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#BIG_FINANCE | #PBS | #Credit_Cards
The #SECRET_HISTORY of the Credit Card (Full Documentary) | #FRONTLINE
“Secret History of the Credit Card,” The #Techniques used by the industry to #earn #record_profits and get #consumers to take on more #debt.
Some experts argue the #profitability of credit cards #began when the #banking_industry successfully #eliminated a #critical_restriction: the #limit on the #interest_rate a lender can charge a #borrower.
#borrower #interest_rate #limit #critical_restriction #eliminated #banking_industry #Began #profitability #debt #consumers #record_profits #earn #techniques #frontline #SECRET_HISTORY #Credit_Cards #pbs #Big_Finance