Publications
Viewpoint: Card Lenders Should Prep for Scrutiny
Feb 8, 2008
Published by American Banker on February 8, 2008.
Author(s): Andrew L. Sandler.
In the wake of the subprime meltdown, borrowers will rely increasingly on credit cards as access to mortgage credit continues to tighten. This increased dependence will surely lead to a default crisis, thus leaving lenders vulnerable to government enforcement action. The authors discuss the steps prudent issuers should take in order to mitigate their risk.
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