Five myths about America’s credit card debt – washingtonpost.com

This looks like a very good article from the Washington Post. I am sure you have heard there is a new law going into effect this month. The author of this article doesn’t think it will fix anything or much in any case. The credit card issuers have had since last spring to raise their payment level and their interest levels.  He indicates if you already have credit card debt you won’t be helped by this legislation.

You should share this with your students or parents. It also gives a history of credit cards.

You might also be interested in the fact that Chelsy Clinton and one of the Biden boys have very lucrative jobs with credit card companies or bank credit card divisions

Five myths about America’s credit card debt – washingtonpost.com.

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