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The Country Has Racked Up $1 Trillion In Credit Card Debt

Friday, April 7, 2017
Leticia Miranda |
Michael Calhoun

Mike Calhoun, the president of the Center for Responsible Lending, told BuzzFeed News that the record levels of credit card debt shows that financial regulations introduced after the 2008 crisis did not kill the market for consumer lending, as the industry and some government officials believed they would.