CHA-CHING! Credit card companies engaged in deceptive practices?
A new Pew study examined over 400 credit cards and found that all of them engaged in one or more practices PEW categorizes as “unfair and deceptive”. According to their research, credit card companies are hiking fees and raising interest rates (the median interest rate last year was 27.99%). Congress is working to push up the effective date of new regulations designed to help, but will they be enough?
A new Pew study examined over 400 credit cards and found that all of them engaged in one or more practices PEW categorizes as “unfair and deceptive”. According to their research, credit card companies are hiking fees and raising interest rates (the median interest rate last year was 27.99%). Congress is working to push up the effective date of new regulations designed to help, but will they be enough?
Guests
Rep. Carolyn Maloney (D-NY)
Nick Bourke, author and manager of Pew Safe Credit Cards Project
- Patt Morrison for October 29, 2009
- New HIV vaccine study begins today in Los Angeles
- Que Pasa? Are LAUSD ESL students taking too long to learn English?
- Should we be nervous? Flurry of Islamic-extremist arrests in U.S.
- New civil rights czar at U.S. Department of Justice
- CHA-CHING! Credit card companies engaged in deceptive practices?
Also on this episode
Events
Comedy Congress Live
Wednesday, February 29, 2012
7:30 p.m.
- 9 p.m.
The comedic material emanating from Washington D.C., and state capitols across the country, is enough to make any sitcom writer jealous, even if most of that comedy is unintentional. Our motto on Comedy Congress is that just when politics makes you want to cry, it’s usually best to laugh.
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