Banks are Hurt by Credit Cards
The New York Times has this story: “Rising Credit Card Losses Are Next Challenge for Banks“.
Eric Dash and Andrew Martin do a good job of explaining the extent of trouble banks are having and are going to have with credit cards. “Even the government’s grim projections may vastly understate the size of the credit card troubles in store for major U.S. banks.”
FRB’s Bank Card and Mortgage Delinquencies Map
Filed under: Banking Industry, Credit Card Industry, Debt Statistics
This is a cool tool!
The Federal Reserve Bank of New York offers dynamic maps of bank card and mortgage delinquencies in the United States. It’s one of the coolest tools I’ve seen in a while.
The Credit Condition Map is actually fun to play with. The irony is that while you play with it, you’ll see some sad stats. The map offers two types of delinquency data: bank card delinquency rate of 60 or more days and mortgage delinquency rates of 90 or more days.
