2OS Quarterly Credit Risk Review Finds Consumer Credit Stable, but Underlying Risks Persist in Newer Vintages and Key Borrower Segments
Despite easing delinquencies, 2025 credit card vintages continued to underperform, while home equity line of credit limits surpassed $1 trillion for the first time since 2013.
Consumer credit performance remained broadly stable during the second quarter of 2026, but beneath the headline numbers lenders continue to face a more complex credit environment, according to the latest 2026 Q2 Credit Risk Review from 2nd Order Solutions (2OS), a leading credit risk advisory firm serving banks, lenders and fintechs.
While several headline indicators improved during the quarter, the report finds that newer lending vintages continue to underperform historical norms, consumer financial resilience remains fragile, and lenders should remain alert to evolving credit risks as macroeconomic conditions continue to shift.
Among the report's key findings:
