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Credit Cards / Congressional Investigation #854303

CBS Evening News for Wednesday, Mar 07, 2007
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(Studio: Katie Couric) Federal Reserve statistics on consumer and credit card debt cited.

(Capitol Hill: Sharyl Attkisson) A look by Congress at banks' complex and murky credit card practices presented; scenes shown from hearings. [Credit card user Bob ROLLS††- talks about his credit.] [Senator Norm COLEMAN - reads statement.] [In testimony, consumer Wesley WANNEMACHER†- cites his fees and interest.] [Chase Credit Services CEO Richard SREDNICKI†- apologizes to Wannemacher.] [Senator Carl LEVIN - says we will keep the spotlight on.] The example of "universal default" discussed.

Reporter(s):
Couric, Katie;
Attkisson, Sharyl
Duration:
00:03:00

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