REGULATORS AND elected officials are starting to circle the credit card companies. The Federal Reserve reports credit card debt rose more than 7% last month, on top of the already burdensome average of $8,000 per family. Credit and debit card delinquencies are at their highest levels in 18 years. And all the while credit card companies are employing practices that only dig consumers deeper into debt. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.