Consumer delinquencies fell last quarter to their lowest point in at least 15 years, according to quarterly data released Thursday by the American Bankers Association.

The percentage of overdue closed-end loans was 1.35% in the second quarter, down three basis points from the first quarter. The ABA's so-called composite ratio tracks delinquencies in eight closed-end installment loan categories including personal, home equity and direct auto loans. It defines a delinquency as a payment that is 30 days or more overdue.

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