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New White Paper Examines Dilemma Facing Credit Card Industry

The credit card industry is in a state of flux. Right now the industry faces record-high delinquency rates and charge-offs, cash-strapped consumers, a raft of new regulations and a shrinking pool of prospective new customers.

There are indications that card issuers may be in recovery-mode, but it remains to be seen how rapid or gradual this recovery will be. After all, they are seeking to regain their footing following the one-two punch of a deep recession and the implementation of far-reaching regulations that have reshaped their industry and their revenue stream.

In light of the many challenges facing the industry, Early Warning has produced this, its third in a series of white papers that examine the credit card industry.

Proceed with Caution considers how the events of the last 18 months have shaped the environment that the industry now faces. It also suggests steps that executives may wish to consider to help ensure that their risk management efforts remain effective.

Among the topics covered in the paper:

The aftermath of The CARD Act and what it means to the industry
How the battered economy has narrowed the pool of prospective borrowers
Why relying on credit scores alone to determine good customers may no longer be enough
Steps card issuers can take to “amp up their game” in the current economy

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