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Card Firms' Loss Tally: Billions of Dollars in Fees

SCSUScholars found this 5/22/2009 on online.wsj.com

Risky borrowers usually are a cash cow for credit-card issuers, thanks to hefty fees and interest rates. But some of that revenue will dry up after President Obama signs new credit-card legislation Friday. Companies that pitch plastic to customers with dented credit histories and issuers ...