Credit Card News Article Review

Author: shan7
Posted: Wed Mar 07, 2007 1:46 pm
Post subject: News Story

Curtis was called by several reporters this morning including CNN and National Public Radio (NPR). Was wondering why and found this thru a major news page......


http://www.marketwatch.com/news/story/us-lawmakers-pledge-close-watch/story.aspx?guid=%7B54DD56D1-71A2-4DE8-961E-0B6363495B5B%7D
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Author: angelo21
Posted: Wed Mar 07, 2007 3:32 pm
Post subject:

This is supposedly going to be covered on the NBC evening news with Brian Williams TONIGHT. Thanks for the reminder.

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Author: fenster
Posted: Wed Mar 07, 2007 3:55 pm
Post subject:

Interesting piece, thanks.

I was alarmed at what Chase isn't willing to do, apparently it will take a vicious battle to get Chase to give up on Universal Default like Citi did.

For Chase, greed is still good, very very good.

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Author: guessindigo
Posted: Wed Mar 07, 2007 4:34 pm
Post subject:

Chase got rid of double cycle billing, that is a big first step. Than again, with most of Chase's cards being cobrand/rewards, most PIF and on time anyways so 2 cycle billing and default pricing is irrelavent. Would have been nice for Chase to follow Citi's lead though.

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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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