Why the OCC Can't Be Relied on for Consumer Protection

The OCC is up to its old tricks. It doesn't matter how bad things are out there for consumers--one can always count on the OCC to stand up against any attempt to regulate the consumer lending...

Be Careful What You Wish For

At legislative hearings on credit card legislation, bank industry representatives have emphasized that they are voluntarily improving practices (but see here for whether to take those promises...

56,000 People – and One Guest Blogger – Can’t be Wrong

When the Federal Reserve asked for comments on its proposal to prohibit credit-card issuers from engaging in “certain unfair or deceptive acts,” it had no idea what it was getting into. The draft...

The Saturn Card?

Saturn's shtick in the car market is familiar enough: different kind of car, different kind of car company. Saturn tries to distinguish itself by being the what-you-see-is-what-you-get,...

Chase Freedom Card

This evening I saw a commercial for Chase's Freedom Card, a Visa Signature card. The card has been around for a few years now, but what was remarkable in the commercial was that the card featured in...