The average American family today carries 10 credit cards. Credit card debt and personal bankruptcies are now at an all time high. With no legal limit on the amount of interest or fees that can be charged, credit cards have become the most profitable sector of the American banking industry: more than $30 billion in profits last year alone. FRONTLINE examines how the credit card industry became so pervasive, so lucrative, and so powerful.
Secret History of the Credit Card (2004)
Visit the sources of the information in these posts to learn more and to support the sites and individuals that made this information available. Support this website by sharing this information with others.