Credit Card Industry Leaders Hint of Upcoming Fee and Lending Changes

by Joe Taylor Jr. on June 8, 2009 · 0 comments

Bank executives told audiences at recent industry events that pending credit card rules and current economic stress have forced lenders to reinvent themselves. Capital One CFO Gary Perlin told a New York audience that he expected many credit card issuers to restructure their fees. Meanwhile, James Dimon of J.P. Morgan Chase & Co. told attendees at another conference that tighter lending practices would stem further credit card losses.

Read the whole article at CardRatings.com…

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