Second-Quarter Card Charge-Offs

Second-Quarter Card Charge-Offs Stabilize at 7 Yr High & Reserves +7%

Second-quarter card charge-offs among the Top 4 U.S. bank credit card declined slightly from the prior quarter, a historical pattern, but up double-digits from one-year ago, remaining the highest for a second-quarter in seven years. Credit card charge-offs among the nation’s Top 4 credit card issuers dipped 2 bps (basis points) sequentially in the second-quarter…