A sign of Good Financial Times

From the Baton Rouge Business Report:

There's a little less in their wallets: Capital One Financial Corp. says it earned $552.6 million or $1.78 a share in the second quarter, compared to $531.1 million or $2.03 a share in the second quarter of 2005. Those numbers failed to meet analysts' expectations. Capital One says it collected fewer late fees in the U.S., as more customers paid their credit card bills on time. The credit card giant recently took over Hibernia National Bank.

If people are paying their credit card bills on time (managing their money more effectively), I'd say that is a sign that people are doing better financially.  I'm sure Capital One wasn't so happy to lose $20 million. :)