All Top 4 Issuers Post Increases in 30+ Delinquency
Average early stage delinquency (30+ days) for the fourth quarter (4Q/15), among the nation’s top four issuers, edged up by 6 basis points (bps) sequentially, but dropped year-on-year (YOY) by 3 bps. All of the top issuers posted higher delinquency for the quarter. The nation’s largest issuer, Chase, reported delinquency increased to 1.43% in 4Q/15,…