Are We Digging Deeper Debt Traps by Providing Credit?
The New York Times assistant business and financial editor, Gretchen Morgenson, published an article about the proliferation of credit and its impact for individuals struggling to get out and remain out of the debt trap. As the housing market fails and the predatory practices of mortgage lenders are revealed, regulators might need to explore a root of these problems – the ease and availability of credit.
Click here to read the article.