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Discovery Financial releases credit card data

  • Discovery Financial (DFS +0.2%) reports a credit card writeoff rate of 2.2% for January which is an unchanged level from the last two months.
  • The rate had dipped below 2% in October.
  • The company reports the rate of delinquencies rose to 1.8% during January to mark the highest level since last March.
  • SEC Form 8-K
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