U.S. credit-card delinquencies hit record in 2Q. Will retailers suffer?

U.S. credit-card delinquencies -- accounts 30 days or more overdue -- hit a record 3.66 percent of all accounts during the second quarter, the American Bankers Association reported Tuesday. 

The ABA said delinquencies, reported on a seasonally adjusted basis, rose from 3.53 percent in the first quarter. 
Commenting on the report, Britt Beemer, chairman of America's Research Group, told CNN's Business Day said two factors have helped lead to more credit-card delinquencies: 

banks are giving out an increasing number of cards, so people with handfuls of plastic tend to panic and charge even more when they get in trouble; 
a growing number of lawyers advertise personal bankruptcy as a solution. 

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