For the first time in two years, delinquency rates have improved on credit card and closed-end consumer loans, the American Bankers Association said Wednesday.

At the end of September, 3.48% of credit card accounts were at least 30 days past due, down from the record high of 3.66% in the second quarter, the ABA said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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