Bad Debt Pile Creeps Higher at U.S. Banks on Card Losses

Card charge-offs now make up more than 80% of total consumer credit costs, up from 67% three years ago.

By Jenny Surane | May 02, 2019 at 08:45 AM

Credit-card losses are outpacing auto and home loans at a rate not seen in at least a decade. The question is whether banks' plastic problem is an outlier or an omen.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com

NOT FOR REPRINT

Payments/Credit/Debit

1 Shared Accounts With CU Times: Wescom CU Sets an AI Standard

2 Virginia Credit Unions Prepare to Officially Merge on Jan. 1

3 As Elder Fraud Explodes, Banks Beat Back Duty to Call Cops

4 The Twin Flames Credit Unions Can’t Ignore: Phishing-as-a-Service & Insider Threats

5 Coastal & Truliant Credit Unions Join Auto Forces

Insurance
Complex Claims & Litigation Forum 2025
February 24, 2025 - Las Vegas

This conference aims to help insurers and litigators better manage complex claims and litigation.
More Information
GlobeSt. Multifamily Spring 2025
April 01, 2025 - New York

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
GlobeSt. Net Lease Spring 2025
April 01, 2025 - New York

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.
More Information

The Lost Retirement Generation? Gen X Missed Out on Auto Features in the Early Years of 401(k)s

By Lynn Cavanaugh | December 18, 2024

As oldest Gen Xers approach age 60, many are unprepared for retirement and concerned about outliving their assets, according to a Schroders survey.

The Lost Retirement Generation? Gen X Missed Out on Auto Features in the Early Years of 401(k)s

Experian: Credit Unions Lose Auto Share in Past Year

By Jim DuPlessis | December 06, 2024

Its third-quarter report shows credit unions losing 2 percentage points of their share of auto financing originations.

Experian: Credit Unions Lose Auto Share in Past Year

Subordinated Debt Growth Continues to Slow

By Jim DuPlessis | December 04, 2024

An NCUA rule change spurred a 579-fold increase in 2022, but growth has been moderate since then.

Subordinated Debt Growth Continues to Slow

How to Win Customers in the Modern Marketplace link

Playbook

Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now

Instant Insights /