Central Banking

U.S. late credit card payments rose in Q4

US - Late payments on credit card bills edged up in the final quarter of last year but fewer people were overdue on other types of consumer loans despite weak economic growth, a banking trade association said on Tuesday.

Falling interest rates had helped keep delinquencies down, the American Bankers Association said in a statement accompanying the figures.

Credit card delinquencies inched up to 3.88 percent of all accounts in the fourth quarter from 3.77 percent in the third quarter. Based on t

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