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As credit card companies face rising public anger, new regulation from Washington and a potential perfect storm of economic bad news, FRONTLINE and The New York Times
examine the future of the massive consumer loan industry and its impact on a fragile national economy.
As credit card companies face rising public anger, new
regulation from Washington and a potential perfect storm of
economic bad news, FRONTLINE correspondent Lowell Bergman examines
the future of the massive consumer loan industry and its impact on
a fragile national economy. In a joint project with The New
York Times - a follow-up to the "Secret History of the Credit
Card" - Bergman and the Times talk to industry insiders,
lobbyists, politicians and consumer advocates as they square-off
over new regulation and the possible creation of a consumer finance
protection agency. How are the credit, debit and pre-paid card
industries repositioning themselves to maintain high profits under
the new rules? The stakes couldn't be higher as many fear the
consumer loan industry could be at the center of the next
crisis.