Byline: Kate Fitzgerald
Average U.S. consumer bankcard and private-label credit card charge-offs fell again in November, and that trend may continue into this year, according to new data Fitch Ratings Inc. released Jan. 4.
Although charge-off rates are still elevated from historic levels, they "are pointing in the right direction" for issuers looking for better card-portfolio performance compared with the last two years, Michael Dean, Fitch managing director, said in a press release. "Further gains on the labor front could drive more-meaningful consumer credit-quality improvement in the first half of 2011," he added.
Fitch's Prime Credit Card Charge-Off …
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