Summary of Pew Study on Credit Card Practices


We support reforms to the financial marketplace that protect consumers from unscrupulous banks and lenders.

By Consumers Union on Monday, March 30th, 2009

Pew Charitable Trusts conducted a study of the 12 largest credit card issuers, which account for more than 88 percent of outstanding credit card debt in the United States. The study involved reviewing 400 credit cards, discussions with over 20 issuers and consumer groups and economic analyses of issuer practices and revenues. Pew released the study findings along with policy recommendations for protecting cardholders and promoting a functional marketplace.

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