The recession and its widespread job losses caused a 32 basis point increase in loan delinquencies, according to data released today by the American Bankers Association.
The ABA found that 3.22% of loan accounts were delinquent, the highest since it began tracking such data since the 1970s.
Credit card delinquencies were 4.52%, an increase from 4.52% during the third quarter. The four-year average is 4.47%.
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