Bank of America Reports Rise in Credit Card Delinquency and Charge-Off Rates for June
Monday, 15 July 2024, 15:13
Bank of America Credit Card Report for June
The recent data released by Bank of America shows a small uptick in credit card delinquency and charge-off rates for the month of June.
Key Points:
- Delinquency Rates: Showed a slight increase compared to the previous months.
- Charge-Off Rates: Also saw a marginal rise, remaining below the levels seen in June 2019.
Overall, the report suggests a cautious outlook on credit card performance, reflecting potential shifts in consumer financial behavior.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.