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Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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Bank Profits Increase

Fewer bad debts and personal bankruptcies and an increase in income from fees drove bank card profits to the highest level in five years in 2000. Pre-tax return on assets (ROA), an important measure of profitability, was 3.6 percent in 2000. These profits represent a 16 percent increase over 1999 (3.1 percent ROA) and 44 percent more than 1998 (2.5 percent ROA). Profits haven't been this high since 1995 (3.6 percent ROA). Issuers have continued to increase the number and amount of fees. Fee income contributed to 28 percent of profits in 2000, up from 24 percent in 1999. [Source: R.K. Hammer, Investment Bankers]
        Categories:  Credit Card,Banking Fees
        Reporting Pub:  Consumer Federation of America
        Reporting Date:  2/27/2001
        Article Title:  CREDIT CARD ISSUERS AGGRESSIVELY EXPAND MARKETING AND LINES OF CREDIT ON EVE OF NEW BANKRUPTCY RESTRICTIONS
        Article Author: 
        Pub's Source:  R.K. Hammer, Investment Bankers
        Source URL:  View details from source
 

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