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Released: December 02, 2011
Chase makes it easier for consumers to overspend
Source: David Lazarus, Los Angeles Times
If there’s an upside to these seemingly endless economic doldrums, it’s that consumers have gotten a whole lot savvier about managing their money.
Case in point: We’re carrying less debt. The New York Federal Reserve reported this week that consumer debt had dropped by $60 billion in the most recent quarter as households “deleverage” to cope with tough times.
So how are some banks responding? They’re making it easier for people to run up balances on their credit cards.
Read Full Article: Chase makes it easier for consumers to overspend
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