"Issuers and investors alike have been surprised by the magnitude and duration of the fall off in bankruptcy filings and are closely watching delinquency rates for signs of deterioration."
Monday, October 16, 2006
Credit card companies surprised, delighted by sustained drop in bankruptcy filings
Moody's Investors Service reports that credit card issuers are enjoying the effects of the new bankruptcy law. Credit card delinquency rates remain at or near a record-low level.
