U.S. credit-card industry heading into storm-analysts
(Reuters) - The U.S. credit-card industry is heading into a “perfect storm” as challenges loom that could trigger a radical reshaping of the business, a group of industry heavyweights told a conference on Tuesday.
Competition from mortgage lenders, lawsuits over transaction fees, growing regulatory scrutiny about consumer disclosures and the almost universal elimination of annual fees are largely to blame for the troubles. read more>
