Americans Falling Behind on Payments

Date: 18 April 2023 - 22:51

News ID: ۱۱۴۱۴۸

NEW YORK (Reuters) -- Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. banks, although they said delinquency levels were still modest.

“We’ve seen some consumer financial health trends gradually weakening from a year ago,” Wells Fargo Chief Financial Officer Mike Santomassimo said on a conference call Friday to discuss its first quarter results.