Legislative changes and economic circumstances are about to converge to form a "perfect storm" with potentially damaging consequences for the US credit card market. This TowerGroup Research Note identifies these factors and considers their likely cumulative impact on the US credit card market. The Note outlines how market events will necessitate a change in the industry paradigm for collections. The analysis also quantifies the market impact on offshore outsourcing vendors and explains why the offshore outsourcing trend can be expected to continue.