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by eldavido
4637 days ago
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Hi Dan I have a friend inside Capital One who tells me they're very concerned about the future of the industry. In a nutshell, C1 makes money three ways: (1) debit interchange, (2) net interest margin (NIM) and (3) fees. Dodd-Frank basically killed debit interchange and fees (esp. with the overdraft changes). If you think spread will keep collapsing, I'm not sure what's left revenue-wise. |
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