US Financial System Facing Five-Year High Delinquency Rates on Loans – Federal Reserve

US Financial System Facing Five-Year High Delinquency Rates on Loans – Federal Reserve

WASHINGTON (Sputnik) – The financial system of the United States is experiencing five-year high delinquency rates among commercial real estate loans and an increase in credit card and auto loan delinquencies, Michael Barr, the Vice Chair of the Federal Reserve for Supervision, has said in a House committee hearing.

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