Why Credit Card Rate Stays High and What It Means
Consumers face high credit card rates despite lower prime and discount rates. CFA argues lenders exploit consumer dependence, with annual card averages around 18.8 percent while prime sits near 9.5 percent. Critics cite opaque fees and limited shopping info as reasons rates stay high. Hearings and proposed Fed action loom as lawmakers seek price competition.
MENTIONED IN THIS ARTICLE
Alan Fox
Consumer Federation of America
Fox
Federal Reserve
Manufacturers National Corp
Citicorp
Sears
Discover Credit Card
Robert Sznewajs
Michigan National Corp
Sznewajs
CFA
Visa
Mastercard
House Banking Subcommittee
Charles Schumer
D-N.y
Fed
Treasury
Scripps Howard News Service
Birth day and Christmas music video cards for gifts
Prime Source Entertainment plans Giftvideo Greetings a $14.95 five minute music video greeting card. Cardsettes pair with a normal card, feature upbeat familiar songs, and depict scenes meant to evoke happy memories. Name designer Murray Eerdman targets mass adoption as videocassette recorders rise to 25 million buyers by year end and 10 million annual sales thereafter.
MENTIONED IN THIS ARTICLE
Murray Eerdman
Prime Source Entertainment
Encino
Kerdman
Eerdman
Little
St. Nick
St. Nicholas
Getwell
Scripps Howard News Service
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