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Contributor
bcnu176
Posts: 112
Registered: ‎03-27-2008

Re: CHASE plays hardball

when did they purchase this? when did it take affect?
TU: 631, EQ: 657, EX: 674
Valued Contributor
athensguy
Posts: 1,291
Registered: ‎02-26-2008

Re: CHASE plays hardball

[ Edited ]
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

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