More layoffs
4 replies (most recent on top)
To bad Shart started gutting mortgage already and put all of his eggs in the downsizing and credit card basket. Yet another fail from that overpaid hack.
Home lending doesn't look so bad anymore
I would agree with OP. CC companies are going to be forced to cap rates at 10% which will mean significantly less interest income and none of that was forecasted. Will need to make the money up somewhere and raising fees won't be enough.
Could you provide more details and your reasoning?