After two consecutive quarters of declines, consumer credit delinquencies rose in the fourth quarter of 2020 as the toll of the pandemic-induced recession weighed on the economy, according to results from the American Bankers Association’s (ABA) Consumer Credit Delinquency Bulletin.
Overall, late payments of 30 or more days rose in each of the 11 loan categories tracked by ABA - including all three home-related categories. Read on for details.
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