FRONTLINE and The New York Times examine how the credit card industry has become so pervasive, lucrative and politically powerful.
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The average American family today carries eight credit cards. Credit card debt and personal bankruptcies are now at an all time high. With no legal limit on the amount of interest or fees that can be charged, credit cards have become the most profitable sector of the American banking industry: more than $30 billion in profits last year alone. FRONTLINE and The New York Times examine how the credit card industry became so pervasive, so lucrative, and so politically powerful.
...and much more you probably don't
banking industry executives, consumer advocates, and a federal regulator
How much do you know about Americans' use of credit cards?
"Credit Cards and Personal Responsibility,"
"The Rise of the Industry," "Your Credit Score," "When the Debt Collector Calls" and
Date Added: Feb 28, 2010 Hits: Rating: 0.00 Votes: 0