What type of consumer protection should the government have in place concerning credit cards?
Jacquot- Un chat furieux asked:
It seems to me like the interest rates that they charge are absolutely unbelievable. Especially when they slip it past someone on page 28 of their “rights” package.
It seems to me like the interest rates that they charge are absolutely unbelievable. Especially when they slip it past someone on page 28 of their “rights” package.
However, I wonder about the public’s lack of financial education and how much responsibilty a person has to take for their own actions.
I’m taking an economics course now and it seems like, when reading the basics of capitalism, that a lot of it really seems to depend on consumer’s being rather, frankly, dumb.
Does the Government have a place in “protecting” people, or is this really an example of “buyer beware”?
Categories: Consumer Protection Tags: Credit Cards, Economics Course, Financial Education, Lot, Public Education
