Consumer Loan Delinquency Highest Since 1992
According to the American Bankers Association's quarterly survey...
Consumers fell behind on car, credit- card and home-equity loans at the highest level in 15 years, another sign the U.S. economy is slowing.
Late loans in the quarter climbed 21 basis points to 2.65 percent of all accounts in a consumer-loan index.
Payments at least 30 days past due increased across all eight categories of loans tracked during the fourth quarter.
Consumers fell behind on car, credit- card and home-equity loans at the highest level in 15 years, another sign the U.S. economy is slowing.
Late loans in the quarter climbed 21 basis points to 2.65 percent of all accounts in a consumer-loan index.
Payments at least 30 days past due increased across all eight categories of loans tracked during the fourth quarter.
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