Capital One Financial (COF) CEO Richard Fairbank is buying the idea of the new consumer and says...

|About: Capital One Financial Corp... (COF)|By:, SA News Editor

Capital One Financial (COF) CEO Richard Fairbank is buying the idea of the new consumer and says the credit-card industry will be flat, or shrink, in coming years due to the "very powerful force" of de-leveraging. "We as lenders will be paid through better credit performance."