Posted inBanking and Financial Institutions Capital One Financial Corporation Consumer Behavior Consumer Financial Protection Bureau Consumer Protection Content Type: Service Credit and Debt Credit Cards JPMorgan Chase & Company Personal Finances Regulation and Deregulation of Industry
Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans
Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.