For Money or MayhemChapter 4 A Sheep in Wolf rsquo s Clothing
Evergreen Financial Corp., or EFC, was one of a number of independent credit card issuers that had sprung up about twenty-five or thirty years ago. It had never made it as big as its chief rival, because it adamantly refused to align itself with any mainline bank. Instead, it issued credit cards under private labels for various associations, unions, and even churches. It looked like a prime take-over candidate to me, but miraculously it had staved off attempts by big banks during the great...