Thursday, May 21, 2009

Black Money: Are Credit Card Companies Just Financial Drug Dealers?


Dr Boyce Watkins doesn’t like the way credit card companies exploit college students.  He argues that credit card companies should be regulated and that there should be greater controls over how much access these companies have to students.  He also feels that Russell Simmons has a great idea with the Rush Card, but that the fees should be reduced to avoid the perception of predatory banking.

In this interview, Dr Boyce Watkins and NPR host Michel Martin discuss The Rush Card, college students and credit cards.  Click the image to watch!

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