Credit Card Issuers Go After "Good" Customers

On MSNBC this morning we discussed an article from The Washington Post that exposes some of the new ways credit card issuers are scrambling to make money. This, in the wake of the Credit CARD Act of 2009, which is clamping down on lenders' abilities to haphazardly raise interest rates and fees. Altogether, banks stand to lose $12 billion because of the new regulations, which are meant to protect consumers and create more transparency in the credit card industry.

So now, what's a card issuer...

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Published on July 23, 2010 09:40
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