Credit card quicksand
June 18, 2008
Speed and convenience built into our payments-transaction and credit-issuing systems make Internet-enabled data theft and financial scams child’s play. But the cyber criminals’ profits are mere crumbs compared to the hundreds of billions in high interest rates and onerous penalty fees the banking industry has legally harvested from consumers over the past decade.
I’ve been absorbed the past few weeks collaborating on a Page 1 cover story with USA TODAY’s ace banking beat reporter, Kathy …More
