Focus on growth by targeting financially strapped people

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Reference no: EM13832091

Credit Card issuer have culture that focus on growth by targeting financially strapped people.

Assume that you are a member of congress, what would you do?

Create legislation that does not allow credit-card issuers to raise interest rates for those who cannot pay their bills.

Create legislation that makes it a crime for people like Cate Columbo to entice people to spend money on a credit card when they can’t afford it.

I would not create any legislation. Credit-card issuers and people like Cate Columbo are not to blame for our financial problems. People must be responsible for their own behavior.

Invent other options.

Reference no: EM13832091

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