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Bloomberg News: Bank of America Credit-Card Unit Loses $373 Million

October 21, 2008

AFFIL appeared in this article by David Mildenberg on October 21, 2008

[…]”Credit cards have typically been among the most profitable parts of Bank of America’s business,” said Jim Campen, executive director of Americans for Fairness in Lending, a Boston-based nonprofit that studies the credit card industry.  “As we enter the biggest financial crisis since the Great Depression, more people aren’t going to be able to pay their credit cards.”

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Bloomberg article also picked up by the Boston Globe.

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