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.
About Joe Taylor Jr.
Joe Taylor Jr. has written about media, technology, entertainment, and personal finance for over 25 years. His work has been featured on NPR, CNBC, Financial Times Television, and ABC News. After helping to launch one of public radio's first successful digital platforms, Joe now serves as a customer service, communications, and user experience consultant for a variety of Fortune 500 and Inc. 500 companies.
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