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CHARLOTTE, N.C. — Bank of America Corp., the biggest U.S. lender, said the rate of late payments on credit-card loans fell to the lowest in almost a year, signaling that damage to consumers from the recession may be abating.
Loans at least 30 days overdue, an indicator of future write-offs, fell to 7.44 percent in December, the least since last January, according to a regulatory filing Friday. Delinquencies of 30 to 59 days, the earliest gauge of overdue payments, fell to 1.8 percent, the lowest since August 2008.
