Five of the largest credit card issuers in the U.S. reported an increase in credit card delinquencies in September as charge-off rates plunged. Although most of the rises were small, it broke a pattern of steadily declining late payment rates.

Bank of America, Capital One, Citibank, Discover, and JP Morgan Chase Monday all reported a slight uptick in delinquency rates in their credit card master trusts. The banks file monthly investor reports detailing trust performance.

Read the full post on Forbes.com


Next Article: Weekly Wrap-Up Podcast - Week of October ...

Advertisement