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Banks: Solicitations for Credit Cards

Are banks acting in a responsible fashion with their solicitations of consumers for credit cards and increases in credit card lines? What responsibility do consumers have with regard to credit card debt?

What disclosure rules apply in banks' solicitations of credit card customers?

What should the banks do to influence legislation?

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Are banks acting in a responsible fashion with their solicitations of consumers for credit cards and increases in credit card lines? What responsibility do consumers have with regard to credit card debt?

What disclosure rules apply in banks' solicitations of credit card customers?

What should the banks do to influence legislation?

Are banks acting in a responsible fashion with their solicitations of consumers for credit cards and increases in credit card lines?

Banks are at a down-turn in the economy, much like many of the other businesses and industries are. The bank has to try and stay afloat by selling their products, including their credit cards and their loans, to consumers or they risk going under. The bank is attempting to make money by doing so, although it is agreed that ...

Solution Summary

Are banks acting in a responsible fashion with their solicitations of consumers for credit cards and increases in credit card lines? What responsibility do consumers have with regard to credit card debt?

What disclosure rules apply in banks' solicitations of credit card customers?

What should the banks do to influence legislation?

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