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Credit Card Delinquencies Edge Up to 2.5% Across Top Banks
The average credit card delinquency rate ticked up from 2.48% in June to 2.50% in July, Seeking Alpha reported Tuesday (Aug. 18), based on the results of seven banks. The figure remains below the pre-pandemic average of 2.68%, according to the report. During the same period, the banks’ average net charge-off rate declined from 3.42%…