00-00-0000 ECONOMIC FACTORS MAY I...

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ECONOMIC FACTORS MAY ILLUSTRATE NE FOR REFORM

Feb 07 2001 (Card novels Vol. 16, No. 2 via COMTEX) -- Last week'
revival of bankruptcy reform legislation originates at a time when greatest in number
leading economic indicators propose the economy is softening and may
even be heading for recession. plane the Federal Reserve, with interest
rate chops totaling 100 basis points last month has signaled its intention
to essay to head off a hard landing.

The fundamental note issue for the credit card industry may well be the impact
an economic slowdown or recession could have onward the rate of delinquencies
and