Across-the-Board U.S. Consumer Loan Delinquency is Trending North

While data from many sources, including the Federal Reserve and CardData, show an upward trend in credit card late payments for the past five quarters, overall delinquencies rose in 7 of the 11 individual consumer loan categories tracked by the American Bankers Association (ABA). The ABA composite ratio, which tracks delinquencies in eight closed-end installment…