Fed Data Shows Card Balances Decline in Q1, but 90-Day Delinquencies Surge

The latest information connected household indebtedness from the Federal Reserve Bank of New York, released Tuesday (May 13), indicated that consumers paid down immoderate of their recognition paper indebtedness successful the archetypal 4th of 2025.
But late-stage delinquencies connected that revolving indebtedness surged twelvemonth implicit year. Student loan…

This communicative appeared connected pymnts.com, 2025-05-13 21:13:02.