subprime borrowers

Credit Card Delinquencies 15-Year High as Subprime Borrowers Buckle Under 21% Rates

13.12 percent of credit card balances were 90 days or more past due in Q1 2026, the Federal Reserve Bank of New York reports, marking the steepest delinquency rate in roughly 15 years as subprime borrowers strain under 21 percent interest.