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Credit Card Delinquency Rate At Lowest Since Today’s College Students Were In Diapers

In spite of the fact that many Americans are still feeling the headache, nausea, and exhaustion from the Not-So-Great Recession, it looks like we’re becoming more responsible about paying our loans on time. According to a new report, the delinquency rate on bank-issued credit cards is now at its lowest since 1994. [More]

Bankers' Letter To Senate Against Credit Card Reform

Bankers' Letter To Senate Against Credit Card Reform

The American Bankers Association sent a letter to Senators yesterday to voice their opposition to the credit card reform act. Their big thing is they say the bill will make it so there’s less credit available, and it will cost consumers more. Definitely something worth bringing up when we interview Austan Goolsbee, senior economic adviser to Obama, in DC tomorrow. Here’s the letter:

Bankers Say "Whoa There" To Credit Card Reform

Bankers Say "Whoa There" To Credit Card Reform

Credit card reform is bad, says the American Bankers Association, an industry trade group. The ABA sent a letter around to Senators on Tuesday warning against credit card reform. They say that new regulation will mean credit card companies will have to cut off credit to some consumers completely “when they need it most.”

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