The Future of the Credit Card Industry

Major credit card issuers are now scrambling to rethink their business models in light of the recent passage of the Credit Card Reform Act legislation. This legislation will bring huge changes in the way that the credit card issuers profit. Because the credit card companies are so reliant upon charging high interest rates and fees, [...]

Capital One Financial Corp Reports A Record 4th Quarter Loss

Capital One Financial Corp. is the parent company of credit card behemoth Capital One. It also has recently gotten into the branch banking business by buying Louisiana based Hibernia and New York based North Fork Bancorp. They have also reached an agreement to buy Chevy Chase Bank which serves the Washington D.C. area. Capital One, [...]