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RSS FeedShould the government regulate the credit card industry?
Results so far:
| No | 28% | 64 votes | Total: 229 votes | |
| Yes | 72% | 165 votes |
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1 of 6
The truth is, there is no industry that does not have some sort of government control over it. The credit company is no exception. Granted, a large part of the sector does rem...read more
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2 of 6
Let's be realistic, the government,any government couldn't run a hot dog stand.If you want a credit card you go to the bank or your financial institution.If you don't have the m...read more
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by Rex Coker
The credit card companies should regulate the credit card industry . We should yell at the top of our lungs , "Paper or Plastic", I prefer paper . I do not own a credit card , y...read more
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4 of 6
by Stoneheart
Sure as a single rain drop can put out a forest fire, Congress can protect us from predatory credit card companies and the banks who control them. Too many legislators in Was...read more
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5 of 6
by Steve Dimino
when will this madness end. some one please wake me up, i am having a nightmare. every day i open up the newspaper and read page after page of government employees indicted for ...read more
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6 of 6
Should the government regulate the credit card industry? Simply put no. They already regulate it through their (the credit card companies and the banks that own them) though t...read more
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1 of 15
Credit card debt in the United States approaches one trillion dollars. There are more than two credit cards for every person in the country. In 2004 banks and other credit car...read more
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2 of 15
If at the moment you are living in Great Britain you will be experiencing a massive credit crunch, House prices are rocketing sky high and inflation is appalling. Last week I we...read more
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3 of 15
No matter how financially stable you are, how closely you watch your spending or how often you pay your credit cards off, you can fall prey to predatory credit card companies. R...read more
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4 of 15
To some extent every industry should be regulated. The reason for this is quite simply if the government doesn't companies in their respective industries will do whatever they w...read more
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5 of 15
Small print that even a lawyer can't read. More exclusions than an airline giving out free tickets on holidays. Interest rates that would make a loanshark blush. Come on, wha...read more
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6 of 15
The credit card industry as it is today is targeting people who they know cant afford to pay back any money they run up, and the large and unregulated scope for interest charges...read more
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7 of 15
Credit cards can be very useful tools as they provide instant lines of credit for a user while they offer greater security than cash and debt cards. The cost of this conveyance...read more
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8 of 15
by Tim Schroll
There are already government bodies and watchdogs to regulate the finance industry. Over the past three years, the Public Broadcasting Corporation (PBS) has run a three-part spe...read more
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9 of 15
Yes they should. And do you know why? Because we all have a stake in this. Credit cards have boomed because anyone can get one, whatever their circumstances. The irresponsible c...read more
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10 of 15
The credit card industry is out of control! Do they need a government agency to supervise their activities? You better believe it! Congress should enact some form of protectio...read more
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11 of 15
The government should control the credit card industry. I do not think the population of this country is qualified to be able to understand the scams and fine print of most cre...read more
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12 of 15
by Chabu Bowler
"Read the fine print," everyone advises. But how many really do? You need a magnifying glass to read the terms and conditions. While credit cards are very convenient, the...read more
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13 of 15
by Alvin Gaye
There is no question that the government should regulate the credit card industry. Right now there are too many credit cards floating about and for many they become a crutch to ...read more
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14 of 15
by Richard Ford
For the most part regulation would hurt the customer more than the credit card company. Caps on interest rates would be tempting but would simply drive some customers into the a...read more
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15 of 15
Credit card regulation should: Explain how much of a payment goes to the balance and how much goes to finance charge BEFORE you sign up. The entire set rate increases that go wi...read more
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