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August 5, 2010 ArchivesSomewhere along the line, the image of the credit card industry changed from friendly enabler of fun and granter of freedom to pillaging raiders of the open wallet. If this were "It's a Wonderful Life," it would be like watching warm-hearted George Bailey devolve into the money-grubbing Mr. Potter. Award-winning editorial cartoonist Pat Bagley of the Salt Lake Tribune made that point visually today with his cartoon. It notes both the avaricious reputation of the industry, and the limits to the added layer of consumer protection from the Credit CARD Act of 2009 and the recent Wall Street reform law. |
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