The unusually strong loan performance in the credit card business lasted longer than many observers expected. But today the industry's prolonged post-crisis era finally appears to be over.

During the second quarter the percentage of loans that were at least 30 days late climbed at most of the country's large credit card issuers — including JPMorgan Chase, Citigroup, Capital One Financial, Discover Financial Services and Synchrony Financial — compared with the same three-month period in 2015.

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