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From subprime mortgages to subprime credit cards

Author

Listed:
  • Margo Anderson

Abstract

Since the 2005 changes to bankruptcy law made subprime products safer for credit card companies, they are promoting more cards to consumers with poor credit. High up-front fees and penalties may call for consumer caution.

Suggested Citation

  • Margo Anderson, 2008. "From subprime mortgages to subprime credit cards," Communities and Banking, Federal Reserve Bank of Boston, issue Fall, pages 21-23.
    • Handle: RePEc:fip:fedbcb:y:2008:i:fall:p:21-23
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    File URL: http://www.bostonfed.org/commdev/c&b/2008/fall/Anderson_subprime_credit_cards.pdf
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    Keywords

    Credit cards;

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