Catching Up on Card Payments
Information from the largest card issuers suggests that more Americans are moving from economic stress to greater prosperity.
In filings with regulators, Bank of America, Capitol One, Discover and American Express all said their card delinquency rates have been dropping. Bank of America said its rate fell from 7.23% to 7.07% as of the end of March. Capitol One's rate fell from 5.51% to 5.3%, Discover's from 5.5% to 5.39% and American Express' from 3.6% to 3.3%.