<p>THOUSAND OAKS, Calif. - According to R.K Hammer Investment bankers the return-on-assets for the credit card industry may reach its highest levels since 1989. Despite eleven federal rate cuts, charge offs/losses have reached a 10-year high with credit card operating expenses at its highest level since 1992. Predictions are that 2002 will be a rough year for the industry as delinquencies, charge-offs and bankruptcies are expected to increase as unemployment and layoffs continue. -</p> <p>mbourjolly@cutimes.com</p>
From the January-16, 2002 issue of Credit Union Times Magazine • Subscribe!
Credit card ROA may hit all-time high
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