Bankruptcies & Chargeoffs Continue Improvement
October bankruptcies and chargeoffs both continued to slide, showing consumers are still paying close attention to their credit performance. October U.S. consumer bankruptcy filings totaled 106,255 nationwide, down 19.6% from the 132,173 total consumer filings recorded in the year ago period, while retail card chargeoffs broke the 6% threshold to 5.55% for a 45-month low.…