Banking regulators on Monday formally proposed to tighten credit card issuers' timetable for charging off delinquent debts, saying risks have mounted since the rule was established in 1980.

The proposal is part of an effort by the Federal Financial Institutions Examination Council to establish a uniform 150-day chargeoff requirement for consumer loans of any type. Currently banks have up to 180 days to charge off credit cards in arrears, but only 120 days to write off installment loans.

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