"The game at the moment is very much one of 'Can I get to that person first?'"

Andy Jennings, Chief Research Officer at Fair Isaac, on how credit card lenders are offering to settle accounts that have a whiff of going bad.

"The Fed rate as a pricing mechanism has been rendered virtually inoperable. Banks need to price on other mechanisms."

Gary Cady, President and CEO of Torrey Pines Bank, on the fact that rate cuts don't change the need to price loans to ensure profitability.

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