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cnbc.comThe delinquency ratio on South Korean bank loans increased to 0.67 percent as of end-May, up 0.06 percentage point from the prior month. Newly overdue loans reached 3.3 trillion won while write-offs totaled 1.5 trillion won.
The move routes defaulted borrowers through the Treasury's Cross-Servicing program, which relies on private contractors. More than 10 million borrowers are in default or delinquency.
The share of U.S. consumer loans at least 30 days past due rose to 4.8 percent in the first quarter of 2026, the highest level since 2017.
news.google.com13.1 percent of U.S. credit card balances are now 90 or more days past due. The figure marks the highest rate recorded since 2011.
themortgagereports.comThe U.S. Department of Agriculture will continue to withhold new loan guarantees for anaerobic digester projects until December 31. The agency cited delinquency rates and realized losses on existing projects as the reason for the extension.
Washington ExaminerU.S. Attorney for D.C. Jeanine Pirro announced that parents will face criminal charges under statute 22-811 for contributing to the delinquency of a minor. The policy targets cases involving vehicle thefts, robberies, and teen takeovers that have increased in Washington, D.C.
The share of auto loans entering delinquency has reached its highest level in 32 years as borrowers face record-high payments. The increase reflects broader pressures on household finances amid elevated borrowing costs. Data come from a report by @FirstSquawk on current consumer…
pymnts.comTotal U.S. household debt increased by $18 billion in the first quarter to $18.8 trillion, according to the New York Fed, with mortgage and auto loan balances rising while credit card debt fell seasonally. Delinquency rates matched their highest level since 2017, driven in part b…
pymnts.comThe Federal Reserve Bank of New York reported total household debt increased $18 billion from the prior quarter, driven by gains in mortgages, auto loans and HELOCs that offset a seasonal drop in credit card balances. Delinquency rates showed little overall change at 4.8 percent,…
Substrate placeholder — needs reviewThe delinquency rate on subprime loans in the United States has risen to 10% of total outstanding debt, marking the highest level in 11 years. Subprime loans are extended to borrowers with credit scores below 660. This development indicates increasing financial pressures on lower…