An Ignoble Experiment: Consumerist Interviews Goolsbee On Credit Card Reform: Part 1 of 4 and more...

Sat May 16 2009

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Consumerist Interviews Goolsbee On Credit Card Reform: Part 1 of 4

We took your credit card reform questions to DC yesterday and interviewed Austan Goolsbee, senior economic adviser to President Obama. In part 1 of our 4-part series, we ask how are banks getting billions in bailouts and can turn around and cut off millions of credit cards and raise rates? How does it make sense that credit card companies can raise the interest rate on an existing balance? And, most importantly, why don't we treat credit cards more like Canadians do cigarettes? MORE >>

POSTED: Fri May 15 2009 15:16

videos
Consumerist Interviews Goolsbee About Credit Card Reform: Part 1 of 4

POSTED: Fri May 15 2009 15:15

credit cards
Your Credit Card Company Is Building A Psychological Profile Of You

The next time you apply for a credit card, your credit report and income will be only a part of the criteria used to determine your creditworthiness. For that matter, as long as you have the card, what you use it for will be noted and added to a growing set of data that makes up your psychological profile, which will then be referred to every time the bank deals with your or reevaluates your risk as a customer. MORE >>