Vision Credit Education, Inc.

Credit card companies gave in to congressional pressure in 2006 to avoid some unpopular practices that had aggravated cardholders. As a result, increased regulation did not occur at that time. However, recent changes have prompted new action by the Treasury’s Office of Thrift Supervision. For many cardholders, these new regulations will not be in place soon enough to make a difference. Read the rest of this entry »

Chase has joined the growing list of credit card issuers struggling to find additional revenues in order to offset losses. These increases are expected to generate additional profits for the credit card issuer. The question is, will these changes actually increase losses by pushing more cardholders into default? Read the rest of this entry »