Subprime Is Back—And Small Banks Are Holding The Bag

The delinquency rate on credit-card loan balances at commercial banks other than the largest 100 – so at the nearly 5,000 smaller banks in the US – rose to 6.2% in the second quarter. This exceeds the peak during the Financial Crisis by a full percentage point and was up from 4.0% a year ago.

 

 

https://wolfstreet.com/2018/08/21/credit-card-balances-delinquencies-charge-offs/