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A Closer Look (Credit Card Craze) #187820

ABC Evening News for Tuesday, Aug 17, 1999
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(Studio: Charles Gibson) Report on the rise in credit card fees noted.

(New York: Bill Blakemore) The dark side of the American economy--consumer debt--examined; details given of how banks are charging credit card users more and more. [US Public Interest Research Edmund MIERZWINSKI - says consumers are being tricked into bank fees.] [American Bankers Association James CHESSEN - defends late fees.]

(Studio: Charles Gibson) Report introduced.

(New York: Deborah Amos) New marketing tactics used by credit card companies to encourage card use examined. [Consumers Union Frank TORRES - assesses promotional credit cards.] The targeting of new immigrants and college students noted. [Georgetown University professor Robert MANNING - says even high school students are targeted.]

Reporter(s):
Amos, Deborah;
Blakemore, Bill;
Gibson, Charles
Duration:
00:04:30

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