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Since the CARD Act took effect, capturing or estimating the income component of the ability to pay provision has emerged as a major hurdle for card issuers doing business in the US. Without a doubt, this provision has had a material impact on bottom lines. Estimates suggest, for instance, that issuers who cannot proactively grant line increases could be losing $50 per active account per year in foregone revenue.
This white paper explores the ability to pay issue in depth, including: