The continuing credit crisis is hitting consumers hard and sometimes in unexpected ways. (flickr user stargazer95050 (cc: by-nc-nd_)
Consumers are reporting this week that Citibank recently closed some of its Shell-branded Mastercard accounts with only days' notice and no stated reason for the cards being canceled. We ask Adam Levin, chairman and co-founder of Credit.com and former director of the New Jersey Division of Consumer Affairs, how consumers can protect themselves from such practices, and what it says about banks that are closing accounts this way.
Today's Takeaway: What the Mortgage Settlement Means
Comedian Baratunde Thurston on 'How to Be Black'
Today's Takeaway: Focus on Violence Syria
In-Depth Look at the Situation in Syria
Today's Takeaway: Big Night for Rick Santorum
Some Combat Restrictions for Women Lifted
'Tebow Bill' May Allow Home-Schoolers to Play on High School Teams
Newly-Discovered Recordings Shed Light on a Young Malcolm X
Today's Takeaway: Multi-Billion Dollar Foreclosure Settlement Imminent
Is Our Constitution Out of Date?
The show is a co-production of WNYC Radio and Public Radio International, in collaboration with The BBC World Service, New York Times Radio and WGBH Boston.
Major funding provided by:
Comments [3]
You guys are funny. Asking what it says about banks that they're acting that way...as if they cared! Really, dudes, get a clue! We're no longer in a world in which we tell them what to do. They're in control, it's their game, their world, they tell us what to do. Better yet, they make us do whatever it is that they want us to.
Thanks for your note -- the audio gets posted shortly after the segment airs.
It sounds like an interesting story but I can't say for sure because nobody added "Listen" or "Add to Playlist" links.
Leave a Comment
Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.