Although this website is generally about consumer debt, a Washington Post review of a new documentary movie caught my eye recently. It did so when it said the nation’s looming economic crisis would make the Great Depression look like a market correction. I expected it to be talking about the foreclosure crisis or [...]
Democratic Presidential Candidate Barack Obama came out swinging today on the issue of credit cards and predatory lending. Obama criticized Republican Candidate John McCain for siding with the credit card companies and called for measures to end deceptive credit card practices. Obama supports a Credit Card Bill of Rights and wants to implement [...]
Business Week has put together a video with the basics about the credit card industry practices, why the credit crisis has escalated the problem of increasing interest rates, and a brief discussion of the credit card reforms in Congress. Here is the video:
