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.
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.
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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.
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