A Close Look at the FDIC's handling of NextCard

Salmon, Jeffrey
August 2002
Asset Securitization Report;8/5/2002, Vol. 2 Issue 31, p9
Assesses the management of NextBank under the Federal Deposit Insurance Corp. (FDIC) receivership. Decision of FDIC to stop the early amortization of the credit card asset-backed securitization of NextBank; Motive of FDIC for exercising supervisory powers; Details on the guidance for credit card banks issued by FDIC.


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