To the Point
Cracking Down on Credit Card Companies
During good times, credit card companies were denounced for offering easy credit. Now they're under fire for tightening up. We hear the pros and cons of a bipartisan credit reform bill President Obama says he wants to sign. Also, Senate hearings into torture allegations, and Predator drones in Pakistan.
By Warren Olney • • 50m ListenDuring good times, credit card companies were denounced for offering easy credit. Now they're under fire for tightening up. We hear the pros and cons of a bipartisan credit reform bill President Obama says he wants to sign. Also, Senate hearings into torture allegations, and the government of Pakistan will have a say in how US Predator drones are used against the Taliban in its country.
Banner image: Senate Banking, Housing and Urban Affairs Committee Chairman Christopher Dodd (D-CT) and ranking member Richard Shelby (R-AL) are authors of the Credit Card Accountability, Responsibility, and Disclosure Act. Photo: Chip Somodevilla/Getty Images
In this episode
3 storiesA 'Collective Failure' Led To Harsh Interrogations
At the first congressional hearing into allegations of torture, Ali Soufan repeated what he has told reporters about the interrogation of al Qaeda operative Abu Zubaydah, who was subjected to harsher and harsher methods.
Read the story7 minCracking Down on Credit Card Companies
During good times, consumers were seduced with easy credit. Now, angry card-holders tell stories about rising interest rates and decreasing limits. Card companies, including some banks with taxpayer bailouts, are changing the rules.
Read the story36 minUS and Pakistani Militaries Work Together on Drone Attacks
The US military will now have a new role in hunting the Taliban, and Pakistan's military will have new authority in the use of unmanned Predator drones . The Pakistani government has bitterly protested attacks by the drones used by the CIA.
Read the story7 min
