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Banks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year high

qz.com Banks are bracing for consumers to stop paying off their credit cards

Provisions for credit losses rose at JPMorgan, Citi, Wells Fargo, and Bank of America last quarter

Banks are bracing for consumers to stop paying off their credit cards
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Banks are bracing for consumers to stop paying off their credit cards, delinquency rates hit 12-year high

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26 comments
  • Just another in an on-going series of "rich bastards figuring out that there's no more money to take."

    • Wait until they pay off the politicians to allow debtors prisons and indentured servitude.

26 comments