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Fitch: Record Low Credit Card Delinquencies Despite Mixed Economic Indicators

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NEW YORK--(BUSINESS WIRE)--U.S. credit card ABS metrics remain healthy, as prime credit card delinquencies fell for a second month in July to unprecedented levels, according to the latest monthly index results from Fitch Ratings. The positive trend falls against a backdrop of mixed economic indicators, with jobless claims and personal bankruptcies falling to record lows despite tepid consumer confidence. The Department of Labor's initial jobless claims indicate a strong job market and a strengt

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