New York
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.
- 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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