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Lawsuits against credit card borrowers are flooding the courts, according to the judges.
That sharp reduction was driven by modest improvements in housing and the job market, as well as signs that credit card borrowers were in better shape.
Consumers also benefit: homeowners, credit card borrowers, students and car buyers gain access to more widely available credit and lower interest rates.
But competition is improving the deals available - not only for credit card borrowers, but also for current account customers, savers and mortgage borrowers.
Meanwhile, its American consumer lending businesses were helped by the bank's decision to release the $1.4 billion of loan loss reserves, largely because of the continued improvement in the performance of its credit card borrowers.
So did the wide spread between what banks pay for savings accounts and certificates of deposit, and what they charge card borrowers.
Similar(50)
Here's what he said: "Let's contrast the typical credit card borrower on monetary policy versus fiscal policy.
The interest rate cut of last week helps the typical credit card borrower about two bucks a month, two dollars a month, whereas Mr. Bush's tax cut for a family making $40,000, gets a $1,600-a-year tax cut, 32 bucks a week.
The bulk of its lending is for debt consolidation by credit-card borrowers.
CREDIT-CARD borrowers who roll over a portion of their balance each month are known as revolvers.
When a free online financial-literacy course was offered to struggling credit-card borrowers, only 0.4% logged on to the website and just 0.03% completed the course.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com