Associated Press: Alaska Leads States in Highest Credit Card Debt

AFFIL appeared in this article by the Associated Press on July 30, 2008:

“Unfair practices by credit card companies are fueling these high debt levels,” Jim Campen, executive director of Americans for Fairness in Lending, said in a news release. “Consumers are victims of a range of abuses such as doubling and tripling interest rates, applying higher interest rates retroactively to outstanding balances, imposing exorbitant penalty fees, and requiring binding mandatory arbitration clauses.”

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This story was also covered by: Alaska Journal of Commerce, Alaska Pride, Boston Globe, MSN Money, CNN Money, Forbes, Calibre Macro World, Concord Monitor, Connecticut Business News Journal, Connecticut Post, Courant.com, The Daily Record, Denver Business Journal, Denver Post, The Examiner, Foster’s Daily Democrat, Macro*World Investor, New York Daily News, Portsmouth Herald (New Hampshire), VHForex, New Hampshire Public Radio, KTUU Channel 2 News, WCVB-BOS (ABC News) Boston MA, WJTV Jackson Mississippi, WMUR-MAN (ABC News) Manchester NH, WTNH-NH (ABC News) New Haven, CT, WVIT HFD (NBC) Hartford CT

Press Release (PDF)

CC-State-Release-AP-coverage (PDF)