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Fitch: US Card Issuers Swiping Back at Many Sector Headwinds

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NEW YORK--(BUSINESS WIRE)--Major US credit card issuing banks are experiencing multiple expense headwinds that have held back card segments from achieving consistent profit gains through mid-2015, says Fitch Ratings. Regulation, technology upgrades, and soon, higher provisioning to a new post-crisis normal will likely prevent card issuers from fully capitalizing on the most clear bright spot for the sector -- the continuing trend of stronger asset quality. However, better asset quality has come

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