A former U.S. Bancorp executive has created an on-line market for buyers and sellers of credit card portfolios and other types of loans.

The Web site, www.AssetExchange.com, will list assets for sale -- including card portfolios, auto loans, mortgages, student loans, small-business loans -- and let potential buyers browse. Card assets will be the initial focus of the company, which will take a "modest commission" when a transaction initiated through the site closes.

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