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.
You may also like
Scams, Lies, and Credit Cards: Fraud Rings’ Five Favorite Schemes
Even if you’ve become religious about shredding your credit card statements before you toss them away, criminals can still find ways to […]
Top 5 Things You Shouldn’t Do with Your Corporate Credit Card
We’re having a lot of fun over at the CardRatings.com blog, posting some Top 5 lists and looking at some of the […]