Time's Up: FDIC Shutters NextCard

Kuykendall, Lavonne
July 2002
American Banker;7/11/2002, Vol. 167 Issue 131, p1
Trade Publication
Reports on the U.S. Federal Deposit Insurance Corp.'s (FDIC) shutdown of NextBank's securitized portfolio of credit card accounts in July 2002. Invitation for other Visa banks to offer balance transfers to more creditworthy customers; Acknowledgment that there would be no buyer for the NextCard Inc. subsidiary.


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