CNN reported that Macy's says the spike in delinquencies is hurting its business.

Source: https://theweek.com/economy/1026198/american-consumers-credit-crisis

Credit card delinquencies have been steadily rising since 2021, according to Fed data, a steeper climb than any point since 2009 after dropping to multi-decade lows…

Source: https://investorplace.com/2023/09/the-fed-holds-rates-steady/

Credit impairment charges came in at £1.22billion, against a net release of £653million, reflecting 'macroeconomic deterioration and a gradual increase in delinquencies'.

Source: https://www.dailymail.co.uk/money/markets/article-11752835/BUSINESS-LIVE-Inflation-slows-10-1-Barclays-profits-fall-7bn.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Early delinquencies for home mortgages, auto loans and credit cards have also increased in the last quarter.

Source: https://dailycaller.com/2023/08/09/americans-debt-increase-historic-milestone-trillion/

Losses and loss ratio in the quarter were primarily driven by favorable cure performance from COVID-related delinquencies, which were above our prior expectations and resulted in a $70 million reserve release in the quarter.

Source: https://seekingalpha.com/article/4600890-enact-holdings-inc-act-q1-2023-earnings-call-transcript?source=feed_all_articles

More companies are entering the auto lending space in part because auto financing enjoys “consistently low delinquencies (less than 3.5 percent) over the past two decades,” the McKinsey report states.

Source: https://adage.com/article/marketing-news-strategy/ford-credits-first-consumer-campaign-debuts-auto-lending-market-undergoes-rapid-change/2483516

On paper, the overall average rate of credit card delinquencies and charge-offs improved last month compared to February, Seeking Alpha reported Sunday (April 30).

Source: https://biztoc.com/x/19de5c5d6d2a8471?ref=ff

Starting in Q2 of last year, the used car bubble led to increased loan delinquencies and had a negative impact on profitability.

Source: https://investorplace.com/market360/2023/04/ally-stock-is-cheap-for-a-reason/

The company has honed its underwriting process by adjusting interest rates in line with expected delinquencies and charge-offs within specific customer segments, allowing it to generate attractive risk-adjusted returns for shareholders.

Source: https://seekingalpha.com/article/4659637-capital-one-stock-measured-approach-todays-financial-landscape?source=feed_all_articles

Then we see the spike up in auto loan and credit card delinquencies (chart).

Source: https://www.forbes.com/sites/greatspeculations/2023/05/20/as-signs-of-recession-mount-the-fed-reiterates-its-hawkish-path-even-volcker-relented-as-the-recession-approached/