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News@lemmy.world • 9 months ago

Banks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year high

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Banks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year high

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News@lemmy.world • 9 months ago

Banks are bracing for consumers to stop paying off their credit cards

Provisions for credit losses rose at JPMorgan, Citi, Wells Fargo, and Bank of America last quarter

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But the economy is doing great, we promise
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