US card issuers tighten underwriting as delinquencies rise

Delinquency rates of 30 or more days for US credit cards have been on the rise over the past three years, despite a healthy labor market, driving card issuers to tighten their underwriting criteria even as the economy continues to accelerate.

  • By Jennifer Kang
  • 08 Jan 2019

Despite rising steadily in recent years, the delinquency rate should not be of great concern to the market, according to a report from DBRS published on Tuesday. Several factors suggest that delinquencies will not only slow down but even decrease going forward.

Still, credit card issuers are tightening ...

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