Credit card defaults can be major risk for US card companies and banks. Credit cards and net charge-offs are surging. Macro data on credit card late loans show figures worse than past cycles.
What is covered in the Full Insight:
Introduction
Apple's exit from 'buy now, pay later' industry
Increasing credit card delinquencies in the US
Risks faced by financial companies and banks
Implications for consumer sentiment and credit card impairments
SUMMARY
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