American consumers have a cornucopia of plastic cards in their wallets, bearing the familiar logos of Visa
Bloomberg reported that Fifth Third Bancorp
We all know that profligate spending on credit helped fuel our recent economic crisis. Now, banks are dealing with higher delinquencies and defaults by finding ways to make up for anemic revenue. However, punishing responsible customers might not be their brightest idea ever.
Do concepts like this give you a warm and fuzzy feeling about financial companies' bright future? Or do they just make you want to dust off the ol' pitchforks and torches? Sound off below.
Alyce Lomax does not own shares of any of the companies mentioned. The Fool has a disclosure policy.