Apr
30
Three leading credit card issuers have disclosed better-than-foreseen delinquency and charge-off rates last month but the worst is far from over.
These banks, Bank of America, Capital One and Discover, remain in a stressed environment, with consumers still emerging from peaking rates of unemployment. As it is, these delinquency and charge-offs remain high.
But these issuers are taking advantage of people defaulting … (more)