Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans

Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt. Banking and Financial Institutions, Credit Cards, Consumer Protection, Personal Finances, Regulation and Deregulation of Industry, Consumer Behavior, Credit and Debt, Content Type: Service, JPMorgan Chase & Company, Capital One Financial Corporation, Consumer Financial Protection Bureau Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt. NYT > Business