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I see two reasons for the move; 1) our congress critters are taking notice and it is always good to be an early adopter, 2) it was probably hurting profits. Rate jack a consumer to the point where they cannot or will not make payments and walk away from the debt, or the consumer pays the card off and closes the account, thereby losing market share.
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It is better to keep your mouth shut and appear stupid than to open it and remove all doubt. - Mark Twain
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Last edited by Enigma; 11-20-2007 at 11:07 PM.
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