State of Lending: Credit Cards Chapter

Published: December 12, 2012

Don't Miss Our Next Report!

Sign up to receive the newest info on CRL research and hot issues in predatory lending.

Please leave this field empty

Credit cards are one of the most common purchasing tools used by Americans, with many households relying on credit cards to pay for basic living costs. In the past, credit card companies took advantage of this reliance by engaging in unfair and deceptive practices such as complicated pricing and high fees.

This chapter describes these abusive practices and the reforms instituted by the Credit CARD Act of 2009. These reforms made credit card pricing clearer and banned many deceptive practices, without leading to higher interest rates or reduced access to credit.

Read this chapter below or download the full report.



Stay Informed

Enter your e-mail to sign up to receive future State of Lending chapters, plus research and updates on hot issues in predatory lending.

   Please leave this field empty

State of Lending Articles

Immediate Costs of Predatory Financial Practices Are Steep, But They Are Just the Tip of the Iceberg by Mike Calhoun
Huffington Post, July 2, 2015

State of Lending Visualized

Visualizing the state of lending

Visual resources illustrating some of the findings from the State of Lending research

Visualizing the State of Lending

Information Can Drive Change

Help CRL publish research and spread the word by sharing our work online or donating.