California-based Providian Financial Corp. recently announced that it will decrease the number of employees in its home-loan section, sifting them to its credit card and electronic commerce business, resulting in a possible increase of issuance in the credit card sector, a spokesman with the company said.

"We certainly feel that by re-deploying both the personnel and the capital assets from the home-loan division, we certainly can ramp up credit-card lending", said the spokesman.

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