U.S. Credit Card Fees: Picking up the Pieces
Over the past three years, the new regulations, card issuer belt-tightening, and reduced demand for consumer credit have combined to transform the card business. Banks have to do more with less, while focusing on their most profitable cardholder segments, and yet continue to eliminate or trim accounts with the lowest credit scores.
In this Strategic Commentary entitled, “U.S. Credit Card Fees: Picking up the Pieces,” Speer & Associates, Inc. (S&A) describes current credit card trends and the ways in which issuers are coping with the need to maintain profit margins in an increasingly pressurized business environment.
