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| Credit Counselors Income
105 |
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| Virtually all of the credit card issuers in the CFA survey have sharply reduced their contributions to credit counseling agencies below 15%, which for many years was the industry standard. Most banks contributed 10% or less, with two banks among the top ten issuers, MBNA and Household Credit Services, contributing only 6%. Key Bank was the only bank in the CFA survey that is still paying a 15% contribution to credit counseling consumers. |
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| Category: |
Credit Card |
Sub Category: |
Credit Counseling |
Reporting Pub: |
Consumer Federation of America |
Pub Date: |
7/28/99 |
Article Title: |
LARGE BANKS INCREASE CHARGES TO AMERICANS IN CREDIT COUNSELING |
Article Author: |
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Source: |
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Source
URL: |
http://www.consumerfed.org/ |
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