Re: Not Good - Consumer agency backs down on card fees
04-12-2012 11:35 PM
So if 30% of their people basically run up $300 and then don't pay it, that may well be reasonable. At their strata, they're extending credit to some folks who do exactly that... and I know for one subprime lender I worked at, 30% default rate was a fact of life at one point.
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