US DATA: Improving trends in consumer credit delinquencies hit a
soft patch as the economy slowed in the first quarter of 2011 with five
of eleven loan categories showing slightly higher delinquencies,
according to the American Bankers Association’s Consumer Credit
Delinquency Bulletin. Bank card delinquencies rose 12 basis points to
3.40% of all accounts compared to the previous quarter. The composite
ratio, which tracks delinquencies in eight closed-end installment loan
categories, rose three basis points to 2.71% of all accounts in the
first quarter. More on MNI Main Wire.