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Consumer delinquencies fall significantly in second quarter

Delinquencies in closed-end loans fell significantly in the second quarter, driven by a substantial drop in home equity loan delinquencies and continued financial discipline by consumers, according to results from the American Bankers Association's Consumer Credit Delinquency Bulletin. Delinquencies fell in seven of the 11 individual loan categories.

In two of the three home-related categories, delinquencies continued a downward trend in the second quarter. Additionally, bank card delinquencies rose slightly in the second quarter. To read the entire story on consumer delinquencies, click here.

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