After a turbulent first quarter during which banks substantially altered the terms of balance transfer credit card offers, stability returned to the market in May. The average length of balance...
Credit cards are remarkably transparent financial products as Federal regulations require that card issuers disclose almost all rates and fees before cardholders begin to fill out their application. Nevertheless, there...
If an observer follows a market for long enough, eventually a pattern emerges. Competitors repeatedly try to outbid each other in their efforts to acquire a scarce commodity. Ultimately, the...