Bank card delinquencies fell in the second quarter while a majority of other loan delinquencies remained steady, according to the American Bankers Association’s latest Consumer Credit Delinquency Bulletin, ACAInternational.org reported. Overall, consumer delinquencies held steady in eight of the 11 individual consumer loan categories tracked by the ABA. “The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, rose 3 basis points to 1.76 percent of all accounts, driven primarily by a 12-basis point rise in home equity loan delinquencies,” according to the ABA. “Nonetheless, all other closed-end loans held steady or declined, and the overall composite ratio remains well below the 15-year average of 2.13 percent.”
