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Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.

More credit card debt and car loans transitioned into late payment status last quarter, per the New York Fed.

By: Business Insider
  • Sep 13 2024
  • 72
  • 12137 Views
Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.
Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.
John Lamparski/Getty Images
  • There's no need to worry about consumers falling behind on debt payments, BofA's Brian Moynihan said.
  • Deliquency rates on credit card and auto loans are n… [+2499 chars]

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Kamala Harris' Child Tax Credit Plan Would Give $6,000 to Newborn Parents. What to Know
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