Industry News

Payments News » Credit-Card Issuers Not the Bargain They Appear to Be

Rising interest rates mean credit-card companies will instantly earn more on their floating-rate loans. At the same time, the booming economy and tight labor market are keeping defaults low. This was underscored by Friday’s jobs report, which showed the unemployment rate at its lowest level since 1969.”

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *