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ABC News: Americans 'Addiction' to Credit Cards
Summary from United States, from articles in English
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Democratic White House hopeful Barack Obama held a round-table talk today on the South Side with three consumers gouged by credit card companies. (article 5)
" For too long, credit card companies have been using unfair and deceptive practices to trick Americans into signing agreements they can't afford Obama said. (article 5)
And it's no wonder because the credit card companies have spent millions in recent years financing political campaigns and lobbying Congress to get laws written to their liking. (article 6)
Known also as a security freeze, a credit freeze allows consumers to block access to their credit reports, making it tough for fraudsters to obtain a credit card or some other type of loan in someone else's name. (article 3)
Credit bureau TransUnion's recent settlement of a class-action suit offers several options for consumers, two of which include free credit-monitoring services for a limited time. (article 1)
Consumers should be applauding and pushing rules proposed by the Federal Reserve and other regulators to rein in some much-criticized practices of credit card issuers. (article 1)
-Nine months of the credit-monitoring service, plus access to the credit scores used in insurance decisions, and TransUnion's mortgage simulator service, which allows consumers to see how their credit score affects their mortgage rate. (article 2)
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Event tracking:
Story keywords
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Credit, Card, TransUnion, Debt, consumers |
Source articles
- News for Dallas, Texas (dallasnews.com, 06/09/2008, 456 words)
- TransUnion settlement makes services available to consumers (dallasnews.com, 06/09/2008, 654 words)
- ABC News: Freeze! How to Combat ID Theft (ABCNews, 06/10/2008, 349 words)
- ABC News: Americans 'Addiction' to Credit Cards (ABCNews, 06/11/2008, 434 words)
- Obama has round-table talk on South Side :: CHICAGO SUN-TIMES :: Barack Obama (suntimes.com, 06/11/2008, 753 words)
- Remarks of Senator Barack Obama (boston.com, 06/11/2008, 727 words)
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blaster@cs.columbia.edu
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