An interesting comparison
August 6, 2008 | Business Week, alternatives, industry, media coverage, personal finance | Comments (0)The banking industry is concerned that the potential Federal Reserve clamp down on “unfair and deceptive” practices” could cost it to lose $10.6 billion in interest on credit cards. Now that $10.6 billion is just a percentage of the industry’s revenue from credit cards.
By comparison, the payday lending industry’s total revenue was approximately $8.6 billion in 2007.
Comments»
No comments yet.