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Rising Credit Card Delinquencies for American Express and Bank of America
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Consumer Spending Slowdown
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Credit card delinquencies for American Express and Bank of America have increased in November. The total credit balance in October showed a slowdown in revolving credit and an increase in non-revolving credit.
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How might this increase in credit card delinquencies impact the credit industry?
What factors may have contributed to the rise in credit card delinquencies?
What measures can American Express and Bank of America take to address the rising delinquency rates?
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