Chargeoff rates dropped at five of the six biggest credit card issuers in the latest monthly reports, defying the usual seasonal increase.
The data for May continues a long streak of strong credit performance that has extended forecasts of how long low loan losses can last, but reflects caution on the part of lenders and borrowers on the outlook for loan growth. (Data for the nations largest issuers is shown in the following graphic. Interactive controls are described in the captions. Text continues below.)