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News@lemmy.world • 1 month ago

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

cross-posted to:
personalfinance@lemmy.ml

109

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

@return2ozma@lemmy.world to

News@lemmy.world • 1 month ago

cross-posted to:
personalfinance@lemmy.ml

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

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Dae
link
56•1 month ago
Just another in an on-going series of “rich bastards figuring out that there’s no more money to take.”
- FenrirIII
  link
  fedilink
  1•1 month ago
  Wait until they pay off the politicians to allow debtors prisons and indentured servitude.

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