It Figures

Lower Credit Card Fees = Lower Credit Card Profits

After a several month period of adjustment the card issuers will have new profit models from which to operate. These will probably include new and higher fees, smaller credit lines, higher interest rates and reduced availability for less creditworthy borrowers. So the price of limiting sometimes egregious fees for the late and non-payers is higher costs and less convienence for all of us. And less and much more expensive credit for those who need access to credit most.

Good job, Washington!

The $650 Billion Leasing Industry Has Dramatically Changed

Interesting, but it would have been more useful with less history and more discussion of what is to come. Yes, it has dramatically changed, but to what?