Category Archives: Credit cards

Credit Card Companies Coming Under Scrutiny

We’ve commented in a couple of recent posts (January 14 and January 23) on how credit card companies’ success in price gouging, ahem, extracting revenue from their customers had gone so far as to run the risk of regulatory pushback. We are seeing some initial shots across the industry’s bow. Today, MarketWatch published this story […]

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Banks and the Bankruptcy Law

Usury is becoming a hot topic. We posted on it a few days ago; it is also featured in a January 13 New York Times Op-Ed piece, “Banks Gone Wild” by Joe Lee and Thomas Parrish, which was then picked up in the blogsphere by Mark Thoma’s Economist’s View. From the Times: I owe about […]

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