US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies

Defaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports the Financial Times. The bad credit forced lenders to collectively write off a whopping $46 billion in loans that are considered seriously delinquent in the first nine months of 2024. Based on data […] The post US Lenders Lose $46,000,000,000 As Customers at... source: https://dailyhodl.com/2025/01/04/us-lenders-lose-46000000000-as-customers-at-capital-one-citi-jpmorgan-chase-synchrony-discover-citi-and-bank-of-america-face-billions-in-delinquencies/