TITLE

Time's Up: FDIC Shutters NextCard

AUTHOR(S)
Kuykendall, Lavonne
PUB. DATE
July 2002
SOURCE
American Banker;7/11/2002, Vol. 167 Issue 131, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
6967446

 

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