credit card battle


Isaiah J. Poole's picture

Revenge Of The Plastic

By Isaiah J. Poole
May 19, 2009

A bill that will clamp down on some of the most egregious practices of credit card companies is rushing toward final passage in the Senate, and the industry—and its conservative buddies—are gearing up for retaliation.

For example, one conservative group has already said that if this bill is signed into law, more black people will be denied credit cards. more »

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Isaiah J. Poole's picture

More Evidence For Reining In Credit-Card Companies

By Isaiah J. Poole
May 14, 2009

The Senate is expected to vote either later today or Friday on a credit-card reform bill. more »

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Isaiah J. Poole's picture

Will The Senate Stop The Credit-Card Loan Sharks?

By Isaiah J. Poole
May 8, 2009

In Poultney, Vt., a small town near Lake St. Catherine near the Vermont-New York border, "Walter" had been running a small business during the summer for 43 years—until a rectangular piece of plastic helped bring him down. more »

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Bernie Horn's picture

Banksters Win One, Lose One in Congress

By Bernie Horn
May 1, 2009

Yesterday, the U.S. House of Representatives handed bankers in the credit card industry a defeat. But almost simultaneously, mortgage bankers won big in the Senate. Senator Richard Durbin lamented that the banks “are still the most powerful lobby on Capitol Hill. more »

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The Great Credit Card Battle To Come

By Robert B. Reich
From robertreich.blogspot.com
April 24th, 2009

robertreich.blogspot.com — The next front in the banking wars will be over credit cards. Some of the nation's biggest bankers — including representatives of Citigroup, JP Morgan Chase, and other recipients of billions of taxpayer dollars — met with the President to ask him back off his move to reform credit-card lending practices. What's happening to credit card lending is a smaller replay of what happened to mortgage lending.

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Progressive Breakfast: Restoring Rules On Credit Cards

By Bill Scher
April 23, 2009

Progressive Breakfast

Credit companies on the hot seat at the WH. Climate hearings kick off with more conservative lies. Pecora commission prospects up in Senate. Public health plan option possible, but what kind?

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Obama Moving Against Abusive Credit Card Practices

By Bernie Horn
April 23, 2009

President Obama called 14 bank executives to a White House meeting today to talk about questionable practices in the credit card industry. The question is how strong will curbs on these practices be and how soon will they take effect—especially when banks are using federal bailout money to lobby against commonsense credit card reforms.

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