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By Linda Stern

WASHINGTON (Reuters) - Here's something that might get all those puzzled
people on the hit TV dramas "Lost" and "24" really scratching their
heads: Make them decipher the mail that credit card companies send out.

Consumer groups have been complaining for years about the sad state of
credit card industry disclosures, but little has been done to improve
that lately. To the contrary, credit card issuers have gotten absolutely
masterful about meeting the ...   more »

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NY Times
Published: May 16, 2006
WASHINGTON, May 15 (AP) - The Internal Revenue Service has canceled
tax-exempt status for some of the nation's largest educational credit
counseling services after audits revealed they exist mainly to prey on
debt-ridden customers, Commissioner Mark W. Everson said Monday.
A two-year investigation of 41 credit counseling agencies resulted in the
revocation, proposed revocation or other termination of their tax-exempt
status, he announced.
Mr. Everson said that many of those ...   more »

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Middle-class families are "drowning in debt" because of the increasing
costs of housing, education, and cars, according a new report by the
Center for American Progress. The progressive think tank blames stagnant
wages from 2001 to 2004 and the rising cost of big-ticket items, not
frivolous consumption, for heavy debt burdens. Mortgage debt has
increased by 29.5% for middle-class households, and education debt
jumped 37.1% during the three-year period. "Families between 35 and 44
years of ...   more »