Which of the following is false about credit card companies?
A) Credit card companies are finance companies that issue credit cards to
Consumers and businesses.
B) Credit card companies do not securitize credit card loans.
C) Many credit card companies operate internationally and are very profitable issuing specialty credit cards, purchasing consumer loans from financial institutions.
D) Many consumer finance companies entered the credit card business to supplement personal cash loans, with most joining the Visa and MasterCard networks.
E) All of the above are true.
Correct Answer:
Verified
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