Credit Card Industry Leaders Hint of Upcoming Fee and Lending Changes

by Joe Taylor Jr. on June 8, 2009

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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