US Credit Card Industry Moving into Uncharted Territory
Posted by on May 20th, 2008 at 01:29pm
wrote an interesting post today on
Here’s a quick excerpt
The combination of slumping housing prices and rsing unemployment risks puttings the credit card industry into uncharted territory, according to Moody’s. Credit card performance deteriorated further in the first quarter by several measures, “but with excess spread at near-historic highs, most trusts appear to be well positioned to withstand a worsening credit environment - even if losses exceed former post-recession peaks.” That said Moody’s outlines some disturbing trends in the sector in a
Read the rest of this great post here
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