http://www.thecatalystcode.com/theconversation/blog/2009/04/24/is-there-really-a-credit-card-crisis/ The Catalyst Code Thu, 09 Sep 2010 08:50:19 +0000 http://wordpress.org/?v=2.0.11 http://www.thecatalystcode.com/theconversation/blog/2009/04/24/is-there-really-a-credit-card-crisis/#comment-10822 Mon, 27 Apr 2009 10:32:26 +0000 http://www.thecatalystcode.com/theconversation/blog/2009/04/24/is-there-really-a-credit-card-crisis/#comment-10822 A very good and well balanced article, it will be interesting to see whether any of the Obama stance on the credit card companies is picked-up by Brown in the UK, where there is already tight controls on transparency of fees/charges. I agree that many credit card companies are serving a vital function within the economy assisting both private consumers and small business with short term cashflow problems. With charge-off rates increasing and the Card Schemes being squeezed to reduce interchange rates its not a great time to be sat within the credit card business !!! A very good and well balanced article, it will be interesting to see whether any of the Obama stance on the credit card companies is picked-up by Brown in the UK, where there is already tight controls on transparency of fees/charges. I agree that many credit card companies are serving a vital function within the economy assisting both private consumers and small business with short term cashflow problems. With charge-off rates increasing and the Card Schemes being squeezed to reduce interchange rates its not a great time to be sat within the credit card business !!!

]]>