Credit card delinquencies, net charge-offs trend higher in August (NYSE:SYF)

Unrecognizable person paying with a credit card for books at the modern bookstore


Credit card delinquency rates continue to creep up while net charge-off rates also edge up, indicating that consumers are still in fairly good shape.

The average card delinquency rate increased seven basis points to 2.74% in August, and now stands 10 bps

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