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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
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Credit card delinquencies going down

Posted by RJ and Makay on Mar 18, 2011

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Credit card delinquencies going downMaybe consumers learned something from the recession after all? According to the top six credit card issuers, customers are getting better about paying their bills.

On Tuesday, Bank of America, Chase, Citibank, American Express, Capital One, and Discover all completed regulatory filings detailing credit card delinquencies from January to February. In a trend that began a year ago, three of the companies reported that delinquencies fell in February.