Tim Kolk News Today

What took place this week in the credit card and payment industries

Prepare for a long climb The pandemic’s economic upheaval is unprecedented, but previous downturns offer insights on how credit card portfolios might respond December 17, 2020 by Karen Bankston, CU Management In many ways, the economic impact of the COVID-19 pandemic bears little resemblance to the circumstances that produced the Great Recession of 2008-2009. Still, credit card managers can apply some lessons learned from the last downturn to short-term forecasts and planning to manag...