Credit Card Sharks
Jim Sollisch writes an op-ed piece for the Washington Post about some of the worst (he calls them "ruthless") practices of credit card issuers - the practices that lead him to call them "credit card sharks".
Last time I checked, loan sharking was still illegal. The banking industry's questionable practices are fully protected under the law. If ever an industry needed to be more tightly regulated, it's credit card lending. A shark is a shark, even if it wears a suit and works in a building with marble floors.
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