Over the past 40 years, credit cards have become fixtures in the American wallet.
But the worldwide financial crisis and increased regulatory pressure in Washington are starting to reshape the lending system in ways that are making plastic harder to get and more costly to use.
The changes will affect American consumers differently, as they carry nearly a trillion dollars of credit card debt, according to Federal Reserve ...
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The credit card problem is presented in a human fashion. It is not just an account of numbers. It is the human face of the sometimes surprising numbers.
The story was quite interesting. I learned many things about credit cards that I didn't know before. It intrigued me and made me want to find more out about credit cards.
Everything seemed to be going well until this quote was thrown in, "We even grew vegetables," said Martin, who has sweet potatoes in his front yard. "They make a good ground cover and they don't take much water." I don't think that this is relevant to the story.
It was a bit all over the place and seemed more like just a "biography" on credit cards instead of a piece of journalism.
It seemed like more of spotlight on a single than journalism, not as much of a broad article as i would have liked.
Not a lot new in this story. The main point of the story is that credit is harder to get these days, which most of us already know. The change of credit card rules (in the title) is covered only briefly and in little depth.
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