This article didn't really provide much new information. With all due respect - the story reads muck like a Middle School Book Report and it distinguished by its lack of initiative and point. The story fails to mention how the mass bundling of debt, not unlike the mortgage business, has become much more difficult market. This is the portion of the debt business that in some cases partners collection agencies and law offices to uncollected bill payers - by selling the debt for pennies on the dollar. The fall back position on a debt-portfolio. The article also fails to connect the dots between the "dead-beats" as Hammer is quoted, and their abuse which has become a major 'condo' industry for law offices across the US, and the effect that new Congressional regulations will have on that revenue stream. A business that traditionally combines a Soprano's timbre with legal but unethical practices. It seems to me that the article missed making the point that the predatory instincts of credit cards issuers worked just fine and helped the companies pick bones clean. Now that the nation is forced to not only change banking laws but to change the mindset of how credit should be used - the credit card companies are in a complete redesign of their credit products - not just issuing less credit cards. The article includes one sentence about the vendor side of the credit card business (25% of their revenue) and the effects, influences or push back from retailers on the fees they are charged in order to accept credit card payment. This article was surprisingly uninformative.