New Study Cites 'Unfair and Deceptive' Credit Card Practices

Publication: Small Change from The Washington Post

Author: Ylan Q. Mui


03/31/2009 - A new report from The Pew Charitable Trusts details the extent of some of the “unfair and deceptive practices” by credit card companies.

The year-long study by Pew was led by the former CEO of a credit card company and involved more than 20 credit card providers and consumer groups. It looked at credit cards offered online by the 12 largest issuers, which control more than 88 percent of outstanding debt in the country, and covers roughly 400 cards.

Read the full post New Study Cites 'Unfair and Deceptive' Credit Card Practices on The Washington Post's Small Change blog.

Pew is no longer active in this line of work, but for more information visit the Safe Credit Cards Project on PewHealth.org.

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