The average American family today carries 8 credit cards. Credit card debt and personal bankruptcies are now at an all time high. With no legal limit on the amount of interest or fees that can be charged, credit cards have become the most profitable sector of the American banking industry: more than $30 billion in profits last year alone. FRONTLINE examines how the credit card industry became so pervasive, so lucrative, and so powerful.
IF YOU'RE EXPERIENCING PROBLEMS WITH THE VIDEO ABOVE, WATCH THE FILM FOR FREE AT THE OFFICIAL PBS WEBSITE
Your support keeps us ad-free and financially independent.
Our 10,000+ video & article library is 99% free, ad-free, and entirely community-funded thanks to our patron subscribers!
Want to donate extra? You can subscribe and donate an extra $5/mo or more.