Consumer credit quality has worsened for the third consecutive quarter, the American Bankers Association said.

The association's seasonally adjusted composite index of loan delinquencies showed 1.95% of participating banks' closed-end consumer loan accounts were at least 30 days past due as of June 30.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.