Credit card companies are increasingly turning to the legal system in their rush to collect money that is owed to them. But, there now exists a very big problem in this litigious-happy practice—nearly all these lawsuits may be flawed.
You may know that American student debt—which is swelling at a rate of almost $3,000 a second—is expected to hit $1 trillion by the end of the year. But do you know how the tab breaks down by ethnicity? Who owes the most? Who owes the least? Is anyone escaping its debilitating grip? (more)
On Monday, Sen. Byron Dorgan took the chamber floor with visual aids to warn of the dangers of luring small children into bad spending habits with colorful credit cards. While we applaud his efforts, he does seem a bit fixated on Hello Kitty.