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The American economy has looked pretty robust of late — unemployment just hit a 16-year low and stocks recently reached an all-time high.

This makes it all the more curious that Americans have suddenly stopped paying off their credit card bills at a rapid rate.

In the last two fiscal quarters, banks reported a steep rise in credit card charge-offs — debt that companies can’t collect from their customers — according to a report from Moody’s.

This chart from the report shows how each bank has fared on charge-offs, with Capital One, First National of Nebraska, and Synchrony showing the worst performance over the period:
Read more at https://www.businessinsider.com/credit-card-defaults-have-spiked-as-lending-standards-fall-2017-6#JtvfGyg0EPhesHO2.99

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