Mbna

Discussion in 'Credit Talk' started by Platinum, Aug 15, 2002.

  1. Platinum

    Platinum Well-Known Member

    MBNA warned yesterday, after certifying its SEC filings, that it may take a $200-$300 million charge due to proposed FFIEC regulations. MBNA said the proposed new regulatory rules might require it to create a reserve to cover uncollectible accrued interest and fees on managed loans, on non-accrual status.

    www.cardweb.com
     
  2. jrjr35

    jrjr35 Well-Known Member

    So how does this impact consumers.
     

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