The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s
Gonzobanker
AUGUST 24, 2023
One bright spot for the banking industry is Americans’ rising appetite for credit card debt. The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however. For the past five years or so, banks have obsessed over “innovating.”
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