1. Nonbanks lead increase in credit card loans
- Author
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Cacace, L. Michael and Coulton, Antoinette
- Subjects
Credit and debit card industry -- Finance ,Bank credit cards -- Statistics ,Banking, finance and accounting industries ,Business ,Economics - Abstract
Nonbank credit card firms continue to increase their share of the credit card market despite substantial annual increases for bank card businesses. Nonbank and diversified companies hold a 30.4% share of the credit card market as of Mar 31, 1996, up from 20.6% for Mar 31, 1993. Mass customization continues to drive growth in the credit card industry., Despite recent increases in credit card delinquencies and chargeoffs, several industry leaders have strengthened their market positions, an annual American Banker survey shows. Of the top 50 institutions in the [...]
- Published
- 1996