ABC Evening News for Tuesday, May 17, 2005
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio: Charles Gibson) Report introduced.
(Washington: Lisa Stark) Congressional criticism of the credit card industry & their lending practices examined; details given about the controversial practice of universal default, aggressive marketing, escalating late fees etc.; scenes shown from the hearings in Congress. [Consumer Janet SAXNER- expresses shock at her credit card interest rate hike.] [JPMorgan Chase Carter FRANKE- defends practices.] [Senator Christopher DODD - offers criticism.] [Consumer Action Linda SHERRY- speaks out against fee practices.] The reasons why credit card practices will not change discussed.
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.