At the Information Management Network's 14th annual ABS East conference in Hollywood, Florida last week, it was easy to see that times are tough. However, it is still a pretty good time to be a credit card issuer, speakers said.

This was particularly true for top tier issuers like Citigroup and JPMorgan Chase, where performance is the strongest. Tier two issuers, like Capital One, were defined, for both credit cards and autos, as those whose receivables were more subject to credit deterioration, and were more dependent on securitization.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.