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CHASE plays hardball

Contributor

Re: CHASE plays hardball

when did they purchase this? when did it take affect?
TU: 631, EQ: 657, EX: 674
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Valued Contributor

Re: CHASE plays hardball

It was supposed to have taken effect by the end of May. However, it's more like an investment. Chase is not going to control the credit cards directly unless there is over a certain amount of defaults occurring.

*Edit: add source:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYW256_2uazI&refer=home

Message Edited by erchambers on 06-02-2008 02:51 PM