A new report from the American Bankers Association (ABA) shows a decline in delinquencies on bank-issued credit cards to 2.41 percent in the first quarter, marking the lowest level in more than two decades. The delinquency rate is down significantly from a record of 5.01 percent in 2009 and the 15-year average of 3.87 percent. ABA chief economist James Chessen attributes the improvement to an increase in stock prices, a better job market, rising consumer confidence, and the housing market rebound. Ten other lending categories recorded declines in delinquencies, including home equity loans, which dropped from 4.03 percent in the fourth quarter of 2012 to 3.72 percent in the first quarter of 2013. Delinquencies on home equity lines of credit, however, climbed from 1.85 percent to 1.91 percent.