Number of Consumers in Debt Continues to Fall

American consumers, especially those with low credit scores, appear to have benefited in recent quarters from broad changes in how third-party collection agencies report collection accounts to credit bureaus, according to new figures from the Federal Reserve Bank of New York. But the benefit could be short-lived.

The upshot for bankers? Don't let your guard down just yet on credit quality or concerns about consumers overextending themselves. Here's why.

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