DUNNED IF YOU DO, DUNNED IF YOU DON'T

摘要

After two years of 25% growth, the credit card industry is reeling from a one-two punch that is putting intense pressure on profitability. Not only is the market saturated—there are over 1.2 billion cards in use—but issuers are being squeezed by two very different kinds of cardholders: those who stiff the companies through delinquencies and those who pay their balances before the interest clock starts ticking.