Consumers fall behind on loans at record pace

More fallout from a still deteriorating housing market
Reutersupdated 2:16 p.m. ET July 7, 2009
Soaring U.S. unemployment and a shrinking economy drove delinquencies on credit card debt to an all-time high in the first quarter as a record number of cash-strapped consumers fell behind on their bills.
Fallout from a still deteriorating housing market caused the rate [...]