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The average American family today carries 10 credit cards. With credit card debt and personal bankruptcies now at an all time high, this episode of Frontline examines how the credit card industry became so pervasive, so lucrative, and so powerful....
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Contents
No Regulations on Credit Card Industry (1:23) -- Interest Rates Cap (2:41) -- Deregulation of Interest Rates (3:55) -- Profitability of Credit Card Business (1:23) -- Credit Cards and Interest (3:45) -- Credit Card Debt (3:01) -- Bankruptcy (1:05)...
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