Wells Fargo Plastic: Protecting Its Consumers or Its Stockholders?

Certain economic factors, like unemployment and credit card default rates, are intertwined. So, it’s absolutely natural that in an economic climate where experts are predicting a 10+% unemployment rate before the end of the year, credit card companies will have to change the way they do business in order to remain safe and profitable. As we all know, most issuers have been doing this by raising interest rates on both new and existing customers. Wells Fargo ( WFC ) has recently joined its peer