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Credit Card Delinquencies , Are on the Rise.<br/>New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.

Credit Card Delinquencies Are on the Rise

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The Selangor police will refer the investigation papers (IP) involving the suitcase containing over RM500,000 found in the car park of a shopping mall in Damansara to Bukit Aman.<br/><br/>Selangor Police Chief Commissioner Datuk Hussein Omar Khan on Wednesday (May 15) said that the investigation paper would be sent over to Bukit Aman so that their legal division could look into it.<br/><br/>It was reported that a suitcase with over half a million ringgit inside was discovered on March 20 in a shopping mall in Petaling Jaya. <br/><br/>Read more at https://tinyurl.com/yse93nsb <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline

Selangor police to refer money-in-suitcase papers to Bukit Aman

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Audacy NFL insider Ross Tucker believes the NFC North is going to be a really tough division in 2024.

Ross Tucker: 'Bears are going to be scratching and clawing' for the playoffs

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Mick Gordon

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Horizon An American Saga Movie Trailer - Warner Bros. Pictures is bringing back the spirit of the classic Western with \

Horizon An American Saga Movie Trailer

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