Seeking Alpha

So much for late fees as a profit center. The credit card delinquency rate fell to 2.41% at the...

So much for late fees as a profit center. The credit card delinquency rate fell to 2.41% at the end of Q1 from 2.47% three months earlier - it's the lowest rate since 1990 and far below the 15-year average of 3.87%. Can the rate decline further? An improving economy is likely to induce banks (XLF) to lend to riskier borrowers and consumers to take on additional debt as evidenced in yesterday's consumer credit report.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs