Political Quotes

Sheldon Whitehouse: “The system by which credit card companies get consumers into these high-interest rate predicaments is no accident. It is…”

On the recordApril 29, 2010
The system by which credit card companies get consumers into these high-interest rate predicaments is no accident. It is a system and it has been carefully designed by the credit card companies, beginning with the way they write the agreement. When credit cards began, the credit card agreement was two or three pages long.
Said by
Sheldon Whitehouse
Democratic · Rhode Island
Source
govinfo.gov
Apr 29, 2010

Editor's note · Context

The speaker addresses the predatory practices of credit card companies and their impact on consumers.

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