Banks are increasingly issuing credit cards to consumers with riskier credit profiles, at a time when consumers in financial distress are placing increased value on paying their mortgages ahead of their credit cards, according to two studies published last week.

Moody’s Investors Service said that lending to borrowers with a riskier credit profile may lay the groundwork for a deterioration of performance in credit card securitizations, if the US economy falls into a recession again.

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