Get With the Program: "The Card Game"
During the economic downturn, credit card issuers have been coming under fire for raising interest rates, adding new fees and reducing credit lines -- and that's just for their best customers. Other borrowers have seen their credit lines canceled entirely. As credit card companies take steps to deal with rising public concern, FRONTLINE correspondent Lowell Bergman examines the future of the massive consumer loan industry and its impact on a fragile national economy:"In a joint project with The New York Times -- a follow-up to "Secret History of the Credit Card" -- Bergman and the Times talk to industry insiders, lobbyists, politicians and consumer advocates as they square off over new regulation and the possible creation of a consumer finance protection agency. How are the credit, debit and pre-paid card industries repositioning themselves to maintain high profits under the new rules? The stakes couldn't be higher as many fear the consumer loan industry could be at the center of the next crisis."
Tune in Tuesday, November 24 at 9:00pm EST for FRONTLINE's one-hour program, The Card Game.
[image: "The Card Game" via PBS PressRoom]
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The worse offender for industry high credit card fees and overdraft charges is Bank of America, the very same bank using our tax dollars to clean up their balance sheets. Something is not right here!