from Hacker News

Wells Fargo, Citi and Chase are double reporting users credit card balances

by Iwillgetby on 5/22/19, 12:35 PM with 0 comments

Wells Fargo, CITI and Chase are double reporting customers credit card balances to reduce the company's risk by inflating debt ratios so that competitors will be less likely to offer zero interest credit to their customers. EOM