credit card issuers, on average, reported solid metrics in August as net charge-offs declined and delinquencies moved up by only 2 basis points, according to the data disclosed by eight …

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U.S. Credit-card Debt Declines For Second Time In Past Three …

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Oct 7, 2024 · The August gain translates into credit growth at a 2.1% annual rate, down from a 6.3% rise in the prior month. Economists had been expecting a $13.2 billion increase in …

morningstar.com

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U.S. Credit-card Debt Declines For Second Time In Past Three …

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Oct 7, 2024 · The numbers: Consumer credit rose $8.9 billion in August, after surging a revised $26.6 billion in July, the Federal Reserve said Monday. The August gain translates into credit …

marketwatch.com

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New Data On Credit Card Losses Add To Evidence Of 'soft Landing'

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Aug 16, 2024 · The new data from top credit card issuers signals they wrote off fewer loans in July. Loan charge-off averages at top credit card issuers fell to 2.14% last month, still elevated …

americanbanker.com

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U.S. Credit Card Defaults Hit Post-Great Recession High - Forbes

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Dec 31, 2024 · Using information from BankRegData, which regularly follows and collates data from regulatory agencies, the FT reported that credit card lenders wrote off $46 billion in …

forbes.com

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US Credit Card Defaults Soar To Highest Level In 14 Years

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Dec 30, 2024 · Defaults on credit card loans soared 50% in 2024 to the highest since 2010 according to a new report, causing experts to warn the "debt bubble is popping." ... Data …

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Here’s What You Need To Know About Credit Card Defaults

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Jan 9, 2025 · Credit card defaults are on the rise for Americans, reaching the highest amount in 14 years. U.S. credit card defaults jumped to a record number of $46 billion from January …

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Why Are Credit Card Defaults Surging? - ConsumerAffairs

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Jan 2, 2025 · The credit card default rate has hit its highest level since 2010, as lenders wrote off $46 billion in seriously delinquent loans in the first nine months of 2024.

consumeraffairs.com

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Citigroup's Expansion In China Said To Hit Roadblock With U.S

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Citigroup has been instructed to resolve its data management issues in the U.S. after it was fined $135.6M in July for failing to make enough progress on remediating the problems.

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FAQs about August credit card data shows no signs of 'blowups' amid qualms … Coupon?

How did credit card issuers perform in August?

Credit card issuers, on average, reported solid metrics in August as net charge-offs declined and delinquencies moved up by only 2 basis points, according to the data disclosed by eight companies last week. ...

Is the credit card debt bubble popping?

Pointing to the findings, The Kobeissi Letter declared on X, "The credit card debt bubble is popping." The New York Federal Reserve reported last month that Americans' credit card debt hit another record high in September, climbing to $1.17 trillion during the third quarter and marking the highest level on record in Fed data dating back to 2003. ...

Is falling credit card debt a sign that people are better off?

Falling credit card debt isn’t necessarily a sign that people are better off financially, economists said. The Fed’s data on credit card balances doesn’t distinguish between people who carry credit card debt and those who pay it off every month, so drops in credit card debt can indicate decreased consumer spending. ...

Are Americans starting 2025 with unmanageable credit card debt?

Many Americans are starting 2025 carrying unmanageable credit card debt. The credit card default rate has hit its highest level since 2010, as lenders wrote off $46 billion in seriously delinquent loans in the first nine months of 2024. According to an analysis by the Financial Times, that’s a 50% increase over the same period in 2023. ...

Why are credit card defaults surging?

Did Americans pay down credit card debt in August?

U.S. households did something in August that they don’t usually do: they paid down their credit card debt. The total amount of revolving debt held by U.S. households fell by $1.4 billion on a seasonally adjusted basis to $1.4 trillion, the Federal Reserve said Monday. ...