[lbo-talk] February: Credit Card Learning Experience Month

Doug Henwood dhenwood at panix.com
Tue Feb 9 08:03:15 PST 2010


On Feb 9, 2010, at 1:19 AM, Michael Pollak wrote:


> Millions of debt-addled households across the US are in for a dose
> of harsh reality when they open their February credit card
> statements (writes Suzanne kapner in New York).
>
> For the first time card issuers are required by law to spell out how
> long it will take ot pay off a balance by making only the minimum
> payment.

Wow, I missed this. Elizabeth Warren told me - back before she got too busy to talk to me - that when legislation like this came up years ago the industry went nuts lobbying against it. Guess the populist rebellion is really underway!



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