Relevant:
- Card issuers invent fees
- Bank of America, Citigroup, Credit Card Defaults Soar To New Highs
- Card Issuers Sneak In Hikes to the Indebted
- Banks pitch program to forgive credit card debt
- Hitting the credit card wall -- Credit card debt contracts 17 percent as the grand American household deleveraging continues.
2008-12-18 — bloomberg.com
"Credit-card companies, facing an increase in defaults and a decline in consumer spending, are raising some rates, adding fees and cutting credit lines as the Federal Reserve is poised to make the most sweeping changes to the industry in 30 years."
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