The economy is robust, unemployment is sitting at 3.7% — its lowest mark in nearly half a century— and interest rates, though moving upward, are still relatively low. So why are credit-card delinquencies, application rejections, and involuntary account closures all on the upswing? That's what the Federal Reserve Bank of New York would like to know. The Fed released the results this week of its Credit Access Survey — a quarterly report on US borrowers — and it surfaced a couple of alarming trends that suggest credit-card issuers are getting skittish and paring back risk: Both credit-card rejection rates and ... (full story)