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But things have taken a turn, he suggested: “Really since rates started to rise in the early part of the year – and we saw a dramatic increase in March – that was really the turning point where we started to see rates starting to ramp…
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Credit card debt was another significant contributor to the overall debt load, increasing 15% annually, the largest upswing in more than 20 years. Credit card balances were also shown to have increased more for borrowers aged 30 to 59 and…
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Broeksmit pointed out that the fund’s capital reserve ratio was more than five times the minimum ratio required by law, placing it in an ideal position to withstand an economic slowdown. He attributed the successful numbers to prudent risk…
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