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Credit card lenders issued 1.1M new cards to borrowers with damaged credit in December, up 12.3%...

Credit card lenders issued 1.1M new cards to borrowers with damaged credit in December, up 12.3% Y/Y, and part of a trend of banks tiptoeing back into subprime lending. The banks - needing to make up for billions in lost fee and other income from recent regulatory overhaul - insist they are distinguishing between chronic deadbeats and "fallen angels."
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Comments (2)
  • schatzl
    , contributor
    Comments (385) | Send Message
     
    When will we ever learn. I don't know whether to cry or laugh.
    11 Apr 2012, 07:48 AM Reply Like
  • youngman442002
    , contributor
    Comments (5129) | Send Message
     
    Me too....just great...and what it means is the rest of us have to pay more for the deadbeats that will use and abuse this offer....cry or laugh..or get angry....I am angry
    11 Apr 2012, 07:54 AM Reply Like
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