Posted by: beckbamberger | June 23, 2009

CEO Interview with Discover CEO, David Nelms

So Obama changes the rules on credit cards and most of the credit card companies are having a fuss.  Here’s a CEO interview with Discover CEO David Nelms.  Nelms says the new U.S. safeguards for credit-card holders will mean higher interest rates, more fees and fewer loans industrywide.   MasterCard Inc. said this month that some of the industry’s practices were “unfair” and “deceptive.”


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