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Credit card hotline caused another fight over Consumer Financial Protection Bureau. Banks and credit card issuers want to keep the complaint database private.

Though, the declining rate of credit card debt has its dark side. TransUnion performed data proving that people just started to blow off their mortgages and pay the credit card bills instead. This happens due to the fact that consumers don't want to lose the access to their credit cards as it is important for people on the financial brink. Moreover, some issuers who write off or sell balances which have defaulted in order to reduce credit card debt.

Following the Fed's report, default rates on credit cards decline due to the tight requirements provided by the issuers for getting credit approved.