[Ride22West]

Conversation in another thread leads me to think some of you might find this interesting (no pun intended). It's a PBS Frontline special documentary that's all about credit cards and some of the unethical practices that the issuers use. If you have some time, you should check it out (streaming online).

http://www.pbs.org/wgbh/pages/frontline/shows/credit/view/

 

[Baby Gorilla]

Should not be a surprise. The creditors have ALL the rights because they ply states & DC with lots of money to have laws rewritten to benefit them.

Loan sharks were just a step lower than some of these people are. :shake

 

[Ride22West]

Actually BG, if you watch the clips you'll see that many states have attempted to go after the credit card issuers for some of their practices...only to be blocked by the OCC. The OCC has gone so far as to tell card issuers that they don't have to pay any attention to state regulations, that the OCC is the sole authority in the matter.

State's rights, anyone?