As credit card holders play it safe, issuers increase non-penalty service fees
Date: 2010-07-22T12:09:26.530
Author: AAA Staff
Editor note: After the recession forced credit card companies to purge their rosters of the riskiest loans, the industry is facing a new problem: customers who are too good.
Card issuers have long found their bread and butter in penalty fees and high interest rates paid by consumers who carry a balance. But that business model has been upended by the legions of consumers who were overwhelmed by debt when the recession hit, forcing the industry to write off billions of dollars in loans. In addition, new f
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View original artilce: http://www.washingtonpost.com/wp-dyn/content/article/2010/07/21/AR2010072106378.html?wpisrc=nl_pmheadline
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