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Fitch: Consumer Prudence Keeps Credit Card Asset Performance on Upswing

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NEW YORK--(BUSINESS WIRE)--Average credit card monthly payment rates (MPRs) reached all-time historical levels during in the second quarter of 2015 (2Q15) as consumers kept payment obligations in check, according to Fitch Ratings' Quarterly Credit Card Index. As a result, borrower credit profiles remained stellar and the sector's improvements continued from the prior quarter. Late payments continued to ease, also hovering at historical low levels, leaving chargeoff rates steady and delinquency

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