/biz/ - Business & Finance

Anonymous Tue Nov 8 23:01:43 2022 No.52298858 [View]
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>>52298763
V and MA collect fees on transactions, no open account means no transactions, but I'm not sure thats whats causing the current problems for them. Mass delinquencies and charge offs are a foregone conclusion, I work in the collections industry and every client Bank is already forecasting that

Also, I believe there will be a great deal of AMEX charge offs. The small business loan bullshit during Covid is going to be coming due soon, I believe, and there was just news that some large percentages of small businesses are behind on rent

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/biz/ - Business & Finance

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