The effectiveness of credit-card regulation for vulnerable consumers.
Factors influencing levels of credit-card debt in college students.
While the University of South Carolina welcomes card vendors to campus, it also offers classes like University 101, an introduction to campus life, which includes visits by bank representatives who offer tips on using credit wisely and encourage students not to run up high credit-card
Penalty fees and interest combined now cost average credit-card holding households more than $800 each year.
Both in the United States and abroad, there is a clear correlation between rising credit-card use and increasing rates of bankrupt.
Federal Reserve Chairman Ben Bernanke, asking him to strengthen that agency's credit-card data collection.
Barney Frank (D-Mass.) and Carolyn Maloney (D-N.Y.) specifically, urged the Fed--as it conducts its Congressionally-mandated biannual review of the consumer credit-card market--to require card issuers to provide information and data on: (1) credit-card fees and interest rates; and (2) sources and magnitudes of various revenue streams.
To take just one example, 2.5 million South Koreans have fallen into arrears on their credit-card
payments, in a nation of only 48 million people.
The study also underscores the need for small-business credit-card
reform, as unfair and deceptive practices within the credit-card
industry undoubtedly have played a part in the debt examined in the study.
To blame the merger and acquisitions era for what appears to be a rather whimsical career track and the thousands of dollars in credit-card debt that financed the various transitions seems a bit of a stretch.
Then there is Catherine, whose predicament is intended to represent "the effects of student loan obligations and personal bankruptcy as strategies for coping with credit-card debt" particularly on single women.
This increase is occurring despite a rise in the number of small businesses reporting worsening credit-card