Credit card chargeoffs reported in June for the May collection period
The decline ended a six-month streak of rising chargeoffs.
Even though fewer master trusts related to securitized card loans had
Seasonal chargeoff peaks in June, July, and August will probably put the
Further, Fitch noted that the record pace of personal bankruptcy filings
A record 321,242 personal bankruptcy filings were reported in the first
The full-year total is expected to top 1.5 million, versus 1.1 million
In combating these trends, card issuers have slowed growth, tightened
These efforts could produce a leveling in the index's rate of rise
Master trusts reporting the largest chargeoff improvements for the May
The Fitch index tracks the performance of credit card receivables