The global financial crisis, credit crunch and economic downturn have prompted banks to more quickly reduce the credit ceilings of cardholders. Scott Talbott, senior vice president of government affairs at The Financial Services Roundtable, said that lenders are aiming to protect themselves from default. "The bulk of these changes have been a direct result of an action or inaction by the consumer, as well as a generalized risk that was spread out across the economy," Talbott said.

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